Finance Minister Muhammad Aurangzeb speaks during an interview with Reuters at his office in Islamabad, Pakistan, July 19, 2024. — Reuters/File Pakistan signs term sheets, one bilateral, one for trade: FinMin. The first evaluation of the EFF is scheduled for the end of February, says Aurangzeb. The minister invites global players to invest in priority … Read more
A currency dealer counts US dollars at a store in Karachi. — AFP/File Deposits placed with the SBP matured in January 2025. Prime Minister Shehbaz confirmed the postponement during Tuesday’s meeting. Foreign exchange reserves amount to $16,450.9 million. The United Arab Emirates (UAE) has confirmed the refinancing of its two deposits of $1 billion each, … Read more
A doctor treats a little girl at the Mithi Civil Hospital, in Mithi, Sindh, on May 25, 2018. — AFP/File 34% of children under five are stunted nationwide. Stunted growth is seen as the main consequence of inaction. Pakistan has the highest prevalence of stunting in South Asia. ISLAMABAD: Due to the ongoing undernourishment crisis, … Read more
An undated image of the Federal Board of Revenue (FBR) building in Islamabad. – APPLICATION The contracts contribute Rs 496 billion to revenue collection in FY2024. Taxes collected on bank profits and securities up 52.8% to Rs489 billion. Tax revenue from telephone bills increased by 14.3% to nearly Rs 100 billion. ISLAMABAD: The salaried segment … Read more