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IMF raises alarm on growing circular debt in Pakistan's power sector
ISLAMABAD: The International Monetary Fund (IMF) has raised alarms regarding the escalating circular debt in Pakistan's power sector, as reported by a private news channel citing well-informed sources. During recent virtual discussions, Pakistani au...
FinMin stresses private sector role in boosting economic confidence
ISLAMABAD: On Monday, Finance Minister Muhammad Aurangzeb emphasized the crucial role of the private sector in leading Pakistan's economic recovery and restoring public trust in government policies. His comments were made during a Senate session addr...
Rupee gains marginally against dollar
KARACHI: Rupee registered marginal improvement against dollar, appreciating 0.03 percent in interbank market. At close, domestic settled at 278.68, gain of 0.09 paisa against dollar. Globally, dollar dipped on Thursday as traders ramped up bet...
KSE-100 closes flat after range-bound trading
KARCHI: Pakistan Stock Exchange's benchmark KSE-100 Index closed flat on Thursday after witnessing range-bound trading amid lack of fresh triggers. Trading activity remained range-bound with index swaying in both directions throughout session. It hi...
BMA accuses BMG of rigging KCCI elections with illegal tactics
KARACHI: In the Karachi Chamber of Commerce and Industry (KCCI) elections for 2024-26, the ruling Businessmen Group (BMG) is accused of using illegal tactics to rig the vote. Despite these allegations, the Businessmen Alliance (BMA) remains confident...
FBR announces Tax Card for salary class employees
KARACHI: In move to provide tax relief to salaried class, Federal Board of Revenue (FBR) has issued new tax card, applicable for tax year 2024-25. Offering relief to low-income earners, FBR stated that individuals with annual earnings up to Rs 600,0...
Country seeks $1.7bn loan from global institutions to pave way for IMF accord
ISLAMABAD: Pakistan has requested loan of $ 1.75 billion from Islamic Trade Finance Corporation (ITFC), Islamic Development Bank (IDB) and Standard Chartered Bank. Sources revealed that loan had been sought for commodity and commercial purposes...
Gold price increases by Rs2,000/tola to Rs 262,100/tola
KARACHI: Gold prices rose in line with an increase in international rates. In local market, price of gold per tola gained Rs 2,000, clocking in at Rs 262,100 per tola Ten gram gold was sold at Rs 224,708 after it registered an increase o...
Domestic unit sheds value against dollar
KARACHI: Rupee registered marginal decline against dollar, depreciating 0.03 percent in interbank market. At close, domestic unit settled at 278.77, loss of 0.07 paisa against dollar. In open market, dollar changed hand to around Rs 279 for buying a...
Over 860,000 Pakistanis sent abroad for employment, NA told
ISLAMABAD: Parliamentary Secretary for Overseas Pakistanis and Human Resource Development Ehsan Ul Haq Bajwa informed National Assembly that government has sent 860,000 Pakistanis abroad in 2023 for employment. In response to calling attention...
