Aurangzeb says this would help reinforce foreign exchange reserves, strengthen the country’s external account Finance Minister Muhammad Aurangzeb along with the Governor, State Bank of Pakistan and Pakistan’s Ambassador to the United States, held a detailed meeting with Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan. PHOTO: MINISTRY OF FINANCE ON X The Kingdom of Saudi…
As 2025 comes to a close, the city grapples with consequences of unfinished development projects — broken roads, blocked sewers, and rising pollution continue to endanger public health. Photo: Express ISLAMABAD: The government has further deepened the cut on the development budget to Rs173 billion, or 17% of annual allocations. The move aims to offset…
ISLAMABAD: Federal Minister for Power Awais Ahmed Khan Leghari has said that nearly 25% of Islamabad Electric Supply Company (Iesco) consumers have been equipped with Advanced Metering Infrastructure (AMI) meters, which amounts to around 1.1 to 1.2 million meters and is a key step towards modernising the power sector. Speaking during his visit to the…
Interior minister says if traders act decisively, up to $10b could return to Pakistan before upcoming budget KARACHI: Interior Minister Mohsin Naqvi on Tuesday urged the business community to repatriate a portion of overseas-held wealth, estimating that nearly $100 billion has been moved out of the country over the past three to four years. Addressing business…
The International Monetary Fund logo is seen during the IMF/World Bank spring meetings in Washington, U.S., April 21, 2017. REUTERS ISLAMABAD: The International Monetary Fund (IMF) on Tuesday lowered Pakistan’s economic growth forecast to 3.5% and increased inflation projection to 8.4% for the next fiscal year due to the Middle East conflict, as it does…
At current prices, the looted gold is worth around $70 million. PHOTO: PIXABAY Gold rose more than 1% on Tuesday, recovering from a near one-week low hit in the previous session, as hopes of a resolution to the war in Iran weighed on the dollar and eased inflation concerns as oil prices eased. Spot gold…
Iran renewed attacks on the United Arab Emirates on Tuesday, causing oil loading at the port of Fujairah to be at least partly halted after the third attack in four days. FILE IMAGE: PIXABAY LAHORE: A renewed surge in global oil prices following the end of Islamabad-mediated talks between Washington and Tehran has wiped out…
Submits call attention notice in upper house, asks IT minister when licences will be issued ISLAMABAD: Prolonged delay in issuing licences for satellite-based internet services will be debated in the Senate as a senator has submitted a call attention notice seeking explanation from the federal minister for information technology. “I would like to draw the…
Decline was largely driven by a 23% month-on-month drop in Pak Suzuki Motor Company (PSMC) sales Indus Motor CEO has pleaded for rationalising the tax structure for locally manufactured vehicles to create a level playing field with the imported used cars. photo: file KARACHI: Pakistan’s car sales clocked in at 15,531 units in March 2026,…
Strong dollar, inflation fears hit bullion; US-Iran talks collapse also weighs in At current prices, the looted gold is worth around $70 million. PHOTO: PIXABAY KARACHI: Gold prices in Pakistan declined on Monday, tracking losses in the international market, as a stronger US dollar and renewed inflation concerns dampened investor sentiment following the collapse of…