Islamabad – The government has withdrawn the tender for importing 300,000 tons of sugar after the IMF refused to allow a tax exemption on imported sugar. According to Geo News, the Trading Corporation of Pakistan (TCP) has canceled the previous tender and instead issued a revised tender for importing 50,000 metric tons of sugar. For […]
Karachi – The Pakistan Stock Exchange (PSX) witnessed another record-breaking day today as the market continued its bullish trend. Since the beginning of the new fiscal year, there has been strong upward momentum in the PSX, with record-setting performance in the 100 Index observed last week. On the first trading day of the business week,
Another Record-Breaking Day at Pakistan Stock Exchange, Index Crosses 136,000 Mark Read More »
The government has announced new prices for petroleum products. According to the announcement, the price of diesel has been increased by Rs. 10.39 per liter and petrol by Rs. 8.36 per liter. After the hike, the new price of petrol is Rs. 266.79 per liter, while diesel will now cost Rs. 272.98 per liter. As
Government Announces Petroleum Prices for the Next 15 Days Read More »
Islamabad: Federal Finance Minister Muhammad Aurangzeb has stated that relief can only be provided in accordance with the country’s financial capacity. “We are doing everything through borrowing, and some national expenditures have been increased as per necessity,” he said. Speaking at a post-budget press conference in Islamabad, the Finance Minister said, “We tried to give
Islamabad: The federal budget for 2025–26 was approved during a meeting of the federal cabinet chaired by Prime Minister Shehbaz Sharif. According to sources, the cabinet approved a 6% increase in salaries for government employees and a 7% increase in pensions for retired employees. The budget document has been delivered to the Parliament House under
Federal Cabinet Approves Budget 2025–26 Read More »
Islamabad: Finance Minister Senator Muhammad Aurangzeb has released the National Economic Survey. The Finance Minister stated that Pakistan is moving toward economic stability, with GDP growth reaching 2.7% during the current fiscal year. The inflation rate stands at 4.6%. He noted that last year the policy rate was 22%, which has now been reduced to
Moving Toward Economic Stability: GDP Growth at 2.7%, Economic Survey Released Read More »