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EconomyPakistan International Airlines (PIA) liabilities are projected to be around Rs380 billion, recording a 123 percent surge in the last five years when it stood at Rs170 billion
HeadlinesThe central bank seems happy with the present scenario, as the kerb market US dollar rate hovers below the inter-bank market rate and there is no adjustment as per market rate
EconomyAlso, the post of senior advisor has remained unoccupied for 1.5 years and had been left deserted by the previous government on the excuse that Pakistan had exited the IMF program
EconomyDuring FY18, the FDI posted a meagre increase of less than 1 percent, touching $2.76 billion
EconomyThe committee was told PHPL is entitled to pay Rs153 billion in annual interest on the loans obtained
EconomyA six-member visiting delegation of the Asia Pacific Group (APG) found some deficiencies in Pakistan’s systems, agencies, and laws to meet its global obligations against money laundering and terror financing but noted that progress was taking place
EconomyThe Federal Board of Revenue (FBR) officials deduced hiding of withholding taxes on share transactions since the brokerage commission on these transactions exhibited growth during FY18
EconomyThere are concerns two major power plants producing 10 percent of overall peak summer generation would shut down in a week’s time if their outstanding dues of Rs30 billion aren’t cleared
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