March emerged as the most beneficial month of the current financial year for the country, as inflows from all sources increased, along with a 29 per cent rise in receipts through Roshan Digital Accounts (RDA). The State Bank of Pakistan (SBP) reported that inflows through RDA increased by $182 million in March, up 29pc from $141m in February, bringing the total to $7.660 billion, compared to $7
Amid supply chain challenges leading to the closure of refining units and storage constraints, the government has asked the Ministry of Interior and the Federal Board of Revenue (FBR) to start immediate operations against oil smuggling with the support of other stakeholders. Informed sources told Dawn the prime minister had also taken up the matter with the defence authorities to extend maximu
The World Bank projects that global commodity prices will fall 3 per cent in 2024, but the conflict in the Middle East could halt the inflationary decline. “The World Bank commodity price index is expected to fall 4pc in 2024, following a projected decline of nearly 24pc in 2023, the sharpest drop since the pandemic”, noted the latest Commodity Markets Outlook (CMO) released on Thursday. Ene
Following Finance Minister Muhammad Aurangzeb’s extensive visit to Washington, the United States and Pakistan renewed a key framework on Wednesday to promote bilateral trade. The Trade and Investment Framework Agreement (TIFA), signed in 2003, is a vital platform for addressing bilateral trade issues. The US and Pakistan concluded the 9th TIFA meeting in February 2023. The last intersessional t
After scaling an all-time high overnight, the benchmark KSE 100 index faltered despite a positive start on Tuesday amid reports of oil refining units shutting down and Shanghai Electric Power’s withdrawal of an offer to buy K-Electric. Ahsan Mehanti of Arif Habib Corporation attributed the depressed market performance to the expectations of prudent SBP monetary policy announcement next week ah