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BUSINESS(B-Trams): Gold price in Pakistan surges today on Mar 30, 3023 due to investors remaining cautious and demand increasing as a result of delays in IMF bailout funds. The All-Pakistan …
Gold Price In Pakistan Marginally Rise on Mar 30, 2023 Read More
BUSINESS: ISLAMABAD:Donald Blome, the US Ambassador to Pakistan , wished for a settlement between Pakistan and the International Monetary Fund (IMF) that would guarantee Washington’s willingness to assist the nation …
US Ambassador To Pakistan Said, US Willing to Cooperate With Pakistan over IMF Deal Read More
BUSINESS:As a result of receiving US$ 500 million from China, Pakistan’s total liquid foreign reserves increased to US$ 9,754 million during the week ending March 3, 2023.As a result of …
Pakistan Foreign Reserves Surges To $ 9.754 Billion Read More
BUSINESS:The International Monetary Fund (IMF) was “satisfied” with Pakistan’s actions, according to Finance Minister Ishaq Dar on Thursday, but the staff-level agreement could not be signed this week. Dar said …
Ishaq Dar Said Pakistan is ‘Very Close’ To Signing Agreement With IMF Read More
KARACHI:The rupee is anticipates to strengthen against the dollar in the coming week because Pakistan reportedly secured financing from China in the amount of $500 million in the midst of …
Is China Financing Help Rupee Claw Back Against Dollar? Read More
BUSINESS:The government changed a summary to include additional items on the list for raising the increased General Sales Tax (GST) rate from 18 percent to 25 percent in order to …
Pakistan Likely To Hike Tax on More Luxury Items Including Foods Read More
BUSINESS:In an off-cycle review, the benchmark interest rate was increased by 300 basis points (bps) to 20% by the State Bank of Pakistan (SBP). This was done because Pakistan needs …
Pakistan Jacks Up Interest Rate By 300bps Read More
BUSINESS:The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) is likely to raise interest rates. The SBP announced earlier this week that it had “preponed” the MPC …
SBP Likely to Increase Interest Rates Today Read More
BUSINESS: The coalition government has ended the power subsidy that was provided to consumers in agriculture as part of the conditions imposed by the International Monetary Fund (IMF) in order to …
Pakistan Discontine Kissan Package Subsidy for Agriculture Consumers Read More
KARACHI:Moody’s Investors Service has downgraded Pakistan’s government’s local and foreign currency credit rating from Caa1 to Caa3, citing a rise in the risk of default on foreign debt repayment and …
Moody’s Downgrades Pakistan’s Credit Rating ‘Caa1’ to ‘Caa3’ Read More
BUSINESS:As the finance chiefs of the group finish two days of talks, India’s attempt to regulate cryptocurrencies received support from the International Monetary Fund and the United States on Saturday. …
India G20 To Regulate Crypto Gains Support By IMF, US Read More BUSINESS:Pakistan has agreed to raise the policy (interest) rate, which currently stands at 17%, by 2%, or 200 basis points, as another IMF precondition for the release of $1.1 billion …
Pakistan Govt Increase Interest Rate By 200bps Read More
ISLAMABAD : The Finance Supplementary Bill 2023 that was sent to President Arif Alvi on Wednesday has received his approval, two days after the National Assembly approved it on February …
Pakistan President Alvi Approves Mini-Budget Read More
ISLAMABAD: Pakistan has promised the International Monetary Fund (IMF) that it will increase its policy rate by 2% in order to meet the requirements set by the financier in …
Pakistan Accepts One More Demand Of IMF By Hiking Policy Rate Read More
ISLAMABAD: The Memorandum for Economic and Financial Policies (MEFP) draft was received at 9 a.m., according to Finance Minister Ishaq Dar, who spoke at a press conference on Friday in …
MEFP Draft Received From IMF; Ishaq Dar Read More