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Wednesday, February 5, 2025
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PakistanEconomy

Pakistan sees increase in remittances amid concerns over brain drain

The recent uptick in remittances has provided crucial support to Pakistan's struggling economy, which has been facing challenges such as soaring inflation, declining foreign...

Petrol and diesel prices expected to decrease from November 1.

Petrol and diesel prices are likely to see a reduction of Rs1.42 to Rs3.32 per litre starting November 1, 2024, thanks to a drop...

Finance Minister asserts no harassment in Tax collection efforts

Finance Minister Muhammad Aurangzeb reassured the public that tax recovery efforts would not involve harassment, emphasizing the need for new legislation to restrict non-filers...

IMF forecasts 3.2% GDP growth rate for upcoming fiscal year

Pakistan's economy is set to gain momentum, as the International Monetary Fund (IMF) projects a GDP growth rate of 3.2% for the fiscal year...

PM Shehbaz: Pakistan meets all conditions for IMF deal approval

Prime Minister Shehbaz Sharif stated on Tuesday that Pakistan is on the brink of finalizing an agreement with the International Monetary Fund (IMF), having...

FBR to target unregistered businesses starting October 1

The Federal Board of Revenue (FBR) has announced that it will begin taking action against unregistered businesses starting October 1. This initiative will specifically...

Inflation and falling purchasing power lead to significant decline in bank borrowing

As inflation continues to climb and purchasing power weakens, Pakistan faces a complex economic challenge that demands immediate action from policymakers. The sharp decline...

Government fails to obtain targeted loan in July

Pending approval of a $7 billion bailout by the IMF’s executive board, the government had a weak start in July, receiving only $436.4 million...

Flour mills started strike nationally against witholding tax

Flour mills in various cities across the country have halted wheat grinding and flour distribution starting today (Thursday), sparking concerns of a potential flour...

PM Shehbaz says IMF’s $1.1 billion tranche will aid economic stability.

Prime Minister Shehbaz Sharif remarked on Tuesday that the disbursement of the final $1.1 billion tranche from the International Monetary Fund (IMF) under the...

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