A trader counts Pakistani rupee notes at a currency exchange booth in Peshawar, Pakistan. Reuters
Minister of State for Revenue Hammad Azhar on Thursday said that talks with International Monetary Fund (IMF) are at the final stage and its details would soon be shared with the parliament. The senate was informed that remittances this year will increase to $22 billion breaking the stagnant mode of the previous years.
Prime Minister Imran Khan has taken parliamentarians of the ruling Pakistan Tehreek-i-Insaf (PTI) and its allies into confidence on the $6 billion bailout package finalised with the International Monetary Fund (IMF) and overall economic policies of the government.
Pakistan Prime Minister Imran Khan’s government was set to present an austerity-focused budget on Tuesday, weeks after the country reached an agreement with the International Monetary Fund
Pakistan Prime Minister Imran Khan’s government vowed to collect more taxes and make cuts in spending in a closely watched budget presented to parliament Tuesday, weeks after reaching a deal with the IMF for a $6 billion bailout.
Taiwan’s export orders contracted for an eighth straight month in June, with global companies increasingly hesitant to make new investments in machinery as the China-US trade war wears on.
South Korea’s Hyundai Motor on Monday posted its steepest quarterly net profit gain in over seven years, as a weaker local currency helped lift US income, while new models boosted domestic sales.
Rising healthcare spending by the Chinese government helped Dutch health technology company Philips post better-than-expected sales growth for the second quarter (Q2), putting its shares among the top performers in Europe on Monday.