Miftah Ismail highlights key reasons behind rupee fall
Miftah Ismail, Former Federal Minister for Finance, has pointed out key reasons behind the massive depreciation in Pak Rupee (PKR) against the dollar.
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Tag: IMF
This tag provides stories related to IMF. Pakistan Revenue is committed to provide all updated related to IMF stories on Pakistan.
Weekly Review: market to eye IMF package
KARACHI: The stock market to wait for the IMF package during the next week, which is current stalled. Analysts at Arif Habib Limited said that despite noise gaining traction on the economic front, they believe there is some silver lining; 1QFY22 fiscal deficit declined by 9.2 per cent YoY whereas local production also appears under […]
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Weekly Review: market may stay positive on IMF deal
KARACHI: The stock market likely to stay positive during the next week owing to expectation of IMF and Pakistan reach agreement. Whereas, current macro-economic concerns such as higher inflationary reading due to jump in petroleum prices could keep the market range-bound. Analysts at Arif Habib Limited said that the market to remain positive in the […]
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Full plan pivotal to regain economic glory: Tarin
KARACHI: Shaukat Tarin, Advisor to Prime Minister on Finance and Revenue, on Friday said that comprehensive economic plan is pivotal to regain Pakistan’s economic glory. “Comprehensive economic plan and political will was pivotal in order to regain country’s lost economic glory,” he said. He stated this while addressing as a chief guest at 18th Annual […]
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Weekly Review: stock market likely to remain positive
KARACHI: The stock market is likely to stay positive during the next week as the IMF and Pakistan expected to reach an agreement. Analysts at Arif Habib Limited said that the market to remain positive in the upcoming week. With IMF and Pakistan expected to reach agreement soon, the investor sentiment is anticipated to remain […]
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No deadlock in Pakistan, IMF talks: spokesman
ISLAMABAD: The ministry of finance on Sunday rejected a news story regarding failure of talks between Pakistan and the International Monetary Fund (IMF), said there was not any deadlock with the IMF. Finance ministry spokesman Muzammil Aslam, in a statement, said that there was not truth in news about the deadlock, adding that the talks […]
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GST exemption on various goods may be withdrawn
Pakistan’s Federal Board of Revenue is likely to withdraw exemption and concession of general sales tax (GST) granted on many consumable items. The consumption tax may be withdrawan on the supply of goods to generate an estimated revenue of Rs334 billion, news reports suggested. The exemption of GST may be withdrawn on supplies of various […]
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IMF starts distributing largest ever $650 billion allocation
Washington, DC: International Monetary Fund (IMF) on Monday started distribution of the largest ever allocation of $650 billion to provide additional liquidity to the global economic system. Ms. Kristalina Georgieva, Managing Director of the IMF made the following statement on Monday: “The largest allocation of Special Drawing Rights (SDRs) in history—about US$650 billion—comes into effect […]
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Rupee makes 42 paisas gain against dollar
KARACHI: The Pak Rupee (PKR) made a gain of 42 paisas against the dollar on Wednesday after witnessing deterioration in first two days of the week. The rupee ended Rs163.47 to the dollar from previous day’s closing of Rs163.89 in the interbank foreign exchange market. The local currency lost Rs1.46 against the dollar during first […]
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Rupee weakens by 22 paisas in interbank
KARACHI: The Pak Rupee (PKR) ended down by 22 paisas against the dollar on Tuesday as demand for external payment remained high. The rupee ended at Rs163.89 to the dollar from previous day’s closing of Rs163.67 in the interbank foreign exchange market. Currency experts said that the external payment had put pressure on the local […]
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