Moody’s Investors Service has warned that the chances of success of Pakistan’s bailout program with the International Monetary Fund (IMF) have diminished. Talks on a $6.7 billion bailout program between Pakistan and the IMF are ongoing, but according to Moody’s, the program is in trouble. Moody’s analyst Grace Lim said there is a strong possibility…
The price of gold per tola in the country has also decreased significantly today. According to All Pakistan Gems and Jewelers Association, the price of gold per tola in the country has decreased by two and a half thousand rupees. After this decrease, the price of gold per tola in the country is 2 lakh…
A dispute between the Federal Board of Revenue (FBR) and Ministry of Commerce officials over the tariff of hybrid electric vehicles has come to light in the meeting of the Senate Standing Committee on Finance. Officials of the Ministry of Commerce say that the National Tariff Commission has not yet approved the duty on hybrid…
Renowned petroleum company Shell has decided to sell all its shares in Pakistan. According to the report of the British news agency, Shell says that it will sell 77.42% of the shares of Shell Pakistan. It also says that it will hand over the management and control of the company to the buyer. According to…
—File photo Today, the value of the dollar has decreased in the interbank and open market. After depreciating by 97 paise in inter-bank exchange, the dollar became Rs 287. Yesterday, the dollar closed at 287 rupees 97 paise in the interbank. On the other hand, in the open market, the dollar is available at 295…
File photo Minister of State for Finance Ayesha Ghos Pasha has said that the IMF has questioned many things. While talking to the media in Islamabad, Ayesha Ghos Pasha said that Ishaq Dar has had a virtual conversation with IMF Mission Chief Nathan Porter, IMF has asked for clarification on some things regarding the budget….
IMF has described FBR tax collection efforts as inadequate Finance Ministry officials have said that the International Monetary Fund (IMF) has expressed dissatisfaction over the upcoming budget. While briefing the Senate Standing Committee on Finance, Finance Ministry officials said that the IMF has expressed concerns over the Federal Board of Revenue (FBR) tax target. Officials…
File photo The World Bank has approved $200 million in financial assistance for Pakistan. According to the World Bank, the money has been approved for the rehabilitation and reconstruction of the flood victims. The money will be spent on the flood victims of Khyber Pakhtunkhwa, the money will benefit 55 lakh flood victims of Khyber…
The United States did not ban Russia’s energy-related exports, spokesperson: Photo: File Washington: The US has said that the cases of civilians involved in the events of May 9 are known to be going on in the military court. The spokesperson of the US State Department, Matthew Miller, said in a media briefing that they…
An image of Cyclone Buperjoy taken on Zoom Earth at 2:00 a.m. on June 14, showing its likely path. Photo: Courtesy of Zoom Earth website Karachi: Experts have said that the terrible cyclone ‘Baparjoy’ in the Arabian Sea could be the longest-lasting cyclone in recent history. Buparjoy was fully formed on June 6 and is…
