In the interbank market today, the US dollar gained value against the Pakistani Rupee. It increased by 4 paisas and closed at Rs. 282.21. Yesterday, the dollar had closed at Rs. 282.17, showing a minor but notable uptick. Meanwhile, the Pakistan Stock Exchange (PSX) witnessed historic activity ahead of the federal budget announcement. The KSE-100 […]
budget 2025
Reforms in pension policy: Family pensions limited to 10 years in budget 2025
The federal government has introduced key pension reforms in the Budget 2025-26. These changes aim to ease pressure on the national treasury. Finance Minister Muhammad Aurangzeb shared these updates during his budget speech. He explained that the pension system had seen several changes through executive orders over past decades. These changes increased the financial burden […]
Pakistan, IMF to begin budget talks tomorrow: relief for salaried class on the table
ISLAMABAD – Pakistan and the International Monetary Fund (IMF) will begin crucial budget talks on Wednesday, May 14, focusing on tax reforms, revenue targets, and economic relief measures. The discussions are scheduled to continue until May 23. The talks come just days after the IMF approved a \$1 billion loan tranche for Pakistan and agreed […]