An image of the headquarters of the Asian Development Bank (ADB). — AfDB Website/File The lender launches the “Glaciers to Farms” program. Initiative to include risk assessments related to melting ice. It will also support communities in mountainous regions. ISLAMABAD: As countries around the world continue to grapple with the worsening effects of climate change, … Read more
Finance Minister Muhammad Aurangzeb addresses the press conference in Islamabad on November 17, 2024. — Screenshot via YouTube/Geo News ISLAMABAD: Dispelling speculation over the visit of the International Monetary Fund (IMF) mission to Pakistan, Finance Minister Muhammad Aurangzeb said there were no surprises as “we have shared the economic roadmap of the country” with officials … Read more
A stockbroker monitors stock prices during a trading session at PSX in Karachi on July 31, 2023. — AFP The winning streak continues on hopes of stability. Investors applaud reports of unlikely mini-budget. Blue-chip banking stocks remain in the spotlight. Stocks extended their winning streak on Friday, hitting a new all-time high after briefly breaching … Read more
Crew members disembark from a Pakistan International Airways (PIA) flight at Kabul airport, Afghanistan, September 13, 2021. — AFP Dar-led CCoP rejects Blue World City privatization offer of Rs 10 billion. The government is considering agreements with China and Gulf countries, including Qatar. These countries can play a key role in the privatization of PIA, … Read more
Ayla Majid poses for a photo. —Linkedin/ACCA Pakistan ISLAMABAD: Pakistani Ayla Majid made history this week after becoming the first South Asian and Muslim to be elected president of the Association of Chartered Accountants (ACCA). Ayla, who has made Pakistan proud to the world, is the Founder and Chief Executive Officer (CEO) of Planetive Middle … Read more
Finance Minister Muhammad Aurangzeb addresses a press conference in Islamabad on June 13, 2024. —AFP FinMin describes the IMF discussions as “constructive and productive”. An open and factual dialogue took place with the IMF team, says Aurangzeb. The IMF claims to have held constructive negotiations with the Pakistani authorities. ISLAMABAD: The federal government has rejected … Read more
The International Monetary Fund (IMF) logo is seen outside its headquarters in Washington, the United States, September 4, 2018. — Reuters The IMF mission concludes its visit to Pakistan from November 12 to 15. He says he is encouraged by the authorities’ commitment to reforms. Next mission for the first review of the FEP expected … Read more
A worker filling gasoline into a vehicle at a gas station in Karachi on April 16, 2024. — PPI ISLAMABAD: The federal government has maintained prices of petrol and high-speed diesel (HSD) for the next fortnight, starting from November 16. “The Oil (and) Gas Regulatory Authority has fixed the prices of petroleum products for the … Read more
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, the United States, September 4, 2018. — Reuters The IMF mission could conclude its negotiations with the Pakistani authorities today. The Fund may prefer to issue a press release following the negotiations. The lender is looking to make progress on six … Read more
U.S. President-elect Donald Trump speaks during his meeting with House Republicans at the Capitol in Washington, U.S., November 13, 2024. — Reuters President-elect Donald Trump’s transition team is considering eliminating the $7,500 consumer tax credit for electric vehicle purchases as part of broader tax reform legislation, two sources said. direct knowledge of the file. Reuters. … Read more