EconomyPTI aims to resuscitate PSEs by creating wealth fund
The likely finance minister said the PSEs have been bleeding the national exchequer to the tune of Rs1,100 billion losses with Pakistan Steel Mills topping the list
Jul 31, 2018
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Economy
HeadlinesInterim government contemplating to keep oil prices unchanged
The second proposal involves increasing prices of high-speed diesel (HSD) and petrol by Rs2.10 as determined by Ogra and a final decision in this regard will be taken on Tuesday
Jul 31, 2018
EconomyTax amnesty scheme results in Rs115 billion tax collection
The FBR has fetched Rs97 billion from these declarants, of which Rs36 billion have been retrieved on overseas assets, Rs61 billion on domestic assets and $40 million has been repatriated
Jul 31, 2018
EconomyNepra saddled by additional Rs112 billion circular debt in FY17
The report stated capacity payments to private power companies stood at Rs280 billion in FY16, rising to Rs350 billion in FY17 and Rs490 billion in FY18 respectively
Jul 30, 2018
EconomyPakistan seeks record IMF bailout of $10-12 billion: Financial Times
According to Western analysts, the local currency is still overvalued and needs to further depreciate by 10 percent
Jul 30, 2018
Economy$4.5b credit financing facility extended by IDB to boost oil imports
During the last financial year 2017-18, the ITFC had extended four facilities for crude oil imports valuing at $870 million, according to EAD statistics
Jul 30, 2018
EconomyDeclarations to whiten domestic, foreign assets gain momentum after elections
Since July 1, FBR has received more than 2,500 declarations until July 27. The number of declared assets was also not significant. The declarants have paid around Rs11 billion in taxes so far this month
Jul 30, 2018
HeadlinesNepra directs K-Electric to decrease tariff by Rs1.172 per unit
The power regulator in its newest calculation shared K-Electric was bound to recommend modification of tariff to transfer of profits founded on an asset base of Rs27.5 billion for FY 2014-15 but failed to submit the request for adjustment
Jul 28, 2018
EconomyPrevious govt gave go-ahead to $1.6b incentives for oil refinery in Hub
Parco executives said a $5 billion investment would yield monetary benefits to the tune of $84 billion in shape of foreign currency savings on imports, a contribution of petroleum levy/sales tax and share in profit for the Pakistani government
Jul 28, 2018
EconomyChina sanctions $2b loan for Pakistan to stem decline in forex reserves
The sources shared $1 billion had already been received in the SBP’s accounts and would be shown in the reserves data to be released next Thursday (August 2nd)
Jul 28, 2018
HeadlinesApex court seeks written replies from occupants in petrol pump allotment case
LDA has leased out government land to petrol pumps at a paltry sum of Rs15,000 annually
Jul 27, 2018
EconomyRupee appreciates Rs1.10 per dollar in open market
On Thursday, the dollar was trading at around Rs128.90 in the kerb market opposed to Rs130 just before the elections
Jul 27, 2018