President Aliyev announced while addressing the trilateral meeting, underscoring the historical and cultural bonds shared by the three nations.
Internationally, gold prices also slipped by $26
He said the delay in the budget presentation is due to the prime minister’s foreign visit
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The IMF highlighted key areas for reform, including a primary surplus target of 1.6%.
The Punjab government’s plan to launch Pakistan’s first bullet train service between Lahore and Rawalpindi faces significant challenges
The growth had come despite energy and economic challenges, and showed Pakistan’s rising role in the global clean energy movement.
Silver prices also increased
The price of 10 grams of gold also increased by Rs257, closing at Rs293,895.
The initiative, approved by Prime Minister Shehbaz Sharif, is expected to be announced in the upcoming federal budget.
The local price hike follows a similar increase over the weekend
The report highlighted that defense spending would rise to over Rs2.5 trillion, driven in part by heightened tensions with India.
According to insiders, the IMF cautioned that such a measure could exacerbate the country’s existing tax gap, especially at a time when revenue collection remains below targets.
Final duty rates subject to parliamentary approval.
The increase in domestic prices follows a minor upward movement in global rates
“This Green Sukuk issuance is a major milestone,” Aurangzeb said,
The industry experts believed that the surge was primarily driven by rising prices.
Despite India’s request to halt tranche, IMF approved it.
On a monthly basis, car sales in April 2025 stood at 10,596 units — reflecting a 1 per cent year-on-year rise but a 5% MoM decline.
Existing steel mill in Karachi was also constructed by Russia
This performance has exceeded all expectations, says analysts
The authority regularly revises tariffs based on changes in fuel prices
The package includes a $1b tranche under the ongoing (EFF) and a new $1.3b programme
The increasing intensity of the situation led investors to avoid investing in shares.
The benchmark KSE-100 index plunged by 6,349.618 points or 5.70% to 107,296.63 points.
Only 45% of the country’s gas demand is met through local production
