Senator Ishaq Dar, Federal Minister for Finance and Revenue, directed the relevant authorities on Thursday to bring up appropriate legislation as soon as possible to allow the fast resumption of PIA flights to the United States of America (USA) and the United Kingdom (UK). According to a press release publishedRead More →
Following a failed insurrection by Russian mercenaries that cast doubt on President Vladimir Putin’s authority, global shares declined while gold increased, giving investors little choice but to concentrate on the larger macroeconomic picture. The MSCI All-World index (.MIWD00000PUS) was last down 0.l%, with drops in Europe driving the STOXX 600Read More →
ISLAMABAD : The Finance Bill 2023-24 was adopted by the National Assembly on Sunday, approving the proposed budget of Rs14.480 trillion for the next fiscal year. In an effort to secure outstanding monies, the budget was authorised under the strict supervision of the International Monetary Fund (IMF). With a resoundingRead More →
Reuters: ISLAMABAD The recently proposed budget for Pakistan received criticism from the International Monetary Fund (IMF) on Thursday, dealing a blow to the cash-strapped nation only two weeks before the end of its bailout programme. Pakistan hardly has enough foreign exchange reserves to pay for imports for a month. TheRead More →
Ahsan Iqbal, the federal minister for planning and development, claimed that Pakistan’s debt has surpassed its income. Federal Minister Ahsan Iqbal said that the PML-N administration was overthrown by cheating and that an amateur was installed in its place, which led to Pakistan’s current economic catastrophe. Iqbal was speaking toRead More →
On Friday, the price of gold climbed by Rs4,000 per tola, bringing it to Rs23,000. Gold prices climbed in keeping with the global market’s rising trend. According to the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24 carat gold jumped by Rs4,000 per tola to close atRead More →
According to early estimates from ship trackers, China and India’s imports of Russian crude oil in May reached an all-time high as consumers gorged on inexpensive supplies, lowering demand for oil from the Middle East and Africa. Before a summit of the Organisation of the Petroleum Exporting Countries and itsRead More →
Elon Musk, CEO of Tesla (TSLA.O), is set to visit China this week, according to three people familiar with the matter, for the first time in three years. Musk will meet with senior Chinese officials and see Tesla’s Shanghai site, according to two sources. It was unknown who Musk wouldRead More →
Reuters According to figures from the Central Bank, the amount of foreign investors who departed from Russia between March 2022 and March 2023 after selling their businesses there was close to $36 billion. Many of the biggest companies in the world have left or decreased their operations in Russia inRead More →
ISLAMABAD (Web Desk) – In comparison to the previous year, the country’s petroleum group imports had a notable decrease of 17.96% from July through April of FY23. According to statistics made public by the Pakistan Bureau of Statistics, the overall import value of the petroleum group decreased to $13.97 billionRead More →
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