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    Pakistan eyes 3.6% growth for next year, inflation to dip to 12%

    Pakistan eyes 3.6% growth for next year, inflation to dip to 12%

    01 Jun 2024

    Pakistan’s Planning Ministry said on Friday that the economic outlook for the next year was positive, with a growth target of 3.6%, while inflation was likely to moderate to 12%....

    Business collaboration is way to further boost UAE-Pakistan relationship: Tirmizi

    Business collaboration is way to further boost UAE-Pakistan relationship: Tirmizi

    30 Mar 2024

    Gulf Today, Staff Reporter Pakistan’s Ambassador to the UAE, Faisal Niaz Tirmizi, paid rich tributes to the founding father of the UAE, late Sheikh Zayed Bin Sultan, on Zayed...

    Pakistan, IMF reach deal for releasing $700m from $3b bailout fund

    Pakistan, IMF reach deal for releasing $700m from $3b bailout fund

    16 Nov 2023

    Pakistan and the International Monetary Fund (IMF) reached a much-awaited preliminary agreement for the release of $700 million from a $3 billion bailout fund approved by the international lender...

    Pakistan inflation stays high at 26.9 per cent y-o-y in October

    Pakistan inflation stays high at 26.9 per cent y-o-y in October

    01 Nov 2023

    Pakistan’s consumer inflation in October was 26.9 per cent year-on-year (y-o-y) compared with 31.4 per cent in September, statistics bureau data showed on Wednesday, as it awaits its first review...

    Massive relief: Pakistan cuts petrol price by Rs40 and diesel by Rs15

    Massive relief: Pakistan cuts petrol price by Rs40 and diesel by Rs15

    15 Oct 2023

    Gulf Today Report The caretaker government of Pakistan late on Sunday cut the prices of petrol and diesel owing to the decreasing trend of petroleum prices in the international...

    Tax the rich to protect the poor, IMF chief tells Pakistani PM on sidelines of UNGA

    Tax the rich to protect the poor, IMF chief tells Pakistani PM on sidelines of UNGA

    21 Sep 2023

    Pakistan, which is surviving on an emergency financial arrangement by the International Monetary Fund (IMF) and trying to revive its crippling economy through taxes reform mechanism, has been told...

    Pakistan rupee falls to all-time low of 300 against US dollar

    Pakistan rupee falls to all-time low of 300 against US dollar

    24 Aug 2023

    The Pakistan rupee ended at a record closing low of 300.2 on Thursday, breaching a psychological barrier of 300 to the US dollar, central bank data showed, amid a...

    Pakistan welcomes arrival of first shipment of discounted crude oil from Russia

    Pakistan welcomes arrival of first shipment of discounted crude oil from Russia

    13 Jun 2023

    The Pakistani government on Monday welcomed the arrival of the first shipment of discounted crude from Russia under a key deal between Islamabad and Moscow. Prime Minister Shahbaz Sharif...

    Pakistan central bank leaves key rate unchanged, signals tightening pause

    Pakistan central bank leaves key rate unchanged, signals tightening pause

    12 Jun 2023

    Pakistan’s central bank kept its key interest rate unchanged on Monday, in line with market expectations, and signaled that it would pause its tightening cycle as record-high inflation may have...

    Pakistan unveils $51b budget, approves up to 35% raise in wages of government employees

    Pakistan unveils $51b budget, approves up to 35% raise in wages of government employees

    09 Jun 2023

    Tariq Butt / Agencies Pakistan's federal government unveiled a Rs14.5 trillion (around $50.5 billion) budget on Friday, with over half set aside to service Rs7.3 trillion of debt. Pakistan's...

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