The Government of Punjab has announced a major savings drive, cutting Rs35 billion from the health and education sectors to meet financial targets linked to International Monetary Fund (IMF) commitments. The decision includes surrendering unspent funds for the current fiscal year and eliminating nearly 150,000 vacant government positions. Officials say the measures are aimed at...
Pakistan has increased the size of its Eurobond issuance from $500 million to $750 million after receiving strong interest from international investors, signalling renewed confidence in the country’s economic outlook. The move marks a significant return to global capital markets after a gap of several years. Officials said the initial target of $500m was revised...
Gold prices in Pakistan declined sharply on Thursday, reflecting a downturn in international bullion markets. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola dropped by Rs 9,500 to Rs 494,662, while the rate for 10 grams fell by Rs 8,415 to Rs 424,092. The decline in local...
Pakistan has agreed to end currency controls gradually and relax restrictions on foreign exchange movement as part of commitments made to the International Monetary Fund (IMF), aiming to secure the release of a $1 billion loan tranche. Officials indicated that the move is intended to stabilise the economy amid rising inflation and external pressures caused...
Gold prices in Pakistan rebounded sharply, rising by Rs3,400 per tola in the latest trading session, while silver also recorded notable gains in both local and international markets. The increase comes after a significant drop a day earlier, highlighting continued volatility in the bullion market. According to market data, gold reached around Rs490,362 per tola,...
India has declared the Delhi explosion a terrorist act but stopped short of blaming Pakistan, prompting widespread “software updated” jokes online. The shift in tone sparked debates about regional tensions, India’s recent security posture, and the political implications of avoiding immediate accusations.
The government has announced the revised prices of petroleum products for the next 15 days. According to the Ministry of Finance, the price of petrol has been increased by Rs 2.43 per litre, while the price of high-speed diesel has been raised by Rs 3.20 per litre. The official notification stated that the new price...
Islamabad: Prime Minister of Pakistan has approved a reduction in petroleum product prices, providing relief to consumers across the country. Following the Prime Minister’s approval, the Ministry of Finance issued an official notification announcing the new prices, which have come into effect immediately. According to the notification, the price of petrol has been reduced by...
Funded projects increased by 3.6 percent, exceeding the World Bank’s forecast of 2.6 percent. Meanwhile, global growth is expected to decline to 3.1 percent in 2026 and 3.2 percent in 2025. ISLAMABAD: In addition to increased inflation and a growing current account deficit, the International Monetary Fund (IMF) on Tuesday projected Pakistan’s economic growth rate...