Rupee sharply regains Rs1.92 against greenback in inter-bank market
The rupee has been depreciated five times against the greenback since December 2017, which has seen the local currency losing a cumulative 27% of its value against the greenback
ECC set to decide about increase in power tariff
According to insiders, the PM in the last ECC meeting had instructed the Ministry of Finance to focus on tariff rationalization, theft and line losses instead of burdening the existing customers
Pakistan to go for IMF bailout, despite $6 billion Saudi Arabia support package: Report
In a comment to Bloomberg, Finance Ministry spokesman Noor Ahmed on Wednesday said an IMF programme will help boost discipline in the economy
Nepra levies Rs4 million fine on IESCO
Nepra stated IESCO failed to maintain the authorized voltage levels and supply electricity connections within the given time and orchestrated data regarding the number of interruptions, number of complaints and duration of interruptions
China enlists WB to carry study on CPEC
The WB is carrying a study on six aspects of CPEC and hopes to complete the research by the end of 2018
Procurement of land for Dasu hydropower project hits snags
An official source said Sigloo, Kaas and Sheikhabad are the areas where main civil works need to be initiated for main Dasu project and 500 acres of land is required in these places.
Pakistan mulling to establish $200 million grain terminal: Report
The establishment of such a facility would enhance PNSC sales and profit, which touched the lowest ebb in six years and will assist in easing pressure off the existing grain terminal facility at Port Qasim
Master group wins bid to setup 99MW hydropower project
According to Pedo, the bid submitted by Masters Textile Limited and CHEC was greatly responsive in respect of “completeness, competitiveness, reasonableness and has the lowest rank"
ADB calls for regional cooperation to help Asia tackle cross-border challenges
ISLAMABAD: Regional cooperation is necessary to tackle a rising number of cross-border challenges in Asia and the Pacific, including infrastructure gaps, trade...
Saudi Arabia to give $3 billion for averting balance of payment crisis
Saudi Arabia has agreed to extend a one-year deferred payment facility for oil imports to Pakistan worth up to $3 billion
Import of edible oil reduces by 70pc in three months
ISLAMABAD: The imports of edible oil, soybean and palm, into the country reduced by 70.47 per cent and 4.82 per cent during the first...
Pakistan PM seeks loans to reservice debts, investments
The country also needs two oil refineries to meet demand, and they are talking to Saudi investors about the projects, Khan said
Pakistan obtained $930 million loans during first quarter FY19
China gave $2.80 million in September whereas Asian Development Bank (ASB) $26.94 million and other commercial banks lend $170 million to Pakistan
PM approves major incentives to facilitate remittances
ISLAMABAD:Â Prime Minister Imran Khan on Monday chaired a follow-up meeting regarding the facilitation of overseas Pakistanis, particularly for incentivising home remittances through...
Senate panel to discuss impact of rupee devaluation on economy
ISLAMABAD: The State Bank of Pakistan (SBP) will brief the Senate’s Standing Committee on Finance and Revenue tomorrow (Tuesday) regarding the recent devaluation...