National airline PIA has revealed a net loss of Rs 36 billion 77 crore in the first 3 months of the current financial year. PIA has released its financial results for the first quarter ending March 2023. The Board of Directors of PIA has approved the accounts for the first quarter of the current financial…
Hyderabad: Torrential rain and hailstorm occurred in various districts including Hyderabad, the second largest city of Sindh, during which four children died in various accidents. During the torrential rains in Hyderabad and its adjoining areas, hailstones weighing as much as half a kilo of tennis balls fell, shattering windows and roofs of vehicles. During the…
Islamabad: The Ministry of Finance says that despite the internal and external challenges, the policies and strategies formulated by the government for the stability and sustainable growth of the economy are improving the economic growth and supply chain. I decreased. In the monthly economic update issued by the Ministry of Finance, it has been stated…
Photo: File Pakistan Stock Exchange (PSX) had a positive day of business today where the 100 index gained 331 points. The PSX benchmark 100 index closed at 41,671 points at the close of business following this gain. 19.76 million shares worth 6 billion 40 crore rupees were traded in the stock market today. Similarly, the…
The value of dollar in interbank was 285.35 rupees. (Photo: File) Karachi: Dollar continues to rise in open market and new records are being established every day, this trend continued today and the value of US currency rose to a new high of Rs 312 in open market. The dollar’s advance stalled after limited interbank…
File photo Gold prices in the country fell sharply for the second day in a row. According to All Pakistan Gems and Jewelers Association, the price of gold per tola has decreased by Rs 1700. After this reduction, the price of gold per tola in the country is 2 lakh 32 thousand 800 rupees. Keep…
—File photo The flight of the US dollar continues, today the dollar has become expensive both in the interbank and open market. 285 rupees became 75 paise after the dollar became more expensive by 34 paise in interbank. On the other hand, the dollar became 312 rupees after becoming expensive by 1 rupee in the…
File photo International Monetary Fund (IMF) mission chief for Pakistan Nathan Porter has said that he is in touch with the Pakistani authorities. Nathan Porter has said that with the IMF program expiring at the end of June, talks with Pakistani officials will focus on the next fiscal year’s budget. He says program goals and…
Prime Minister Shehbaz Sharif and IMF MD Kristalina Georgieva—file photo Prime Minister Shahbaz Sharif has contacted International Monetary Fund (IMF) Managing Director (MD) Kristalina Georgieva. According to sources, Prime Minister Shahbaz Sharif asked MDIMF Kristalina Georgieva for help in completing the 9th review. Sources say that the budget details have been shared with the IMF…
—File photo Pakistan has shared the budget proposals for the next fiscal year with the International Monetary Fund (IMF). Proposals for important targets including FBR targets, debt repayments have been shared from IMF. Sources in the Ministry of Finance say that the IMF will review the budget and discuss the budget with the officials of…
