Resurgence of Covid-19 in different countries caused a much-needed blow to the international crude oil prices. If this trend goes on for another few days, the crude oil prices would skip below $100 per barrel.
Economy
The contribution of overseas Pakistanis to the economy is much bigger than the entire exports of the country while they are protecting the country from default by remitting record remittances of over $30 billion.
The MEFP would also contain certain prior actions that would be necessary for implementation before the IMF board takes up Pakistan’s case for approval and the subsequent disbursement of about $1 billion in July.
During Tuesday’s federal cabinet meeting, Finance Minister Miftah Ismail announced the next round of IMF discussions will begin tonight.
After a substantial depletion in foreign currency reserves, it appears that the central bank intends to restrict imports to conserve money.
ISLAMABAD: The rupee-dollar exchange rate continued to demonstrate volatility on Tuesday and the greenback further gained in the inter-bank by…
According to Sindh Sarafa Association, the price of the yellow metal jumped by Rs 1,450 per tola and settled at Rs. 147,250 on Monday.
The IMF officials believe that the revenue measures are insufficient to achieve tax collected target of Rs7.2 trillion.