According to Pasar Pakistan, the federal government is working on a pension plan in response to the International Monetary Fund’s request.According to sources, negotiations would be made with the IMF to make the country’s pension payments manageable.The new IMF package will be focused on tax reform and increased tax income.Read More →
NEW YORK (Reuters) – The U.S. Some of the world’s leading banks predict that global economic growth will drop further in 2024, due to rising interest rates, increasing energy prices, and a recession in the world’s two largest economies. According to a Reuters survey, the global economy will increase 2.9%Read More →
The International Monetary Fund (IMF) bailout’s second tranche is likely to be considered in the last week of October. “The Federal Board of Revenue held an online meeting with the IMF.” According to reports, officials have notified the IMF that Pakistan would not impose a new tax. “The FBR hasRead More →
FRANKFURT (Reuters) – In September, the euro zone’s inflation rate dropped to its lowest level in two years, signaling that the European Central Bank’s steady diet of interest rate increases was working to tame inflationary trends, but at an increasing cost to economic development. According to Eurostat’s flash estimate releasedRead More →
Due to financial restrictions, Khyber Pakhtunkhwa (KP) is once again dealing with a suspension of medical care given via the Sehat Insaf card program.New enrollments in the health card program have been temporarily suspended by the authorities, and this suspension is now in place. Emergency medical assistance will yet beRead More →
KANO (Reuters) – Muhammad Khamis Umar stands in front of stacks of plastic items at a tiny business in Kano, Nigeria’s northernmost city. Since the removal of a gasoline subsidy by the country’s new president, Bola Tinubu, the price of petrol has increased significantly. The majority of Umar’s clients travelledRead More →
LAHORE (Web Desk)- Hamid Zaman, the chairman of the All Pakistan Textile Mills Association (APTMA) North Zone, has expressed concern about widespread closures and layoffs of textile workers due to the Regionally Competitive Energy Tariff (RCET), which sets petrol prices for the export sector at $9/MMbtu and electricity at 9Read More →
ISLAMABAD (APP) – Approximately 12 multinational businesses have shown a strong interest to the parliament in the outsourcing-bidding process for airport facilities, which is anticipated to begin in July, according to Minister for Finance and Revenue Senator Mohammad Ishaq Dar on Saturday. Speaking at the post-budget news conference, he saidRead More →
ISLAMABAD : The 2023–24 budget, according to Finance Minister Ishaq Dar, focused on economic development and was thus distinct from other budgets. In answer to a question during the post-budget news conference in the nation’s capital, Dar said that the government was developing a “Plan B” in the event thatRead More →
KARACHI : (APP) – As of May 26, Pakistan’s total liquid foreign reserves was at $9,513 million, with the central bank holding $4,090.7 million. The State Bank of Pakistan said in a statement that the central bank’s foreign reserves fell by $102 million to $4,090.7 million owing to external debtRead More →
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