Finance minister says IMF has no objections to targeted subsidies
Aurangzeb says FBR to meet tax collection targets through enhanced digitalization, enforcement
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FINANCE
Gold prices in Pakistan see slight reduction
Silver prices remain stable, holding at Rs2,950 per tola
Pakistan submits plan to IMF for Rs6 electricity price decrease
Plan involves federal, provincial governments jointly arranging funding of Rs2,800 billion
Govt initiates privatization process with SIFC support
Transparency measures implemented for state-owned enterprises
Dr. Bengali quits govt committees over disagreement over economic reforms
Says made wrong decision of sending off the junior employees
Lahore increases prices of essential food items
Cost of daal chana, black gram, besan sees significant rise up to Rs55 per kg
Khyber Pakhtunkhwa achieves record tax collection of Rs7.1bn
Finance adviser says while FBR is struggling, KPRA successfully surpasses two-month target
Moody’s upgrades ratings of 5 major Pakistani banks
Upgrade benefits banks due to substantial holdings of sovereign debt securities
Gold prices in Pakistan see uptick once again
Silver prices remain stable, holding at Rs2,950 per tola
Goldman to lay off a few hundred employees in annual review
Investment bank reinstates performance-related job cuts in 2022 after halting for two years due to pandemic
FBR faces Rs113 billion shortfall in August tax collection
Board hopeful revenue collection will increase on final day of August, help reduce overall shortfall
Pakistan’s economic outlook: Inflation hits 32-month low
Current Account Deficit falls by 78% in July
Govt, SIFC launch strategy to combat grey market
New measures aim to boost GDP growth and stabilize currency exchange rates
Zindigi introduces Pakistan’s most inclusive contactless payment solution, “Zindigi Pay”
Your phone becomes POS machine for everyone
Govt accelerates IT Park development with SIFC support
Govt aims to boost IT exports to $25bn
Pakistanis have forgotten Rs97 billion in dormant bank accounts
Amount spread across 10.4 million temporarily closed accounts in various banks across country
Govt agrees to amend Tajir Dost Scheme following protests call
FBR says notification for amendment of SRO will be issued soon
Shutter-down strike across Pakistan halts business over rising taxes, electricity
Traders demand abolition of Tajir Dost Scheme, reductions in taxes within electricity bills
Pakistan again misses IMF agenda; strives to meet preconditions
Officials say Pakistan-specific IMF meeting may be called soon depending on country fulfilling preconditions
European companies cut jobs over poor economy
Elevated inflation, war in Ukraine have forced companies across Europe to freeze hiring or cut jobs
Gold prices dip as dollar gains ahead of US inflation data
Dollar index was up 0.1%, diminishing gold's attractiveness for foreign currency holders
Pending IMF loan delays external funding for Pakistan
Economic Affairs Division says Pakistan received only $436.3 million in external financial assistance in July
Australia limits admissions to foreign student
Minister says there are 10% more international students in universities than before Covid-19 pandemic
Pakistan's loan from IMF not on schedule again till Sept 4
Govt actively working to secure rollover of $12 billion in debt from China, Saudi Arabia, UAE
ADB identifies remittances as key pillar for Pakistan's economic stability
Bank emphasizes need for Pakistan to offer more incentives to overseas citizens
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