The Ministry of Finance, in collaboration with the Controller General of Accounts and the Accountant General Pakistan Revenues, has undertaken a series of initiatives aimed at improving the pension disbursement system for overseas Pakistani retirees. According to a document available with Wealth Pakistan, the government is addressing longstanding issues related to pension disbursements, data integration […]
finance
Pakistan’s liquid foreign reserves rise to $19.85 billion
KARACHI – Pakistan’s total liquid foreign reserves increased to $19,853.5 million as of 17 October 2025, according to the State Bank of Pakistan (SBP). The central bank’s own foreign reserves rose by $14 million to $14,455.2 million during the week, while commercial banks’ net reserves grew by $28.6 million to $5,398.3 million. Read More: US […]
Finance minister explains why MNCs are leaving Pakistan
Finance Minister Muhammad Aurangzeb has said that while some multinational companies have exited Pakistan, new investors – particularly from the Middle East – are showing interest in the country’s economy. In an interview with a private news channel on Wednesday, the finance minister noted that multiple factors drove the recent exits of several multinationals from […]
PSX Surges as IMF Loan Deal Boosts Investor Confidence
KARACHI – The Pakistan Stock Exchange (PSX) continued its bullish run on Thursday after investor confidence was boosted by the staff-level agreement between Pakistan and the International Monetary Fund (IMF) for a $1.2 billion loan package. During intraday trading, the KSE-100 index surged by 685.25 points, reaching 166,371.63 points, up 0.41 percent from the previous […]
Bitcoin drops 8% as Trump’s tariff war with China rattles global markets
NEW YORK – Bitcoin, the world’s biggest cryptocurrency, dropped 8.4% on Friday after US President Donald Trump intensified his trade fight with China. Trump announced 100% tariffs on Chinese exports to the US and new export controls on “critical software,” following China’s limits on rare earth exports used in tech and manufacturing. Read More: Crypto […]
Taiwan extends short-selling ban to calm markets after US tariff shock
Taiwan has extended its short-selling restrictions for another week to stabilize its stock market after recent US tariff turmoil. The move follows sharp market swings triggered by the tariff announcement and a brief rebound after President Trump paused the policy. The Financial Supervisory Commission said the short-selling curbs helped stop panic selling and brought some […]
Al-Ghazi tractors reports Rs3.54bn profit, up 36% YoY
Al-Ghazi Tractors Limited reported a profit after tax of Rs3.54 billion for the fiscal year 2024, marking a 35.63% year-on-year (YoY) increase from Rs2.61 billion in the previous year. The company’s earnings per share (EPS) also rose significantly to Rs61.11, up from Rs45.06 in FY23, indicating strong profitability. Revenue remained steady at Rs34.57 billion, showing […]
Sindh government to pay advance salaries before eid
The Sindh government will give advance salaries to all public sector employees in the province. This decision helps workers prepare for the upcoming Eid celebrations. Reports say the move aims to ease the financial stress on government employees during this festive time. A notification from the provincial government states that the advance salaries will be […]
UK finance minister says ‘not going anywhere’ amid talk of new U-turns
London: Britain’s beleaguered finance minister insisted Thursday he was safe in his job but endured a rebuke in Washington from the International Monetary Fund over his misfiring economic policies. While Kwasi Kwarteng said “100 percent, I’m not going anywhere”, Prime Minister Liz Truss was reportedly casting around for a replacement chancellor of the exchequer to […]
Dar reaffirms to honor all commitments, rejects speculation to approach Paris Club
ISLAMABAD: Minister for Finance and Revenue Senator Muhammad Ishaq Dar here on Sunday reaffirmed the government’s resolve to fully honor all the commitments made with International Monetary Funds (IMF) and other creditors, besides addressing the issues faced by the local business community. Addressing a press conference, the minister also categorically dismissed the speculation with respect […]