Finance & Banking Archives

IMF has predicted a continuous decline in inflation in Pakistan

admin12 months ago01 mins

Islamabad: The International Monetary Fund (IMF) has predicted a continuous decrease in inflation in Pakistan. In a report, the IMF has estimated the average inflation in Pakistan to be in single digits for 5 consecutive years. The IMF has predicted that inflation will remain lower than the government’s target this fiscal year. The IMF expects…

Pakistan Stock Exchange Hits Record High of 86,513 Points During SCO Summit

admin12 months ago03 mins

Pakistan Stock Exchange Hits Record High of 86,513 Points Amid SCO Summit in Islamabad Islamabad: As the Shanghai Cooperation Organization (SCO) summit takes place in Islamabad, the Pakistan Stock Exchange (PSX) reached a historic peak. The PSX 100 Index surged to an all-time high of 86,513 points, marking a gain of 603 points from the…

4 million 78 thousand filed tax returns till October 8, FBR

admin12 months ago01 mins

The Federal Board of Revenue (FBR) has received 942,000 new tax filers from July 1 to October 8, 2024. According to FBR officials, more than 4 million 78 thousand people have submitted income tax returns till October 8. In the same period last year, the authorities had collected 20 lakh 67 thousand returns, while this…

Pakistan plans to borrow $3.2 billion foreign loan commitments for one year

admin1 year ago05 mins

Pakistan plans to borrow $3.2 billion in one-year foreign debt, including a Saudi oil facility. Pakistan promised a $1.2 billion oil facility to Saudi Arabia, a $1 billion commercial loan to Dubai Islamic Bank, a $600 million loan to SCB and a $430 million loan to Islamic Development Bank’s ITSC. Conveniently obtained. The borrowing plan…