By Staff Reporter
ISLAMABAD: Pakistan is anticipating an additional $1 billion deposit from the United Arab Emirates (UAE) as it moves towards a staff-level agreement (SLA) with the International Monetary Fund (IMF), following confirmation of $2 billion in additional deposits from the Kingdom of Saudi Arabia, according to local media reports on Wednesday.
By Staff Reporter
ISLAMABAD: Pakistan’s election watchdog has announced that the polls in the politically significant Punjab province will be held on May 14, as directed by the Supreme Court.
By Staff Reporter
KARACHI: Pakistan’s public debt has increased by 27.1 percent year-on-year to reach Rs54.353 trillion at the end of February 2023, according to data released by the central bank on Wednesday.
By Staff Reporter
ISLAMABAD: The coalition cabinet of Prime Minister Shehbaz Sharif on Tuesday swiftly rejected the verdict of the Supreme Court regarding the postponement of elections in Punjab and Khyber Pakhtunkhwa (KP).
By Staff Reporter
ISLAMABAD: The World Bank (WB) has recommended the government to abolish the exiting two-tier system and introduce a single-tier levy on the premium excise duty rate for maximizing revenues from the cigarette industry.
By Staff Reporter
ISLAMABAD: The World Bank sharply lowered Pakistan’s growth forecast for the current fiscal year of 2022/23, saying the country’s economic growth prospects have weakened due to tighter financial conditions and limited fiscal space.
By Staff Reporter
KARACHI: The central bank of Pakistan raised its key interest rate by 100 basis points to 21 percent on Tuesday to contain inflation, which remains at red-hot levels.
By Staff Reporter
ISLAMABAD: Pakistan’s powerful Supreme Court on Tuesday ordered provincial polls in Punjab and KPK to go ahead as planned, saying the election watchdog’s decision to postpone elections till October 8 was unconstitutional.
By Staff Reporter
ISLAMABAD: Pakistan’s economic growth is expected to slow significantly in the current fiscal year, ending June 30, 2023, in the wake of last year’s devastating floods, ballooning inflation, a current account deficit, and an ongoing foreign exchange crisis, the Asian Development Bank (ADB) said on Tuesday.
By Staff Reporter
ISLAMABAD: Pakistan is facing an economic crisis amidst a deepening judicial crisis and increasing political uncertainty. The scheduled verdict for holding elections in Punjab and KP provinces today has all eyes on the top court of Pakistan, the issue of Pakistan’s ailing economy remains the least interesting topic among those who really matter in the country.
