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
A large number of motorists gathered in a queue to fill up with gasoline in Karachi on Friday, July 5, 2024. — PPI The government will announce new rates on November 15. New rates will come into effect on November 16. The federal government increased prices in the previous review. KARACHI: The price of petroleum … Read more
This image published on March 3, 2022 shows the FBR building. — Facebook/Federal Revenue Council System guided by the government’s vision to modernize tax infrastructure. The new system would eliminate the need for physical visits to the bank. This marks a significant advancement in revenue management. The Federal Board of Revenue (FBR) on Wednesday introduced … Read more
Gold bars are seen at the Austrian gold and silver separation plant “Oegussa” in Vienna, Austria, March 18, 2016. — Reuters To help provide debt relief to low-income countries devastated by climate-related disasters, the International Monetary Fund (IMF) should sell 4% of its gold, study suggests, as climate finance dominates first discussions of the COP29 … Read more
Logo of the National Electric Power Regulatory Authority (Nepra) visible on a wall. — APPLICATION/File Nepra initially asked KE to submit data in May 2024 KE requested an extension and failed to meet the standards. The company says it is in close coordination with Nepra on this issue. ISLAMABAD: The National Electric Power Regulatory Authority … Read more