Mumbai: India’s foreign exchange reserves fell for the fifth straight week to a 10-month low of $634.59 billion as of January 3, data from the Reserve Bank of India (RBI) showed on Friday. Reserves decreased by $5.7 billion in the aforementioned week, after declining by a cumulative amount of $17.8 billion in the previous three … Read more
IslamabadThe government is preparing to resume the privatization process of Pakistan International Airlines (PIA) this week, aiming to revitalize the national carrier after years of financial struggles and regulatory challenges. An official at the Ministry’s Privatization Authority confirmed that the new phase will begin with the appointment of a financial advisor. The Privatization Commission board … Read more
The Federal Board of Revenue (FBR) has failed to meet its five-month tax collection target, missing Rs356 billion, with provisional collections standing at Rs4.28 trillion against the target of Rs4.64 trillion as of November 30. This represents a growth rate of less than 23%, well below the 40% required to achieve the annual target of … Read more
Justice Mansoor Ali Shah (left) and Chief Justice of Pakistan (CJP) Qazi Faiz Isa. —SC website Justice Shah says he is ignoring CJP Isa’s reference for “worrying reasons”. “CJP Isa has betrayed the sacred role of the judiciary as a check and balance of power.” “Issa’s actions demonstrated a blatant disregard for collegiality.” ISLAMABAD: Justice … Read more