International Monetary Fund (IMF) Middle East and Central Asia Director Jihad Azour on Wednesday expressed his confidence that the staff-level agreement between Pakistan and the international money lender would be signed "soon" following the board's approval. The remarks came during the IMF’s spring meeting held in Washington, which Finance Minister Ishaq Dar attended via Zoom from Islamabad, a
President Dr Arif Alvi on Wednesday censured the Federal Board of Revenue (FBR) for leaking the whistle-blower’s identity to the tax-evading private company which allegedly committed financial irregularities. The president ordered the FBR to submit a report within 60 days and also explain why the board failed to fully utilise the information provided by the whistle-blower to recover the maximum
Around 100 plants paid Rs99bn in capacity payments in Oct-Dec despite most of them operating at below 20pc ISLAMABAD: With almost two-thirds of power plants operating at less than 20 per cent utilisation factor, the National Electric Power Regulatory Authority (Nepra) on Wednesday notified ex-Wapda Distribution Companies (Discos) to charge 47 paise per unit to their consumers to mop up Rs15.5 b
Trading began on a positive note on Monday at the Pakistan Stock Exchange but a lack of investors’ involvement quickly drove the representative index of the listed companies down to the red zone. Arif Habib Ltd said stocks hovered on the lower side for the most part of the trading session. Share prices kept swinging in both directions before eventually closing in the red. Investors chose to sta
The 2023 spring meetings of the World Bank Group and the International Monetary Fund (IMF) begin in the US capital on Monday to consider “uncertainties and risks weighing heavily” on the global economy. The April 10-16 meetings at the IMF and World Bank headquarters will also focus on the effects of climate change, which is threatening lives and livelihoods around the world. The meetings bri