FDI rises to over $220m in January
FDI drops 44.2% in first seven months of current fiscal year. FDI rises to over $220m in January. China, one…
Economy
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National Assembly unanimously approves much-needed mini-budget
The mini-budget’s approval comes as the government continues its talks with the IMF. National Assembly unanimously approves much-needed mini-budget. The…
Pakistan current account deficit falls to $0.2 billion in January: SBP
CAD decreased to $3.8bn in first seven months of current fiscal year. Pakistan current account deficit falls to $0.2 billion…
Fitch Ratings downgrades Pakistan to ‘CCC-‘
Downgrade reflects sharp deterioration in external liquidity, funding conditions, decline of foreign exchange reserves. Fitch Ratings downgrades Pakistan to ‘CCC-‘….
Rs170bn in taxes to be imposed through mini-budget prior to IMF deal: Ishaq Dar
Dar says some reforms suggested by IMF are in Pakistan’s favour. Rs170bn in taxes to be imposed through mini-budget prior…
FBR’s tax collection target in January ‘exceeded by Rs4bn’
FBR shows growth of 23% compared to same month last year. FBR’s tax collection target in January ‘exceeded by Rs4bn’….
Pakistan fails to improve on Corruption Perceptions Index
Pakistan further declines with score of 27, worst in a decade. Amid an economic crisis, Pakistan failed to improve in…
Miftah Ismail says dollar cap caused $3bn loss
Would have been better if 9th review was passed in Oct, says Miftah. Miftah Ismail says dollar cap caused $3bn…
Rupee takes a hammering, falls to historic low of 255 against dollar in interbank
Dollar down over Rs24.11 in interbank and more than Rs12 in open market. Rupee takes a hammering, falls to historic…
Govt raises Naya Pakistan Certificate’s markup rates for foreign investments
Rate of return is now 7% for 3-month investments of $1,000. Govt raises Naya Pakistan Certificate’s markup rates for foreign…