BUSINESS
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ADB projects Pakistan’s GDP to rise by 4% in fiscal year 2022
ISLAMABAD: Pakistan’s economic growth rebounded to 3.9% in fiscal year 2020-2021 and is expected to reach 4% in fiscal year...
Rupee holds steady as investors await MPC announcement
KARACHI: The rupee steadied against the US dollar in the inter-bank market on Friday as traders looked to the State...
President Alvi promulgates new tax laws containing fresh penalties for non-filers
ISLAMABAD: President Arif Alvi has promulgated new tax laws, empowering the authorities to disconnect mobile phones/SIMS, electricity and gas connections of...
Rupee slumps to an all-time low of 168.9 against dollar
KARACHI: An 85-paisa decline in the inter-bank market due to external payments pressures dragged the rupee to a record low...
Rupee drops to lowest level since August 2020
KARACHI: The Pakistani rupee depreciated to Rs168.02 — the lowest level since August 2020 — against the US dollar owing...
Remittances jump 27% to $2.65 billion in August
KARACHI: The inflow of workers’ remittances into Pakistan increased by 27% — which is a decade-high growth rate for the...
MSCI to downgrade PSX from Emerging Markets to Frontier Markets
NEW YORK: In line with market expectations, the Morgan Stanley Capital International (MSCI) announced that it will reclassify the MSCI...
Govt scales back Kamyab Pakistan Programme after IMF’s objections
ISLAMABAD: The federal government has scaled back the Kamyab Pakistan Programme (KPP) in view of the objections raised by the...
PM Imran Khan confident FBR can ‘comfortably’ achieve annual tax target
ISLAMABAD: Prime Minister Imran Khan is confident that the Federal Board of Revenue (FBR) can "comfortably" collect its annual tax...
PM Imran Khan welcomes foreign investment worth $85m in Pakistani start-up Airlift
ISLAMABAD: Prime Minister Imran Khan welcomed on Friday a recent investment worth $85 million by the world’s leading Venture Capitals (VCs)...
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