EconomyPSEs borrowed a startling Rs52 billion in July-August of FY19
PIA’s debt stood at Rs146 billion in FY18 against Rs122.4 billion in FY17 and debt of Wapda grew to Rs131.2 billion in FY18 from Rs81.4 billion in FY17
Sep 1, 2018
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Economy
EconomyTax regulator collected Rs506 billion taxes in July-August FY19
The tax regulator needs 15.5 percent growth to reach its target since its collection at end of FY18 stood at Rs3.842 trillion
Sep 1, 2018
EconomyOil refineries earned Rs500 billion under ‘deemed duty’ since 2002
Deemed duty was provided by the government as an incentive to make oil refineries upgrade their plants which would result in the production of environment-friendly and higher-grade fuel
Sep 1, 2018
EconomyPak becomes first to use multi-spectral imagery to map crops
Aug 31, 2018
EconomyEFTA agrees to initiate process for signing PTA with Pakistan
Pakistan’s exports to the trading bloc have recorded an average increase of 10.4 percent in the last five years
Aug 31, 2018
HeadlinesHaroon Oil, Gulf Oil reach strategic partnership
HOL will act as the distributor of GOMEL in Pakistan
Aug 31, 2018
EconomyFIA to undertake special audit of mega transport projects: Report
During the previous government's tenure, large transport projects were undertaken including Punjab’s capital city Lahore and various other cities with financial assistance from China
Aug 31, 2018
EconomyEnergy ministry recommends drastic cut of Rs22.94 in diesel price
Oil and Gas Regulatory Authority has proposed a decrease of Rs6 in the price of HSD to Rs106 per litre, Rs2 in the price of petrol to Rs93 per litre, 30 paisa in kerosene oil to Rs83.25 per litre and 70 paisa in the price of light diesel oil to Rs76 per litre
Aug 31, 2018
EconomyFinance Minister Asad Umar updates PM on condition of country’s economy
According to high-ranked government sources, if Pakistan doesn’t seek an IMF bailout, then the import of oil on deferred payments and rollover of maturing loans could be the preferred choices to cope with external sector challenges
Aug 31, 2018
EconomyAl-Haj obtains exclusive rights to assemble and market Proton vehicles in Pakistan
This agreement will bring in $200-300 million of investment in Pakistan
Aug 31, 2018
HeadlinesPower distribution companies T&D, non-payment losses a hefty Rs110 billion
Aug 30, 2018
HeadlinesNEPRA approves tariff raise of Rs0.36 per unit
Aug 30, 2018