In a belt-tightening move, the federal government has imposed a “complete ban” on specific expenditures, including the purchase of new vehicles, machinery, and state-funded medical treatment abroad, a Finance Division
Cotton production plunges 60pc
LAHORE: A staggering fall of up to 60 per cent in the production of cotton both in Punjab and Sindh by Aug 31 has rung alarm bells in the textile
Amid traders’ resistance to tax reforms, finmin calls for ‘collective efforts’ from all sectors
Finance Minister Muhammad Aurangzeb on Tuesday stressed the need for “collective efforts” from all sectors while speaking about increasing the tax-to-GDP ratio amid resistance to tax reforms from traders. Traders
Tech market values fall on AI costs and recession fears; Eli Lilly, Berkshire gain
Market values of major tech firms declined in August amid concerns over escalating artificial intelligence infrastructure costs and rising recession risks that would make the stocks particularly vulnerable during a
Inflation falls to 34-month low at 9.6pc in August: PBS
Pakistan’s consumer price index (CPI) in August rose 9.6 per cent year-on-year (YoY), marking a 34 month-low, data from the Pakistan Bureau of Statistics (PBS) showed on Monday. The CPI measures household
Finance: The state of foreign investment
Net foreign investment inflows into Pakistan totalled $305 million in July 2024, the first month of FY25, from just $105.5m in July 2023. Terrific. But, can the country attract this
Finance minister unveils new incentives for foreign investors amid push for external financing
Finance Minister Muhammad Aurangzeb announced new policy measures on Thursday aimed at enhancing Pakistan’s investment environment and attracting foreign investors, according to Radio Pakistan. The finance minister chaired a review
Pakistan awards $2 billion KKH contract to China
ISLAMABAD: Pakistan on Thursday relaxed bidding rules to directly award a $2 billion contract to China for the construction of a strategically important road and also approved Rs78 billion in
The spiralling impact of electricity price hikes
The recent surge in electricity prices in Pakistan has ignited a complex chain reaction, threatening to destabilise the nation’s economic and social fabric. The ramifications of these tariff increases extend far beyond
Credit rating upgrade
THE decision by Moody’s to upgrade Pakistan’s long-term sovereign credit rating from Caa3 to Caa2 could not have come at a better time. The agency has also revised its outlook for the