The International Monetary Fund (IMF) has rejected Pakistan’s proposal to impose a 1 percent water storage cess on all taxable goods to fund mega dam projects, and instead advised raising the 18 percent general sales tax rate if more development funding is needed.
he government planned to levy the cess...
The Pakistan Stock Exchange (PSX) extended its bullish momentum on Thursday, buoyed by strong institutional buying, renewed interest in blue-chip stocks, and investor optimism.
The benchmark KSE-100 Index surged 2,285 points or 1.68 percent to a new all-time closing high of 138,665.50 points as compare to its previous close of...
Security Leasing Corporation Limited (SLCL) said on Thursday that it was currently in the process of concluding some other settlement with regard to restructuring and revival of the SLCL.
“We are pleased to share an update on the substantial progress made in the restructuring and revival of SLCL, along with...
The International Monetary Fund (IMF) has asked the Ministry of Finance and the State Bank of Pakistan (SBP) to sit together and find a way forward for financing the Pakistan Remittances Initiative (PRI) - a scheme for facilitating remittances through formal channels.
This was revealed by the finance secretary, while...
The Pakistan Stock Exchange (PSX) maintained its upward momentum on Wednesday as investors engaged in select profit-taking, while maintaining interest in key growth sectors.
The KSE-100 Index advanced by 440 points or 0.32 percent to settle at 136,380 points as compare to its previous close of 135,939.87 points. During the...
The Pakistan Stock Exchange (PSX) witnessed a volatile trading session on Tuesday succumbed to profit-taking pressure and closed in negative territory after days of extending its record-breaking rally.
The KSE-100 Index ended on 135,940 points after losing 562.67 or 0.41 percent from the previous close of 136,502.54 points. The benchmark...
A senior International Monetary Fund (IMF) official said on Sunday that growth across the Middle East, North Africa (MENA) region and Pakistan was expected to strengthen in 2025 and beyond, despite "exceptional uncertainty" that could weigh on the global economic outlook.
In a comprehensive guest lecture at the Sustainable Development...
After a day’s pause, the Pakistan Stock Exchange (PSX) resumed its record-breaking momentum on Thursday, with the benchmark KSE-100 index closing at a new all-time high amid rising investor confidence driven by record remittance inflows and renewed access to Middle Eastern financing.
The KSE-100 index surged by 1,205.36 points, or...
In a renewed push to diversify funding sources and tap into China’s vast capital market, a Ministry of Finance team is holding high-level meetings in Beijing this week to attract investment for Pakistan’s debut Panda Bond issuance.
The outreach comes as Dubai Islamic Bank (DIB) has successfully arranged a $1bn...
