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Current account deficit forecast cut by $2b
ISLAMABAD: Pakistan has told the International Monetary Fund (IMF) that its current account deficit may remain below $4.5 billion…
Weekly inflation sees uptick of 0.71%
KARACHI: The weekly inflation reading, measured through the Sensitive Price Indicator (SPI), increased by 0.71% due to an uptrend…
Pakistan’s first local currency venture capital fund launched
KARACHI: Pakistan is set to launch its first-ever venture capital fund denominated in the local currency, aiming to boost the…
Power industry calls for release of vital reports
ISLAMABAD: Frustration is growing among power industry stakeholders due to significant delays in the release of crucial reports by…
FBR cautions IMF about Rs9.4tr tax target
ISLAMABAD: Pakistan shared a plan with the International Monetary Fund (IMF) on Friday to increase the number of income tax return…
Inflation lowest for ten months at 26.9%
ISLAMABAD: The inflation rate fell to 26.9% in October -- the lowest for ten months and more than expected -- strengthening the…
Govt raises gas prices amid Rs2tr loss
ISLAMABAD: In the face of a staggering loss of Rs2.1 trillion in the gas sector, Minister for Energy, Muhammad Ali, justified the…
FBR beats target, collects Rs2.75tr in Jul-Oct
ISLAMABAD: The Federal Board of Revenue (FBR) has beaten the revenue target for the fourth consecutive month with collection of…
IT sector for swift policy adoption
ISLAMABAD: IT industry experts have praised the State Bank of Pakistan’s (SBP) recent policy measures aimed at boosting IT and…
Interest cost absorbs entire income
ISLAMABAD: Finance Minister Dr Shamshad Akhtar, on Tuesday, identified the increasing cost of interest payments as a “primary…