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ISLAMABAD: While cautioning about the widening current account deficit and mounting pressure on the country’s foreign currency reserves, the Ministry of Finance has called for resuming the collection of petroleum development levy and general sales tax (GST) from the consumers of petroleum products. Sources told The Express Tribune that the …

Finance Minister Miftah Ismail on Thursday said that the Pakistan Muslim League-Nawaz (PML-N) government is “committed to reviving the IMF programme and put Pakistan back on a sustainable growth path.” Ismail had returned from Doha, Qatar, where talks were being held between Islamabad and the fund from May 18th to …

An ongoing bailout deal between Pakistan and the International Monetary Fund (IMF) is “outdated” given a number of global crises, Foreign Minister Bilawal Bhutto-Zardari said on Wednesday, as the country struggles to implement targets set by the lender. He said it would be justified for Pakistan to plead this case …

KARACHI: The Federal Board of Revenue (FBR) on Wednesday took notice of the seizing of ‘luxury goods’ in small quantities from the luggage of the passengers arriving at the country’s airports, and issued fresh directives in this regard. In a statement sent to Chief Collectors of Customs Islamabad, Karachi, Peshawar, …

KARACHI: Pakistan’s central bank has increased the benchmark interest rate by 150 basis points to 13.75% for the next six weeks. At a scheduled meeting on Monday, the bank revised the rate upwards ahead of the likely revival of the International Monetary Fund’s (IMF) $6 billion loan programme, which has …

ISLAMABAD: The talks between the government and the International Monetary Fund (IMF) for the revival of the bailout package are moving at a snail’s pace as the economic managers are still waiting for the ‘big nod’ from Prime Minister Shehbaz Sharif which is crucial to bridging differences with the fund. …

Executive councillor Regina Ip says residents will find proposal hard to accept as more than 200,000 people had lost their jobs or were underemployed. Source link

Kiribati and at least one other nation in talks with Beijing, report says, citing intelligence official from US ally. Source link

China has yet to approve any mRNA vaccines, which have a much higher efficacy rate than ones made using older forms of technology. Source link