China emerges as Pakistan’s largest creditor
China continues to be Pakistan's biggest creditor with loans totaling about $29 billion. According to a World Bank assessment, the ...
Tag: finance
Pakistan’s trade deficit goes down by 19% in November
According to figures issued by the Pakistan Bureau of Statistics (PBS), the country's trade deficit declined by 18.60 percent year-over-year ...
Finance Minister admits blunders in IMF program
Finance Minister Muhammad Aurangzeb acknowledged that the International Monetary Fund (IMF) program had encountered some setbacks, but he insisted that ...
ECNEC green signals projects worth Rs172B
The National Economic Council's Executive Committee authorized ten projects totaling 172.7 billion rupees on Monday, according to Radio Pakistan. The ...
IMF warns major problems in budget development
The International Monetary Fund (IMF) has highlighted serious flaws in Pakistan's budget-making and implementation procedures, highlighting notable shifts in the ...
Pakistan cross $349 million CAS in October 2024
The State Bank of Pakistan (SBP) announced figures on Monday that showed Pakistan's current account had a $349 million surplus ...
UK economy goes up by 0.1% in Q3
In the third quarter of 2024, the British economy increased by 0.1%, which was weaker than anticipated, according to official ...
Revenue target is on point, FBR tells IMF
The International Monetary Fund (IMF) has received assurances from the Federal Board of tax (FBR) that the Rs12.9 trillion tax ...
ECC give green signal to Rs25B plan to transform FBR
To close a staggering tax shortfall of more than Rs6 trillion, the cabinet's Economic Coordination Committee (ECC) accepted five suggestions ...
IMF considers more stringent evaluation of Pakistan’s rescue deal
After seeing early lapses, the International Monetary Fund (IMF) is thinking of going back to a three-month review timeline for ...
Govt to go for PIA privatization again: Finance Minister
Muhammad Aurangzeb, the Federal Minister of Finance, acknowledged that the International Monetary Fund (IMF) had lost credibility and trust because ...
Govt eyes ‘mini-budget’ amid IMF talks
The administration of Shehbaz Sharif has started getting ready for the crucial talks with the next staff mission from the ...
British Airways announces increase in profits
IAG, the company that owns British Airways and Iberia, a Spanish airline, reported on Friday that increased demand for air ...
SBP to announce monetary policy on Nov 4
In a statement released, the State Bank of Pakistan (SBP) announced that its Monetary Policy Committee (MPC) would convene on ...
Telenor’s revenue goes up by 6.7% in Q3 2024
In the third quarter of 2024, Telenor Pakistan reported revenue increase of 6.7% year over year, coming in at Rs. ...
IMF reduces Saudi Arabia’s growth estimate for 2024 to 1.5%
In its most recent World Economic Outlook Report, which was made public on Tuesday, the International Monetary Fund further reduced ...
Why Wall Street stocks dip drastically?
As markets processed a largely strong batch of company reports, Wall Street stocks fell early Tuesday due to worries over ...
Meezan Bank shows PKR 26.4 billion profit in 3QCY24
The largest Islamic bank in Pakistan, Meezan Bank, reported combined earnings of Rs26.36 billion for the third quarter that concluded ...
State Bank predicts around 2.5-3.5% growth in FY25
The State Bank of Pakistan (SBP) stated on Thursday that the improvement in Pakistan's macroeconomic conditions in FY24 is anticipated ...
HBL shows profit of 43.3 Billion PKR in nine months
For the first nine months of 2024, HBL reported a combined profit before tax of Rs 85.9 billion, which is ...
IMF official backs reforms in Pakistan’s public sector
Esther Pérez Ruiz, the resident representative of the International Monetary Fund (IMF) for Pakistan, backed public sector reforms on Thursday. ...
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