Pakistan has successfully completed the repayment of $1 billion towards its International Bond on April 12, 2024, as announced by the State Bank of Pakistan (SBP) on Saturday.
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Top stories featuring the most important and trending news updates from politics, business, world affairs, and breaking events across various sectors.
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Positive Sentiments Expected on PSX as New IMF Talks Approach
Karachi, April 13, 2024 – The Pakistan Stock Exchange (PSX) is anticipated to witness a surge in positive sentiments next week as talks with the International Monetary Fund (IMF) regarding a loan program are set to commence.
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Escalating Middle East Tensions Propel Oil Prices to 6-Month High
Oil prices surged to a six-month high, reaching levels not seen since October, as escalating tensions in the Middle East sent shockwaves through global markets.
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Aurangzeb Briefs PM Shehbaz on Upcoming IMF Meeting
Finance Minister Muhammad Aurangzeb on Friday provided Prime Minister Muhammad Shahbaz Sharif with a comprehensive briefing on the impending meeting with the International Monetary Fund (IMF).
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Pakistan Faces 4.8% Drop in Registered Prize Bond Investments
In a concerning development for Pakistan’s financial landscape, data released by the State Bank of Pakistan (SBP) reveals a notable 4.8 percent decline in registered prize bond investments by the end of February 2024 compared to the same period the previous year.
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FBR Set to Launch Income Tax General Order for Non-Filers
Karachi, April 12, 2024 – The Federal Board of Revenue (FBR) is gearing up to launch an Income Tax General Order aimed at identifying and penalizing non-filers who possess taxable income but have failed to file their income tax returns.
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Asian Development Bank Projects 1.9% FY24 Growth for Pakistan
Islamabad, April 11, 2024 – The Asian Development Bank (ADB) has released its flagship Asian Development Outlook (ADO), forecasting a GDP growth rate of 1.9 percent for Pakistan during the fiscal year 2023-24.
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FBR to Publish List for Blocking Phones and Power Connections
Karachi, April 11, 2024 – The Federal Board of Revenue (FBR) will publicly disclose a list of non-filers and take stringent measures, including the blocking of phone, electricity, and gas connections, as part of its crackdown on tax evasion.
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Govt Borrowing Skyrockets by 138% to Rs 4.84 Trillion in 9MFY24
Karachi, April 11, 2024 – Official data reveals a staggering surge in government borrowing from the banking system, soaring to Rs 4.84 trillion during the initial nine months (July – March) of the fiscal year 2023-24.
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WTO Warns Geopolitical Tensions Pose Risks to Trade Rebound
The World Trade Organization (WTO) released a report today with a cautiously optimistic outlook on global trade. While a rebound is expected this year following a 2023 contraction, the WTO warns that geopolitical tensions and policy uncertainty could hinder progress.
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