Latest IMF deal of $7 billion will have a positive impact on Pakistan’s capital markets
Latest IMF deal of $7 billion will have a positive impact on Pakistan’s capital markets By: Communicators – Business Team (July 14, 2024) The recent staff-level agreement between Pakistan and the International Monetary Fund (IMF) on a $7 billion extended fund facility (EFF) is creating a positive buzz in Pakistan’s capital markets. This 37-month deal, […]
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Pakistan reaches staff-level Extended Fund Facility Arrangement (EFF) with IMF for $7 billion
Pakistan reaches staff-level Extended Fund Facility Arrangement (EFF) with IMF for $7 billion By: Communicators – Business Team (July 13, 2024) The new $7 billion loan deal with the International Monetary Fund (IMF) is significant for Pakistan, as it is aimed at addressing the country’s economic challenges and promoting sustainable growth. The program includes several key measures: […]
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Curious case of corruption allegations in Sahiwal Coal Power Plant
Curious case of corruption allegations in Sahiwal Coal Power Plant By: Communicators – Business Team (July 13, 2024) A significant development has taken place regarding the allegations of corruption in the energy sector, specifically concerning the overpriced import of coal for the Sahiwal Coal Power Plant. The Islamabad High Court (IHC) has taken a proactive […]
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Significant volatility in prices continue to impact Pakistan’s overall inflation rate
Significant volatility in prices continue to impact Pakistan’s overall inflation rate By: Communicators – Business Team (July 13, 2025) Inflation in Pakistan has remained elevated, with short-term inflation recorded at over 23% year-on-year for the week ending July 11, 2024. This increase is largely attributed to rising food and electricity prices. Weekly Overview According to the […]
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IMF, Pakistan Discuss New Loan Program
IMF, Pakistan Discuss New Loan Program By: Communicators – Business Team (July 13, 2024) The International Monetary Fund (IMF) and Pakistan are continuing discussions on policy goals and actions that could form the basis of a medium-term home-grown reform program under the Extended Fund Facility (EFF) arrangement. Julie Kozack, Director of the Communications Department at the […]
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Government admits unemployment rising to 10.3%
Government admits unemployment rising to 10.3% By: Communicators – Business Team (July 12, 2024) The unemployment rate in Pakistan has surged to 10.3 percent, as reported by Finance Secretary Chaudhry Imdad Ullah Bosal during a briefing to the National Assembly Standing Committee on Finance. This figure, cited from the World Bank, contrasts with the International […]
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SBP updates FEM to support export oriented IT companies
SBP updates FEM to support export oriented IT companies By: Communicators – Business Team (July 12, 2024) State Bank of Pakistan (SBP) has updated its Foreign Exchange Manual (FEM) to support export-oriented companies, especially in the IT sector. These revisions, detailed in a circular from the Exchange Policy Department, aim to help these companies expand […]
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Good news – Pakistan & Azerbaijan to enhance bilateral investment volume
Good news – Pakistan & Azerbaijan to enhance bilateral investment volume By: Communicators – Business Team (July 12, 2024) The agreement between Pakistan and Azerbaijan to enhance their bilateral investment volume up to $2 billion marks a significant step in strengthening economic ties. During a joint press conference, Prime Minister Shehbaz Sharif and President Ilham […]
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Communicators Tax Advisory, Compliance & Consultancy Services
Communicators Tax Advisory, Compliance & Consultancy Services By: Communicators – Legal Team (July 12, 2024) At Communicators BMC (Private) Limited, we have a team or lawyers & tax consultants who have been successfully filing tax returns for clients , representing them in issues related with Customs, Federal Board of Revenue (FBR), and tax audit cases, […]
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X banned in Pakistan due to compliance issues
X banned in Pakistan due to compliance issues By: Communicators – Business Team (July 11, 2024) It was announced by Information Minister Attaullah Tarar during a Senate meeting that Pakistan’s caretaker government has banned the social media platform X (formerly known as Twitter) due to “compliance issues,”. This decision is part of a broader concern among […]
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