A team from the International Monetary Fund (IMF) is scheduled to meet with Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan today to seek the party’s support regarding the standby agreement. Hammad Azhar, from PTI’s economic team, confirmed this development, stating that the IMF has approached the party to garner their backing for the $3 billion agreement […]
The foreign exchange reserves of Pakistan witnessed an increase of 9.6% on Thursday on a week-on-week basis. The State Bank of Pakistan (SBP) reported that the foreign currency reserves rose to $4.4 billion, after an increase of $393 million. On June 23, 2023, the foreign exchange reserves were recorded at $4.06 billion. Experts claim that […]
Finance Minister Ishaq Dar made a statement on Tuesday, asserting that the real value of the US Dollar stands at approximately Rs. 250. Speaking to Samaa News, he emphasized that the US Dollar will eventually stabilize near the real effective exchange rate, citing Bloomberg’s estimation from May, which placed the rate at around Rs. 244. […]
According to Khaleej Times, the Pakistani Rupee (PKR) has witnessed a significant surge of five percent against the AED following the country’s successful loan agreement with the International Monetary Fund (IMF). This positive development is expected to bolster the value of PKR in the days to come. However, industry experts caution that PKR may still […]
In a significant turn of events, the price of gold in Pakistan experienced a substantial decline on Monday, reaching Rs. 207,200 per tola. New price of gold in Pakistan The All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) released data indicating that the price of 24-carat gold dropped by Rs. 8,800 per tola, closing at Rs. […]
Image: Pakistan Today With the latest $3 Billion loan from the IMF (International Monetary Fund), Pakistan is on its way to becoming the fourth largest IMF borrower globally. As mentioned in the lender’s data, in March, Pakistan was ranked fifth in the list of countries who borrowed the largest funds from the IMF. However, after […]
Hajj, the annual Islamic pilgrimage to Mecca, holds immense significance for Muslims worldwide. It is a sacred journey that brings millions of believers together to fulfil one of the five pillars of Islam. The year 2023 witnessed yet another remarkable Hajj season, with pilgrims from diverse backgrounds converging in Mecca to perform religious rituals. Capturing […]
The amended Finance Bill 2023 has introduced new income tax slabs for the salaried class, bringing changes to the tax rates that will come into effect from July 1, 2023. The Federal Board of Revenue (FBR) recently released the revised Finance Bill, outlining the updated tax brackets. For individuals with an annual taxable income exceeding […]
Image: PCB This year witnessed the eighth season of the Pakistan Super League (PSL) in the month of March. The season was won by Lahore Qalandars who beat Multan Sultans to earn this title for the second time ever since the tournament has started. With each season, PSL’s popularity is increasing and it is generating […]
Image: Express Tribune Pakistan improved its position on gender equality, has now moved to 142nd in the list of World Economic Forum (WEF) comprising of 146 nations. Pakistan is placed just above Iran, Algeria, Chad and Afghanistan. Pakistan’s gender parity reached 57% with huge gaps in education, work and political domains. According to the new […]
The United Arab Emirates has offered to acquire Karachi Port Terminals on lease for 50 years. The negotiated deal is considered to be the first foreign businesses deal without any competitive bidding process. The Abu Dhabi Ports Company, UAE said that Pakistan will get the payment of $50 million upfront for the infrastructure and fixed […]
Gold prices in Pakistan experienced a consecutive decline for the second day this week, as reported by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) on Tuesday. According to the data, the price of 24-carat gold dropped by Rs. 200 per tola, reaching Rs. 220,500. Similarly, the price of 10 grams decreased by Rs. 171, […]
Image: GeoSuper.TV Nahida Khan who has represented Pakistan in 3 World Cups (50 overs) and 4 T20 World Cups has announced her retirement from the international cricket. Khan played her first match in Bogra, Bangladesh against Sri Lanka in 2009 and has been playing international cricket for more than 14 years now. Nahida Khan is […]
Image: The Current Pk Pakistan’s first air taxi is making the country proud by offering its services to Dubai and Saudi Arabia. The Karachi-based aviation company is about to launch a booking app in the coming week, a company spokesperson confirmed. Sky Wings Aviation from Karachi and Wind Speed International will offer an Internet service […]
The Utility Stores Corporation (USC) has taken a commendable step to provide relief to citizens by announcing a substantial decrease in the prices of branded ghee and cooking oil at its stores nationwide. This decision comes as a response to the escalating costs of essential food items, which have been weighing heavily on household budgets. […]
In a major development, Shell Petroleum Company Limited (SPCo) has announced its intention to sell its stake in Shell Pakistan Limited (PSX: SHEL), according to a recent stock filing at the Pakistan Stock Exchange. The decision was communicated to the Board of Directors of SPL during a meeting held on June 14, 2023. The filing […]
Image: File The remittances sent by overseas Pakistanis hit a three-month low in May as they reach $2.10 billion. A report by the State Bank of Pakistan (SBP) mentioned that this is 10.4% less than the remittances received during the same period last year, which was $2.35 billion. One of the major reasons for this […]
In the face of an ongoing economic crisis, Pak Suzuki Motor Company (PSMC) finds itself in another challenging situation. Due to a lack of inventory, the company has made the decision to suspend motorcycle assembly for five days. According to an official notification, the motorcycle assembly will be halted from June 12 to June 16. […]
In the midst of an economic crisis, numerous individuals are turning to online loan apps like Barwaqt Loan App, found on Google Play Store and social media platforms, to secure instant loans. However, these apps are proving to be nothing but traps for borrowers. The social media space is inundated with these deceptive apps that […]
Pakistan’s Finance Minister Ishaq Dar presented the budget for the fiscal year 2023-24 (FY24) on Friday, June 9, 2023, in the National Assembly. The total outlay of the budget is Rs14.46 trillion, according to the minister. The budget is being keenly watched as the government is caught between a painful fiscal adjustment reforms agenda set […]
