Finance Minister made it clear that if the international market witnesses a hike in prices, the government will have to shift this burden onto the consumers.
Economy
The UBL management has shared this development with its shareholders and the Pakistan Stock Exchange (PSX) to fulfill a regulatory requirement.
World Bank’s preconditions for loan make it difficult for the government to go to Parliament once for making amendment in the law
The US Commerce Department said it is adding the companies to what is known as the Unverified List, and the companies are subjected to a tough export control because the US officials have been unable to do customary checks.
So far, 342,611 accounts have been opened from around 175 counties across different Pakistani banks. In the month of January alone, the overseas Pakistanis deposited $222mn into RDA, indicating the increasing confidence of NRPs.
Through Roshan Digital Account, overseas Pakistanis have invested $2.32 billion in Naya Pakistan Certificates because of an attractive rate of return on certificates, ranging from 9.5 to 11 percent.
For the coming budget (2022-23), IMF has suggested further increase in electricity, gas tariffs and domestic petroleum prices to enhance revenues
After the $29 billion loss, Zuckerberg ranks 12th on Forbes’ list of real-time billionaires, behind Mukesh Ambani and Gautam Adani.