A customer at a foreign exchange outlet in Mirpur, Pakistan. Agence France-Presse
The Asian Development Bank (ADB) would provide a loan of $3.4 billion to Pakistan for budgetary support, a Minister has confirmed. The announcement was made by federal Minister for Planning,
The tranches were fully subscribed by a syndicate of leading UAE banks, the government statement said.
Despite repeated warnings and announcements from Prime Minister Imran Khan and other top functionaries of the government, the response on tax amnesty scheme is dismally low as so far over 2,000 declarations
Prime Minister Imran Khan has participated in Geo News’ special transmission on asset declaration scheme. He and his finance team responded to questions from the chambers of commerce of Karachi, Lahore, Faisalabad, and Balochistan in the live transmission.
European shares rose on Friday after upbeat industrial output data from Italy and France raised hopes of an economic recovery, even as a spike in coronavirus cases around the world kept gains in check.
As governments rushed out funding to prevent an economic collapse amid the coronavirus pandemic, global public debt swelled to the highest in history, but the IMF warned on Friday that cutting back too soon could undermine the recovery.
Construction Cost Index (CCI), remained unchanged in the first quarter of 2020 compared with the first quarter of 2019 with the index at 98.0 per cent in both corresponding quarters, according to official figures.