Govt exected to introduce a mini-budget for current fiscal year
The federal government is expected to introduce a mini-budget during the ongoing fiscal year as it has sent several proposals to the International Monetary Fund (IMF).
Govt rules out tax amnesty for smuggled vehicles
The Pakistani government has reassured the International Monetary Fund (IMF) that no tax amnesty schemes will be introduced concerning smuggled vehicles or asset declarations. There will be no tax exemptions, zero-rating, or tax credits granted, and no preferential tax treatment will be extended to any sector under this declaration. Focus
Finance ministry claims inflation rate falls to 10%
According to Ministry of Finance recent monthly economic update and forecast report, highlighted a number of encouraging developments in Pakistan’s economy. According to the analysis, it is anticipated that the rate of inflation would shortly drop to a single digit. In July and August, respectively, it projects inflation rates of
Fitch upgrades Pakistan’s credit Rating to CCC+ following IMF deal
WEB DESK: Global credit rating agency Fitch has upgraded Pakistan’s long-term foreign-currency issuer default rating (IDR) to CCC+ from CCC, a significant improvement driven by the country’s recent deal with the International Monetary Fund (IMF). The upgrade, confirmed on Monday, reflects greater certainty over the continued availability of external funding
PSX hits record high, surpasses 71,500 points
Concerns over escalating situation in Middle East have led to a cautious approach from international investors, exerting some negative pressure on the PSX.
PSX hits new milestone
In Karachi, the Pakistan Stock Exchange (PSX) achieved a significant milestone on Monday, surging past the 69,000 mark, propelled by various factors, notably stability in the economic landscape. The KSE-100 index, the benchmark indicator, recorded a substantial gain of 930.96 points or 1.36%, soaring to 69,347.74 points from its previous
