Rejection comes as Islamabad struggles to accommodated the altitude for accepting a staff-level agreement. The International Monetary Fund (IMF) has angry bottomward Pakistan’s appeal to abate taxes on acreage transactions, sources accustomed with the negotiations said on Monday. The bounce comes as Islamabad struggles to accommodated the altitude for acceptingContinue Reading
ISLAMABAD (Channel News) The federal government has chosen to close 1,100 loss-making utility retailers as part of its privatization agenda. The Senate Standing Committee on Industries and Production, led by Senator Aun Abbas, met to debate the future of the Utility Stores Corporation. According to the Ministry of Industries andContinue Reading
ISLAMABAD (Channel News Pakistan) – Finance Minister Muhammad Aurangzeb will oversee the Pakistan Crypto Council, which has been officially constituted by the federal government. According to the Ministry of Finance, the council’s goal is to formulate effective policies, encourage innovations, and maintain a safe financial system Bilal Bin Saqib, ChiefContinue Reading
SINGAPORE (Reuters) – Asia stocks gained on Friday, as global markets struggled to recover from a violent selloff, but gold reached a new high as global trade tensions escalated, making investors apprehensive and prompting a flight to safe-haven assets. Relief at the prospect of a US government shutdown buoyed marketsContinue Reading
On Wednesday, the Bank of Canada cut its main lending rate by 25 basis points to 2.75 percent, warning that “heightened trade tensions” might disrupt the year’s solid economic start. “The Canadian economy entered 2025 in a solid position,” with low inflation and “robust GDP growth,” the bank stated. “However,Continue Reading
Karachi (Channel News) Pakistan received a record $3.1 billion in remittances in February 2025, representing a 55 percent year-on-year increase from February 2014. This increase demonstrates the growing faith of Pakistanis living abroad in the country’s financial system, as well as the efficiency of initiatives that encourage formal remittances. SaudiContinue Reading
Finance Minister Muhammad Aurangzeb confirms the news in an interview at the World Economic Forum’s annual gathering. Another step in Pakistan’s efforts to obtain much-needed funding was taken Tuesday when Finance Minister Muhammad Aurangzeb said that the nation has finalized conditions for a $1 billion loan from two Middle EasternContinue Reading
On Friday, four of Canada’s largest lenders, along with six major US institutions, announced their withdrawal from a global climate alliance. The departures from the Net-Zero Banking Alliance began with Goldman Sachs’ statement on December 6, and they occur ahead of Donald Trump’s return to the White House next week.Continue Reading
The International Monetary Fund (IMF) predicts that Pakistan’s economy will rise by 3% in the current fiscal year. On Friday, the IMF issued its World Economic Outlook report, which included mixed economic estimates for the current and forthcoming fiscal years. According to the research, Pakistan’s economic growth is predicted toContinue Reading
According to Reuters, Singapore As traders rein in U.S. rate cuts in 2025 following robust economic data, the dollar hovered close to its best level in over two years on Tuesday. Meanwhile, market concerns over Britain’s fiscal health kept the weak pound in the forefront. The attention has been onContinue Reading
