Audit report for FY23 tax period: AGP objects to FBR’s increased reliance on WHTs ISLAMABAD: The Auditor General of Pakistan (AGP) has strongly objected that the Federal Board of Revenue (FBR) has... Published 17 May, 2024 05:50am
Print Borrowings, mark-up payments: Policy rate hike pushed up FY23 cost The expenditure on mark-up payments was Rs5,696 billion in fiscal year 2022-23 against Rs3,950 billion estimated in the budget Updated 17 May, 2024 09:44am
Print Public debt soars to Rs39.7trn, NA told ISLAMABAD: The external debt was recorded at $86.36 billion and domestic debt was recorded at Rs39.7 trillion of the... Updated 17 May, 2024 12:39pm
Markets SBP-held foreign exchange reserves increase $15mn, now stand at $9.13bn Total liquid foreign reserves held by the country stand at $14.62 billion Updated 16 May, 2024 10:28pm
Business & Finance Freelancers and IT exporters: BankIslami launches exclusive priority banking lounge KARACHI: BankIslami, a leading financial institution announced the opening of its exclusive priority banking lounge... Published 16 May, 2024 06:29am
Opinion The AJK curtain-raiser I fear the recent unrest in AJK was not an isolated affair, nor does the delayed Rs35bn sweetener mean the end of ... Published 16 May, 2024 06:28am
Editorials Political uncertainty or just bad economics? EDITORIAL: The refrain that political uncertainty is exacerbating the economic impasse due to inconsistent policies,... Published 16 May, 2024 06:28am
Business & Finance H1: Fiscal deficit increases to 2.3pc of GDP KARACHI: Fiscal deficit increased to 2.3 percent of GDP in the first half of FY24 from 2.0 percent in the same ... Published 15 May, 2024 05:47am
Business & Finance H2FY24: SBP expects continuation of modest recovery KARACHI: The State Bank of Pakistan (SBP) expects continuation of modest economic recovery in the second half of ... Published 15 May, 2024 05:47am
Business & Finance H1FY24: Contained CAD, better inflows help improve external account KARACHI: Pakistan’s external account improved in the first half of FY24, as current account deficit (CAD) remained... Published 15 May, 2024 05:47am
Business & Finance H1FY24: Services sector posts a meagre growth of 0.5pc KARACHI: Not withstanding robust agriculture growth and a moderate recovery in LSM during the second quarter of ... Published 15 May, 2024 05:47am
Business & Finance Political uncertainty impacting economy: SBP KARACHI: Despite some improvement in macroeconomic indicators, economy continues to grapple with the structural... Published 15 May, 2024 05:47am
Business & Finance H1FY24 agri sector output rebounds KARACHI: The output of agriculture sector rebounded, with 6.8 percent growth in the first half of FY24 compared to... Updated 15 May, 2024 09:19am
Business & Finance Q2 of FY24: Industrial production records contraction for 4th consecutive quarter KARACHI: The industrial production recorded contraction for the fourth consecutive quarter in the second quarter of... Published 15 May, 2024 05:47am
Pakistan Political uncertainty impacting Pakistan economy, says SBP Policy, structural challenges need to be addressed as necessary tailwind, says central bank in half-year report Updated 14 May, 2024 10:50pm
Business & Finance U Bank and RIDBL enter into strategic partnership ISLAMABAD: U Microfinance Bank (U Bank) and Raqami Islamic Digital Retail Bank Ltd. (RIDBL) have entered into a... Published 14 May, 2024 05:18am
Business & Finance KATI hails 1.39pc drop in weekly inflation rate KARACHI: The Korangi Association of Trade and Industry (KATI) has hailed the notable drop of 1.39 percent in the... Published 14 May, 2024 05:18am
Opinion Growth model needs to be long term Pakistan has never achieved impressive growth rates in its history with the highest rate (average) achieved in the... Published 13 May, 2024 06:08am
Print Foreign companies: BoI seeks details of special deployment policy from SBP ISLAMABAD: Board of Investment (BoI) is said to have sought details of Local Deployment Policy from the State Bank... Updated 13 May, 2024 09:21am
Business & Finance SBP provides foundation for elimination of Riba by Dec 31, 2027 FAISALABAD: State Bank of Pakistan (SBP) has provided a solid and practicable foundation for the elimination of Riba... Published 12 May, 2024 03:09am
Pakistan Kafaalat programme of BISP: Jan benefit adjustments protected generosity level: IMF ISLAMABAD: The benefit adjustment carried out in January (for Kafaalat beneficiaries of the Benazir Income Support... Published 11 May, 2024 06:22am
Print SBA: performance against end-Dec benchmarks satisfactory ISLAMABAD: The Pakistani authorities’ overall performance against end-December quantitative performance criteria... Updated 11 May, 2024 01:43pm
Print Downside risks ‘exceptionally high’: IMF ISLAMABAD: The International Monetary Fund (IMF) has stated that the risks to debt sustainability remain acute given... Updated 11 May, 2024 09:46am
Business & Finance Commitment to IMF: Primary surplus of 1pc of GDP for FY25 aimed at ISLAMABAD: Pakistan has committed to the International Monetary Fund (IMF) that the policy and reform effort started... Published 11 May, 2024 06:22am
Editorials Political uncertainty continues to pervade EDITORIAL: Three months after the general elections that were expected to presage easing of all political ... Published 11 May, 2024 06:22am
Business & Finance CCoP gets sell-off plan ISLAMABAD: The Cabinet Committee on Privatisation (CCoP) on Friday was presented with a phased privatisation... Published 11 May, 2024 06:22am
Opinion Transforming FBR In the light of dynamic shifts in business and advancements in technology, it is opportune for the Federal Board of... Published 10 May, 2024 04:17am
Print April remittances up 27.9pc to $2.8bn YoY KARACHI: The inflows of workers’ remittances have increased by 27.9 percent on year-on-year basis to $2.8 billion... Updated 10 May, 2024 09:23am
Business & Finance SBP’s reserves up $1.114bn to $9.120bn KARACHI: The total liquid foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $1.114... Updated 10 May, 2024 08:58am
Markets Pakistan’s remittances clock in at $2.8bn in April, up 27.9% YoY Inflow declines 4.8% on a monthly basis Published 09 May, 2024 11:14pm
