The Federal Minister of Planning, Ahsan Iqbal, speaks with Reuters during an interview in Islamabad, August 29, 2022. – Reuters 700 billion rupees necessary to meet the requirements of the donor project. PSDP financing is less than RS1 600 billion target estimate. Govt reduces 200 projects of the current development program. Islamabad: The federal government … Read more
The CEO of Pakistan Crypto Council Bilal Bin Saqib and a representative of World Liberty Financial signed an agreement in Islamabad on April 26. – Ministry of Finance World Liberty Financial (WLF), the decentralized finance platform (DEFI) supported by US President Donald Trump, signed a letter of historical intention with Pakistan Crypto Council (PCC) to … Read more
An image not dated from a freshly printed dollar tickets in a mint. – Reuters SBP allows capital outputs as the external account improves Pakistan publishes $ 1.9 billion surplus of current accounts in July – March FY25 The repatriation of IED’s profits increases to $ 1.649 billion. Karachi: Multinationals have repatriated $ 1.719 billion … Read more
Tickets in US dollars are seen in this un dated image. – Reuters Country recorded an influx in net FDI of $ 25.7 million in March. SBP data show that the majority of direct investments came from China. The increase in the IED is motivated by strong entrances to financial services. Karachi: Pakistan received $ … Read more
The image of representation shows a work oil pump at Taft Kern County, California, United States, September 21, 2023. – AFP The impact of the 2025 financial year should exceed 18 billion rupees. The industry wants a minimum tax on refineries and omc reduced to 0.25%. The OCAC is looking for the restoration of the … Read more
Participants of the Suhoor Rally in Dubai. – Postpone Dubai: Pakistan exports to the United Arab Emirates (water) experienced 28% growth during the current financial year, reaching $ 1.2 billion between July 2024 and February 2025. This announcement was made by Ali Zaib, Pakistani sales and commercial advisor in Dubai, while speaking to a Suhoor … Read more
Pakistan Tehreek-e-insaf central secretariat in Islamabad. – Facebook / Nasser Ali / File Islamabad: In the middle of the “financial crunch” reported by the former ruling party, the wages of staff members of Pakistan Tehreek-E-insaf (PTI) were reduced by 50%, sources revealed on Tuesday. In addition to this, other advantages and privileges, including the fuel … Read more
Construction of the State Bank of Pakistan in this undated image. – AFP / File Banks asked to rethink the models, prioritize financial intermediation. The Governor of SBP, Ahmad, calls for an increase in credit in the private sector. Aims to stimulate financial inclusion, to reduce the gap between the sexes by 2028. Karachi: The … Read more
The newly appointed Minister of Finance appointed Muhammad Aurangzeb, poses after taking an oath to Islamabad, March 11, 2024. – Ministry of Finance The Minister of Finance, Muhammad Aurangzeb, announced on Sunday the intention of reducing the financial burden of the salaried class in the coming budget. His remarks occurred a few days after thousands … Read more
A man walks with bags of supplies on his shoulder to deliver to a neighboring store in a market in Karachi on June 11, 2024. – Reuters FBR collects 6,496 billion rupees against the target of 6,964 billion rupees from July to January. The income deficit was located at Rs384bn in July-December period. The organization’s … Read more
A currency broker stands near his stand, which is decorated with photos of currency tickets, while dealing with customers, along a road in Karachi, Pakistan, January 27, 2023.— Reuters Inflation dropped to 7.2% in H1-FY2025, compared to 28.8% a year earlier. The agricultural sector increased by 6.2% during the 201024 financial year, supported by the … Read more
Khurram Schehzad, veteran investment banker. -Linkedin/@khurramschehzad Veteran investment banker Khurram Schehzad has been appointed as advisor to Finance Minister Mohammad Aurangzeb on financial reforms as the government steps up efforts to bring sweeping changes in different sectors of the economy to put the country on the right path sustainable growth. “The Prime Minister was pleased … Read more