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Business & Economy Updated 03 Sep, 2024 11:50pm

Plan for new taxes on traders won’t be taken back, says Finance Minister Aurangzeb

Urges wholesalers, distributors and retailers to contribute to economy

Business & Economy Updated 30 Aug, 2024 10:07pm

Pakistan inflation to fall to 9.5 to 10.5% in August, says finance ministry

Pakistan's inflation rate rose above 30% in 2023 and has not been in single digits since October 2021

Business & Economy Published 31 Jul, 2024 11:10am

Gain tax not to apply on properties purchased before July 1, 2024

The concept of holding period done away for purchases in new fiscal year

Business & Economy Published 28 Jul, 2024 05:47pm

Pakistan initiated talks on reprofiling Chinese power sector debt in Pakistan

Islamabad is looking to appoint local adviser in China for purpose

Business & Economy Published 25 Jul, 2024 02:35pm

SBP revises guidelines for transfer, performance of NPAs

Financial institutions will record instruments as consideration for of NPAs at fair value

Business & Economy Published 07 Nov, 2023 09:20am

Shared Workspace Giant WeWork Files For Bankruptcy

WeWork's shares were worth just 80 cents at the close of trading

Business & Economy Updated 18 Aug, 2023 05:11pm

Interim PM Kakar forms committee for revival of economy

Members from finance and planning ministries will be part of it

Business & Economy Published 06 Aug, 2023 09:58am

Pakistan’s economic woes leave textile industry in tatters

In 2022-2023, textile exports fell by 15 per cent to $16.5 billion

Business & Economy Updated 28 Jul, 2023 01:16am

Chinese bank rolls over $2.4b loan for two years, says Ishaq Dar

Finance minister cites Pakistan will make interest payments only in both years

Business & Economy Published 25 Jul, 2023 05:54pm

Pakistan’s friends to experience slower growth for two years

Oil and other commodity prices to fall in 2023 and 2024

▶️ Business & Economy Published 24 Jul, 2023 12:13am

SBP forex reserves likely to hit $14b by Dec 2023, says economist

Terms broadening of tax base and privatisation essential for economic progress

Pakistan Updated 24 Jul, 2023 08:46am

Dar first choice for interim PM as coalition agrees on appointing economic expert

Pakistan recently clinched last-minute IMF deal

Business & Economy Updated 30 Jun, 2023 09:00am

Pakistan-IMF reach $3 billion staff-level agreement, says Fund

Earlier, Ishaq Dar told Reuters the deal was going to be signed in 24 hours

Business & Economy Updated 27 Jun, 2023 08:46pm

Pakistan hopes for IMF bailout decision in a day or two

Finance Minister Ishaq Dar reiterates expectations that review 'will be done'

Business & Economy Updated 26 Jun, 2023 06:30pm

SBP raises key policy rate to 22%

Central bank notes potential upside risks to the inflation outlook have increased from the last meeting

Pakistan Updated 22 Jun, 2023 08:27pm

Finance Minister Ishaq Dar loses temper, hits journalist over IMF question

He also ordered guards to take away the journalist's phone

Business & Economy Updated 02 May, 2023 03:54pm

ADB pledges to support Pakistan’s economic recovery

President Askawa says Islamabad taking ‘quick’ required stabilisation measures

▶️ Business & Economy Updated 19 Apr, 2023 01:38am

Former finance czar backs elections in June-July to have next IMF programme

Pakistan needs around $30 billion on an annual basis for three years, says Hafeez Pasha

Business & Economy Published 14 Apr, 2023 09:49am

Pakistan hopes to seal key IMF bailout agreement soon

We can complete our current programme successfully, says Georgieva

Business & Economy Published 13 Apr, 2023 11:16pm

Pakistan reiterates it has completed all requirements for bailout

Finance minister says all international obligations have been addressed in time

World Published 13 Apr, 2023 02:22pm

India opens new investigation into BBC in widening crackdown

The tax raids in February had come close on the heels

Technology Published 06 Apr, 2023 03:10pm

Australia cancels Binance’s financial services licence amid probe

Retail investors are entitled to a higher level of regulatory protection

Business & Economy Published 06 Apr, 2023 11:00am

German banks hit by wave of complaints from savers

It received 15,000 complaints from consumers in Europe’s largest economy

Business & Economy Published 05 Apr, 2023 02:55pm

UBS tells investors shotgun Credit Suisse takeover a ‘major challenge’

the first merger of two globally systematically important banks

Business & Economy Published 05 Apr, 2023 02:51pm

Exclusive: Europe’s banks ramp up bespoke loan trades to reduce risk

These “significant risk transfer” (SRT) transactions are not new

Technology Published 04 Apr, 2023 11:48am

SK Hynix raises $1.7bln in convertible bond as chip slump deepens

the first such deal by the firm since it was acquired by energy

Business & Economy Published 01 Apr, 2023 03:11pm

ECB’s De Guindos warns of broad risks in financial sector

The European Central Bank (ECB) is monitoring broad

Business & Economy Published 01 Apr, 2023 02:24pm

Indexes jump on inflation data; Nasdaq posts best quarter since 2020

The S&P 500 closed at its highest level since Feb 15

Business & Economy Published 31 Mar, 2023 08:08pm

China rolls over $2b loan to Pakistan as it struggles with external liquidity

Formal confirmation of refinancing would be made after process was completed, says official

Business & Economy Published 29 Mar, 2023 02:33pm

Sergio Ermotti returns as UBS CEO to steer Credit Suisse takeover

rebuilding the bank after the global financial crisis.