The rupee on Monday continued losing its value despite falling demand for US dollars in the interbank market. The State Bank of Pakistan (SBP) reported the greenback closed at Rs287.55 after gaining 52 paise over last session’s Rs287.03. The local currency has weakened by four per cent against the dollar since the start of the declining trend in mid-October. Currency experts and dealers have
With policy-level discussions boiling down primarily to external financing gap, the visiting staff mission of the International Monetary Fund (IMF) has started direct communications with key bilateral partners to confirm their committed support to Pakistan, including rollovers and additional flows, during the current fiscal year. On the first day of policy-level talks, caretaker Finance Ministe
The perception that few among the 35,000-odd computer science graduates the country produces every year are actually skilled was reinforced on Saturday at +92Disrupt, a two-day startup and technology conference held by Katalyst Labs. The CEO of one of the country’s largest software houses made a 30-minute presentation to drive home a single point: computer science programmes run by Pakistani un
Pakistan’s top tax authority has unveiled an ambitious plan to the International Monetary Fund to bring 1.5 million new taxpayers into the net by the end of June 2024. The blueprint of the strategy, which was shared during the technical-level discussions with IMF officials, represents a significant milestone in Pakistan’s efforts to bolster its fiscal framework, a senior tax official told Dawn
Fourteen years ago, in FY10, Pakistan’s top 10 destinations for goods exports included the USA, UAE, Afghanistan, China and the UK, respectively. A decade later, in FY20, the top five export destinations changed a bit. The USA remained top but was followed by China, UK, UAE and Germany. Afghanistan disappeared from the list, data compiled by the State Bank of Pakistan reveals. These five countries