LAHORE: Financial globalisation has increased volatility in the foreign exchange market. If the country experiences huge capital inflows, the rupee will appreciate vis-a-vis the US dollar. These short-term flows affect
Government urged to extend tax return deadline by one month
After the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Islamabad Chamber, and All Pakistan Traders Association, the Rawalpindi-Islamabad Tax Bar Association has also demanded a one-month extension for
Framework being evolved to fund energy transition: SBP
LAHORE: State Bank of Pakistan (SBP) Governor Jamil Ahmed says a climate-driven banking framework is being worked out to facilitate energy transition finance. “Transition to renewable energy in countries like
IMF board stresses sustained programme implementation, widening tax base
The executive board of the International Monetary Fund (IMF) has stressed the “sustained implementation” of the new $7 billion bailout package, as well as broadening the tax base. The IMF’s
Toyota ends sponsorship with ‘political’ Olympics
Japanese auto giant Toyota is to end its top-tier Olympics sponsorship, its chairman has said, citing the sporting showpiece’s “increasingly political” influence that puts athletes on the back burner. Toyota
SBP receives $1bn IMF tranche as Pakistan wins more financing assurances from China, UAE, Saudi
The State Bank of Pakistan (SBP) on Friday said it had received a $1 billion tranche from the International Monetary Fund (IMF) under a new programme amid the government winning
Power demand has crashed, Nepra hearing told
ISLAMABAD: The electricity demand has officially crashed and it would more than nullify a nominal decline in fuel cost next month through a subsequent higher increase in quarterly tariff adjustment, apparently due
China admits economy facing new ‘problems’, vows to fix property sector
Chinese President Xi Jinping and other top leaders admitted Thursday that the world’s number two economy was facing new “problems” and vowed to resolve a long-running housing sector crisis. Beijing has
Pakistan strengthens automotive ties with China, eyes joint innovation in EV sector
Pakistan and China on Thursday agreed to enhance bilateral relations, with a particular focus on the rapidly growing automotive sector, Pakistan’s Consul General in Shanghai, Shehzad Ahmad Khan affirmed at
A great miracle exists in the business of journalism: facts are not suppressible
A RECORD number of newsrooms have signed up for World News Day 2024, recognising the positive influence of journalism the world over. More than 600 newsrooms and media associations across all