Pakistan & IMF to strike deal after budget approval
Pakistan requests IMF to enhance programme to $8bn instead of $6bn. ISLAMABAD: The talks between the Pakistani authorities and International…
Economy
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‘Super tax’: Bloodbath at PSX as KSE-100 index plunges over 2000 points
PM Sharif announces a super-tax of 10 percent on large-scale manufacturers & industries in the country. KARACHI: The Pakistan Stock…
Oil falls more than 2% as investors weigh recession risk
China’s crude oil imports from Russia in May were up 55% from a year earlier & at a record level….
Rupee breaches 211-a-dollar barrier on delay in revival of IMF programme
“Currency will continue to fall until Pakistan manages to strike a deal IMF,” analyst says. KARACHI: The Pakistani rupee remained…
Finance Minister Leghari unveils Rs3.226trn Punjab budget after long delay
Over Rs500bn to be collected under head of provincial receipts. LAHORE: At last, Punjab’s budget was unveiled by Finance Minister…
Rupee Glides to Historic Low of 206.46 Against US Dollar
Rupee has been losing ground due to the balance of payment crisis & falling foreign exchange reserves, traders said. The…
CM Murad unveils Rs1.7trn Sindh budget for FY23
15pc increase in salaries of govt employees and 5pc in pensions announced. KARACHI: Sindh Chief Minister Murad Ali Shah on…
Russia becomes India’s 2nd-largest oil supplier
Iraq remained the top supplier to India in May & Saudi Arabia is now third-biggest supplier. ISLAMABAD: Russia has surpassed…
Indonesia to supply palm oil to Pakistan
A total of 2.5 million metric tons of edible oil is being supplied to Pakistan from Indonesia. ISLAMABAD: PM Shehbaz…
US Dollar plunges to all time high in interbank
During Zia ul Haq era, the US Dollar elevated for the first time in the history of Pakistan. KARACHI: Further…