The International Monetary Fund (IMF) has remained unsatisfied with the revenue and spending plans shared by Pakistan and has sought additional information, including details of shelved development projects that have now been taken up again as a top priority of the government. The global lender’s demands came amid frustration in Pakistani camp over the IMF’s insistence to share information of t
The shares market observed another range-bound session on Wednesday owing to a lack of participation from investors. Arif Habib Ltd said the market opened in the green zone but the index soon dipped into the red territory and stayed there for most of the trading session. Market participation was lower than the previous session as the trading volume remained dry in mainboard stocks. However,
The Ministry of Finance said on Tuesday that inflationary pressure is expected to marginally ease out month-on-month due to smooth domestic supplies, unchanged energy prices in November and a stable exchange rate. Further, the recent Kissan package has made an optimistic crop outlook which will decelerate food inflation in the months ahead. Moreover, the food supply chain disruption caused b
Textile exporters in Pakistan, like their regional counterparts, struggle to be merry this Christmas season, as a buying freeze abroad has hit all segments, from apparel, denim and knits to home textiles, though they hope things will get better in the coming months. “This time around, we did not get Christmas orders,” says Sohail Pasha, chairman of the Pakistan Textile Exporters Association.
Finance Minister Ishaq Dar on Wednesday said that Pakistan could become interest-free in five years as he urged the banking sector to move towards and promote Islamic banking. He expressed the views while addressing a seminar at the Federation of Pakistan Chambers of Commerce and Industry in Karachi where speakers spoke at length about interest-free banking. In April, the Federal Shariat Cou