Central bank to auction Rs4.9 trillion worth of debt instruments in Oct-December 2018
The raising of the new debt via PIBs and MTBs will help the government to partially plug in the deficit in budgetary financing, which economists worry will be higher than the target of Rs2 trillion for FY19
Punjab budget to concentrate on health, education and clean water
In his address, Chairperson PRA, Javed Ahmed said that during the last financial year PRA had crossed Rs 100 billion revenue mark first time and collected almost Rs 110 billion in revenue
Govt establishes business council to create jobs and enhance exports
From a total of 20 private sector members, four are from the textile sector, two from the cement sector and others from sports goods, automobile, logistics, retail, petrochemical, engineering and computer businesses
Seeking IMF bailout, the only feasible option: Report
-Currently, the interest rate is 8.5 percent which the IMF seeks to be between 11 percent to 12.5 percent for reining in inflation and reduce current account deficit.
- IMF calls for Pakistan to adopt a free float exchange rate regime instead of the current managed exchange rate
PRA to adapt to a full automation monitoring system
In a pre-budget seminar held in Lahore, Finance Minister Punjab Makhdoom Hashim Jawan Bukht said, the government wants to introduce a consensus-oriented budget...
PayPal’s Xoom offering services for overseas Pakistanis to send donations to dams fund
Overseas Pakistanis can now use Xoom, a money transfer service owned by PayPal to send their donations for the CJ-PM Daimer-Bhasha and...
Government constitutes council of business advisors
The Government has constituted the “Council of Business Leaders” comprising of stakeholders from the public and private sector. The 22-member council is...
Asad Umar meets ADB VP, reviews ongoing projects
ISLAMABAD: Finance Minister Asad Umar received the visiting Asian Development Bank (ADB) Vice President, Wencai Zhang for a meeting here Thursday.
They had a...
PM tasks Dr Ishrat to ensure paperless culture in all ministries
ISLAMABAD: Prime Minister Imran Khan Thursday expressed serious concern over negligible progress in some important ministries towards employing e-solutions for conducting official business.
He said...
Finance ministry seeks early nominations of NFC members from provinces
ISLAMABAD: The Finance Ministry has called upon provincial governments to reconfirm their nominations of non-statutory members for the National Finance Commission (NFC)...
Govt increases gas prices by up to 143pc for SNGPL, SSGCL consumers
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has notified up to 143 per cent increases in gas prices for the consumers...
Adverse weather causing transmission lines to trip, says power minister
KARACHI: Federal Minister for Power, Omar Ayub Khan on Thursday directed the authorities to investigate the matter of tripping of main transmission lines and...
Pakistan demands advance payment for projects from KSA
The Arab country may invest in the oil city and Special Economic Zones (SEZs) of CPEC for which the Chinese government has no objection,
Pakistan’s forex reserves decrease by $628mn in a week
The State Bank disclosed that its reserves decreased due to payments on account of external debt servicing.
Market Daily: Bears dominate as KSE-100 drops 473 points
LAHORE: It seems like the bulls of the Pakistan Stock Exchange (PSX) have lost their way as bears dominated the market for...