The government on Sunday said the International Monetary Fund (IMF) was scrutinising the judicial and regulatory system as part of the ongoing $7 billion Extended Fund Facility (EFF) to address governance and corruption vulnerabilities. A technical mission of the IMF is in town for a week-long examination of six key governance-related sectors and institutions, the Ministry of Finance said in a
Heavy selling swept through the Pakistan Stock Exchange (PSX) on Thursday as investor confidence took a beating in the face of concerns about foreign debt repayments and potential changes to the European Union (EU) Generalised Scheme of Preferences (GSP) Plus status. In the morning, trading opened on a positive note after a day's closure on account of Kashmir Solidarity Day and with modest buyi
Minister for Finance Muhammad Aurangzeb on Thursday stressed the need for adopting the policies framed to address climate change-related challenges on a fast-track basis by moving beyond "policy prescriptions." "There is no dearth of policy prescriptions; it is all about how and who. I sincerely hope this conference will address the operationalisation issues," he said at an international climat
Canadian miner Barrick Gold's overall proven and probable gold reserves jumped 23% to 17.4 million ounces at the end of 2024, lifted by its Reko Diq copper-gold project, the company said on Thursday. The company added 13 million ounces of gold to its probable reserves on an attributable basis following the completion of its feasibility study at Reko Diq. Barrick owns a 50% stake in the mine
Federal Minister for Commerce Jam Kamal Khan engaged in high-level meetings with Saudi officials to enhance economic cooperation and expand trade and investment opportunities between Pakistan and Saudi Arabia. The discussions took place on the sidelines of the 'Made in Pakistan' Exhibition and Business Forum in Jeddah. During a meeting with Abdul Aziz Alsakran, Deputy Governor of the General Au