By News Desk
The flood of smuggled cigarettes that hit Pakistan after the stellar tax hike brought by a minibudget a few months ago continues to surge, allowing black market forces to prey upon legitimate businesses and depriving the national kitty of previous revenue.
By Staff Reporter
KARACHI: The central bank said on Wednesday it would allow banks to buy dollars from the interbank market to settle card-based cross-border transactions with international payment schemes, a move that could ease pressure on the open currency market.
By Staff Reporter
ISLAMABAD: Pakistan cut petrol prices by Rs8 per liter on Wednesday, its second reduction in two weeks, to ease inflation that hit a 59-year high in April after an IMF-backed hike in fuel and energy tariffs.
By Staff Reporter
ISLAMABAD: State Minister for Finance Dr. Aisha Ghaus Pasha on Wednesday rejected a statement by a senior International Monetary Fund (IMF) official as “interference” in domestic politics after he spoke about the necessity of maintaining the “rule of law” in the country.
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday rejected an offer of talks from former premier Imran Khan, dismissing the idea that “anarchists and arsonists” who attacked symbols of the state are eligible for dialogue.
By Staff Reporter
ISLAMABAD: Pakistan must hold a general election by October 2023, the country’s leading election watchdog said on Tuesday, warning that any delay would pose a serious threat to the country’s polity, economy, and integrity.
By Staff Reporter
ISLAMABAD: Inflation is poised to maintain its upward trajectory, defying efforts of monetary tightening, primarily driven by the depreciation of the rupee and a range of challenges arising from the unpredictable external and domestic economic landscape, the finance ministry said on Tuesday.
By Staff Reporter
ISLAMABAD: The International Monetary Fund (IMF) is working closely with Pakistan to address its currency market situation and resolve other critical issues ahead of the resumption of its $6.7 billion bailout program, which is set to conclude in June.
By Staff Reporter
ISLAMABAD: Former Prime Minister Imran Khan has been summoned for questioning by a joint investigation team (JIT) investigating the attack on Lahore Corps Commander House earlier this month.
By Staff Reporter
ISLAMABAD: Finance Minister, Ishaq Dar said on Sunday the country will share its upcoming budget details with the International Monetary Fund (IMF) to unlock funds that have been stalled since November last year.
