Tag: #Economy
Govt provides whooping increase in salaries, pensions
Finance Minister Ishaq Dar said that the minimum wage was proposed at Rs32,000 while the wages of government employees from Grades 1-16 ...Ishaq Dar unveils pro-people budget with no new taxes
Finance Minister Ishaq Dar presented the budget for the fiscal year 2023-24 (FY24) in the National Assembly. The minister said that the ...Federal budget for FY23-24 to be presented today
Federal Budget for the next fiscal year is to be presented on Friday. Finance Minister Ishaq Dar will present the budget in ...Bartering Our Way Out of the Dollar Trap
Pakistan is currently facing significant economic challenges, including a crippled economy, depleting foreign reserves, and a balance of payment crisis. However, the ...House Passes Debt Limit Bill in Bipartisan Vote to Avert Default
The House on Wednesday overwhelmingly passed legislation negotiated by President Biden and Speaker Kevin McCarthy to suspend the debt ceiling and set ...Govt provides huge relief to masses: POL prices decreased
The government on Wednesday reduced fuel prices by Rs5 to 8 per litre for the next fortnight in line with the global ...Plan B ready if no IMF deal, Pasha declares
Minister of State for Finance Ayesha Ghous Pasha termed statement of IMF mission chief Nahtan Porter as unusual who discussed domestic political ...German economy in recession after GDP falls: Statistics Office
BERLIN: Germany has gone into recession after high prices pushed the country’s economy into recession, per GDP figures for the first quarter. ...Pakistan’s Financing to be determined after the ninth review, IMF Chief
ISLAMABAD: The International Monetary Fund (IMF) has said the 9th review of the $1.2 billion bailout program for Pakistan will be completed ...Yuan overtakes US dollar, becomes most-used currency in cross-border transactions
SHANGHAI: Chinese Yuan becomes the most-used currency in cross-border transactions leaving behind the US dollar, according to official data. According to a ...