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The International Monetary Fund (IMF) staff and Pakistan have reached a staff-level agreement on the fourth review of the $7-billion Extended Fund Facility (EFF) and the third review of the…
ISLAMABAD: The government on Wednesday appointed Mariam Kayani, a BPS-20 officer of Pakistan Administrative Service (PAS), as adviser to the executive director (ED) of the International Monetary…
ISLAMABAD: The International Monetary Fund (IMF) has highlighted significant distortions in tax systems that affect key economic decisions, noting that unrecovered value-added tax (VAT) can raise…
ISLAMABAD: The government has moved to overhaul the power sector regulatory regime amid growing solarisation, falling grid demand and mounting legacy capacity obligations, with Finance Minister…
KARACHI: Pakistan’s financial inclusion index rose to 59.5 in 2025 from preceding year’s 58.1, reflecting a further expansion in access to and use of formal financial services across the country.
ISLAMABAD: The government has set an ambitious target to nearly double SME financing to Rs2 trillion and increase the number of potential borrowers to 775,000 by June 2028, as the Finance Ministry…
ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives, Ahsan Iqbal on Wednesday called for stronger public-private cooperation to boost the economy, stressing that the…
ISLAMABAD: Defence Minister Khawaja Asif has called for “important decisions” regarding Khyber Pakhtunkhwa, accusing the PTI-led provincial government of abandoning its responsibility to confront…
KARACHI: Sindh Local Government Minister Syed Nasir Hussain Shah chaired an important meeting with a delegation of Chinese investors, during which detailed discussions were held on investment…
KARACHI: Pakistan Pharmaceutical Manufacturers Association (PPMA) has reported that the country’s medicine exports hit a three-year low of USD319.01 million in the fiscal year ended June 30, 2026…
Outstanding financing to small and medium enterprises (SMEs) increased by Rs23 billion to over Rs1.137 trillion by end-September 2026, as the government reviewed progress on expanding access to…
Scientific teams working separately in Vienna and Beijing have developed the world’s first two operating nuclear clocks in what they are calling an important advance in timekeeping that promises…
Sri Lankan shares closed lower on Wednesday, dragged by energy stocks. The CSE All-Share index settled 0.64% lower at 20,517.55 points.
Pakistan Navy seized narcotics worth approximately $96 million in two separate counter-narcotics operations in the Arabian Sea, the military’s media wing said on Wednesday.
MUMBAI: A shipment of Russian sunflower oil bound for India was cancelled and other cargoes have been delayed after attacks on Black Sea ports disrupted exports from India’s top supplier, an…
The government has proposed raising mortgage finance to 5% of gross domestic product (GDP) by 2035 from below 0.5% currently, alongside plans to build 300,000-400,000 housing units annually under a…
STOCKHOLM: Scientists Henri Kagan and Kenso Soai won the 2026 Nobel Prize in Chemistry “for the discovery of non-linear effects and autocatalysis in asymmetric organic synthesis,” the award-giving…
Gold prices in Pakistan decreased on Wednesday in line with their loss in the international market.
Finance Minister Muhammad Aurangzeb on Wednesday urged the microfinance sector to shift towards cashflow-based lending and make greater use of alternative data and digital credit scoring to expand…
ISLAMABAD: The Ministry of Information Technology and Telecommunication (MoITT) has proposed a tougher competition regime for the telecom sector, empowering the regulator to impose national roaming…
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