Stock market experiences strong bullish trend amid budget announcement
Pakistan Stock Exchange experienced a strong bullish trend following the budget announcement. On the first day post-budget, the market welcomed the new financial measures with…
Business
Finance Minister Muhammad Aurangzeb presents federal budget 2024-25 amid opposition slogans
Finance Minister Muhammad Aurangzeb is currently presenting his first federal budget in the National Assembly. Opposition lawmakers, who were absent in the previous few budgets,…
Gold price per tola increases Rs600 in Pakistan
Gold prices increased in Pakistan on Wednesday in line with an increase in the international rate. In the local market, gold price per tola stood…
PES 2023-24: Agriculture sector only saving grace in otherwise dismal year
Pakistan’s economy failed to meet most of its targets set in the previous budget due to challenging conditions, but the agriculture sector achieved unprecedented growth,…
World Bank approves $1bn billion additional financing for Dasu Dam
The World Bank’s Board of Executive Directors approved on Monday $1 billion in a second round of additional financing for the DASU Hydropower Stage I…
NEC approves 13th five-year development plan
The National Economic Council has approved in principle the thirteenth Five-year Development Plan. The Council’s meeting chaired by Prime Minister Shehbaz Sharif was held in…
SBP cuts policy rate by 150bps to 20.5%
The State Bank of Pakistan Monetary Policy Committee (MPC) on Monday reduced the policy rate by 150 bps to 20.5 percent, effective from June 11,…
IMF demands imposing tax on farm sector
The International Monetary Fund (IMF) has demanded more tax collection from provinces and imposition of the agriculture tax. According to sources, the IMF has urged…
IMF says talks continuing virtually with Pakistan for fresh loan program
The International Monetary Fund (IMF) is considering a new bailout package for Pakistan under its Extended Fund Facility (EFF), according to Julie Kozak, the IMF’s…
Fuel prices likely to decline again
People gather to get petrol at a petrol station, after Pakistan Petroleum Dealers Association (PPDA) announced a countrywide strike. According to media reports,Petrol and diesel…