As Pakistan grapples with devastating floods, a senior International Monetary Fund official confirmed an upcoming mission will evaluate if the country’s financial and emergency plans are adequate to handle the crisis, shortly after the finance minister signalled talks with the lender for relief. An IMF team is expected in Pakistan by the end of the month for a review mission, Federal Minister
The Faceless Customs Assessment (FCA) system, inaugurated by the prime minister last year in Karachi to combat corruption, has incurred a revenue loss of about Rs100 billion in three months. This was revealed in a detailed analysis by the Pakistan Customs Audit — an internal arrangement of the Federal Board of Revenue — spanning December 16, 2024 to March 15, 2025. “The scrutiny of 13,140 go
Federal Commerce Minister Jam Kamal Khan reached Tehran on Sunday for a three-day official visit to boost economic relations between Pakistan and Iran, according to a press release from the commerce ministry. Pakistan and Iran share close ties and have signed multiple agreements across sectors such as energy and trade. According to the press release, Khan is expected to lead the Pakistan-Ira
Business stakeholders have expressed divergent views on the impact of floods on supply chains, with some citing delays in interprovincial cargo movement and crop damage, while others insist supplies of food, fuel and medicines remain normal. The federal government has already imposed a climate change and agriculture emergency after floods in Punjab moved downstream towards Sindh, heightening fe
President Asif Ali Zardari on Saturday reaffirmed Pakistan’s readiness to work with China and other nations to expand cultural exchanges, strengthen creative industries and promote understanding and a culture of tolerance. He said culture remained a vital bridge to peace, prosperity, and a shared future for humanity. The president addressed the Second Golden Panda Awards International Cult