Aurangzeb says current account surplus was a little over USD1b in March this year Finance Minister Muhammad Aurangzeb on Tuesday said Pakistan’s economic growth will be about four per cent this fiscal year while speaking at the EU-Pakistan High Level Business Forum in Islamabad, according to Radio Pakistan. He noted that this represents a significant…
While Pakistan can continue reforming its tariff regime over the coming years before pursuing major bilateral agreements, it cannot afford to ignore regional developments. photo:file ISLAMABAD: The summit meeting between President Donald Trump and President Xi Jinping was overshadowed by rising tensions in the Middle East, yet trade issues remained high on the agenda. While…
RAWALPINDI: Commercial markets and cattle bazaars across the twin cities of Rawalpindi and Islamabad witnessed an unprecedented slowdown in commercial activity ahead of Eidul Azha, with traders reporting record-low sales of sacrificial animals as well as Eid shopping by women and children. Amid sluggish business, livestock traders announced substantial price reductions for sacrificial animals during…
Says working earnestly, painstakingly together with partners to find a peaceful solution to conflict Prime Minister Shehbaz Sharif. Photo: APP/ File Prime Minister Shehbaz Sharif on Monday urged all sides to exercise restraint and give peace a greater chance after Iran and Israel exchanged a fresh round of missiles. The statement came after Iran and…
Sindh Chief Minister Murad Ali Shah distributed compensation cheques to victims of the Gul Plaza incident at a ceremony held at the Chief Minister’s House in Karachi. SCREENGRAB KARACHI: Sindh Chief Minister Murad Ali Shah distributed compensation cheques to victims of the Gul Plaza incident at a ceremony held at the Chief Minister’s House in Karachi…
Says as good friend of Middle Eastern countries, China will continue to provide support China on Wednesday announced it would offer humanitarian aid to Iran and Lebanon, as the US and Iran move to end the war by signing a peace deal later this week. “China is deeply saddened by the humanitarian disaster” caused by…
At current prices, the looted gold is worth around $70 million. PHOTO: PIXABAY Gold and silver prices on Wednesday witnessed a sharp increase in both global and local markets after a three-day pause. In the international bullion market, the price of gold rose by $111 per ounce to reach $4,666. According to the All-Pakistan Gems…
Security forces killed four terrorists affiliated with the Indian-sponsored Fitna al-Khawarij in two separate intelligence-based operations (IBO) in Khyber Pakhtunkhwa, the military’s media wing said on Thursday. According to a statement issued by the Inter-Services Public Relations (ISPR), security forces conducted an IBO in Dera Ismail Khan district following reports of terrorist presence. “After an…
ISLAMABAD: The International Monetary Fund (IMF) has allowed Pakistan to pass on the impact of the remaining agreed Rs53-per-litre increase in petroleum levy in two phases, as the tax shortfall of the Federal Board of Revenue (FBR) has further widened to Rs683 billion in this fiscal year. According to an earlier understanding, the entire increase…
Govt committed to IMF that parliament will approve fiscal year 2026-27 budget in line with the staff level agreement The government has agreed to the need for a mini-budget if revenues fall short of expectations by end-December 2025, according to the IMF. Photo: file The International Monetary Fund (IMF) loaded the $7 billion bailout package…