The court also directed the Authority to return the money it had acquired from the government within two months.
Economy
Sale of sukuk bonds would boost the dwindling foreign exchange reserves of Pakistan and give support to rupee which is losing value and worth against dollar and other major currencies.
Energy tariff increases and the removal of tax exemptions in the Finance (Supplementary) Act are likely to keep year-on-year inflation elevated over the next few months, close to the upper end of the average inflation forecast of 9-11 percent in FY22.
FIA officials said the country’s biggest financial fraud was committed by the HPC in connivance with the NBP’s top management and other commercial banks.
So far, the government’s measures to curb imports and current account deficit have ended in failure, leading to massive increase in twin deficits _ trade and current account
ISLAMABAD: Considering the food crisis and prevailing situation of Afghanistan, the Economic Coordination Committee (ECC) of the cabinet today approved…
99 Paisas power tariff cut will be effective from Feb-April 2022 period to provide relief to power consumers
According to the SBP, the reserves have declined because of payment of external debt liabilities during second week of Jan 2022.