Inflationary pressure to persist, warns Ministry of Finance
Islamabad: Ministry of Finance said high inflation remained persist in month of May. However, improvement in global supply chain will ease out domestic prices in coming months. In its ‘Monthly Economic Update and Outlook’, Ministry said i...
We are aware of political developments in Pakistan: IMF
ISLAMABAD: IMF Chief Advisor Pakistan Nathan Porter has said IMF authorities are trying for board meeting before end of current programme in June this year. Many people are of view that programme has been finished despite programme has to continue fo...
Public relief, economic development among priorities in next budget: PM
ISLAMABAD: Prime Minister Shehbaz Sharif said that provision of maximum relief to masses and economic development would be among government’s priorities in upcoming budget for fiscal 2023-24. Chairing meeting to discuss budget proposals for ind...
President directs FBR to make payment over wrongly auctioning three imported vehicles
ISLAMABAD: President Dr Arif Alvi directed Federal Board of Revenue to apologise and make payment to citizen whose three imported vehicles were mishandled by Customs Department. Customs Department’s officials wrongly auctioned vehicles at low p...
Is not reaching agreement with IMF your failure, question enrages Ishaq Dar
ISLAMABAD: Finance Minister Ishaq Dar has flown into rage in face of volley of bitter questions from journalists. Journalists besieged Ishaq Dar on eve of International Banking conference here and bombarded volley of questions. This state of affairs...
Rupee sustains losses, settles at 285.42 against dollar
Karachi: Rupee registered losses against dollar, depreciating 0.09 percent in inter-bank market. At close, domestic unit settled at 285.42, decline of 0.27 paisa as per State Bank of Pakistan. However, in open market, dollar was being traded in range...
Investor optimism lifts KSE-100 index, gains 375pts
Karachi: Pakistan Stock Exchange (PSX) witnessed bullish trading session and benchmark index KSE-100 gained 0.92 percent after handful of rangebound sessions last week. Investors’ sentiment turned positive over budget proposals being put forwar...
Dar assures US envoy about commitment to IMF programme
Islamabad: Minister for Finance Ishaq Dar assured US Ambassador Donald Blome that Pakistan government remains committed to completing ongoing International Monetary Fund (IMF) programme, development that comes amid widespread speculation on fac...
PM asks exporters to think of innovative ideas for boosting exports
KARACHI: Prime Minister advised country’s exporters to come up with innovative and unique ideas to boost exports to help country earn valuable foreign exchanges. Addressing ceremony of Textile Expo here Prime Minister said that large number of...
Domestic unit gains 59 paisa to close 285.15 in interbank
Karachi: Rupee strengthened further against dollar, appreciating 0.21 percent in inter-bank market. At close, unit settled at 285.15, gain of 0.59 paisa as per State Bank of Pakistan. However, in open market, dollar was being traded in range of 308-3...
