Total debt reaches Rs71.3trn, Aurangzeb informs NA
ISLAMABAD: Federal Minister for Finance and Revenue, Muhammad Aurangzeb, informed the National Assembly on Monday that Pakistan's total debt has reached Rs71.3 trillion, which represents 67.4% of the country's debt-to-GDP ratio as of June 2024. In a...
Aurangzeb attends World Economic Forum in Davos
KARACHI: Pakistan's Finance Minister Muhammad Aurangzeb has traveled to Davos, Switzerland, to participate in the World Economic Forum (WEF) Annual Meeting, which is scheduled to take place from January 20 to 24, 2025. During his visit, the finance...
Gold price per tola increases Rs500
KARACHI: Gold prices in Pakistan saw an uptick on Monday, following a rise in international rates. In the local market, the price of gold per tola increased by Rs500, reaching Rs282,900. Similarly, 10-gram gold was sold for Rs242,541, marking a gain...
Rupee records marginal increase against USD
KARACHI: The Pakistani rupee saw a slight improvement against the US dollar on Monday, appreciating by 0.02% in the inter-bank market. The currency closed at 278.65, gaining Re0.06 against the greenback.In the previous week, the rupee experienced a m...
Govt to raise $200m from Chinese investors via Panda Bond: Aurangzeb
ISLAMABAD: Finance Minister Muhammad Aurangzeb announced that Pakistan plans to issue its first Panda Bond by June 2025, aiming to strengthen the country's presence in China's capital markets. In an interview with Hong Kong's TVB News Channel, he exp...
SBP's monetary policy committee to convene on Jan 27
KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will convene on Monday, January 27, 2025, to review and decide on the country's monetary policy, the central bank announced. Following the meeting, SBP Governor Jameel...
Revised tax laws to target non-filers more stringently
KARACHI: The government has introduced amendments to tax laws aimed at tightening measures against non-filers, enhancing compliance and broadening the tax base. Under these new regulations, individuals and businesses that fail to file tax returns wil...
KSE-100 gains over 570 points
KARACHI: The Pakistan Stock Exchange (PSX) continued its upward momentum on Monday, with the benchmark KSE-100 index gaining over 570 points. The index hit an intra-day high of 116,276.42 before closing at 115,844.81, marking a rise of 572.73 points...
Inflation drops to 3% after economic reforms: Aurangzeb
ISLAMABAD: Finance Minister Mohammad Aurangzeb announced on Wednesday that inflation in Pakistan has fallen to 3% this month, attributing the decline to the country's ongoing economic reforms. Speaking in an interview with Nikkei Asia, the minister e...
OICCI President meets FinMin to discuss economic outlook, federal budget
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met with Mr. Yousaf Hussain, President of the Overseas Investors Chamber of Commerce & Industry (OICCI), today at the Finance Division in Islamabad. The meeting pro...
