Oil Tanker Association threatens strike on October 23rd if demands not met
Islamabad: Another oil-tanker strike is in the offing, as an association of oil tankers threatened to go on strike from October 23rd.
According...
WB capitulates and revises Pakistan external financing needs to $17b
Islamabad: World Bank on Monday capitulated and admitted to its negligence of overestimating Pakistan’s external financing needs for current financial year 2017-18.
This...
Pakistan Railways earned Rs40b in FY 2016-17
Lahore: With continuous efforts and hardwork of railways management, officers and workers, Pakistan Railways’ income increased to Rs 40 billion in 2016-17,...
CPEC SEZs to play key role in country’s development
Islamabad: Establishment of special economic zones (SEZs) under CPEC framework based on Chinese experience coupled with active involvement of private sector will attract...
Uniform cost criteria to be applicable for consumers living within 5km vicinity of gas fields
Islamabad: Natural gas consumers living within 5km vicinity of gas fields in all four provinces will be subjected to a uniform costing...
Pakistan criticizes World Bank for overestimating repayment obligations
Islamabad: Pakistan criticized the World Bank for overestimating its external repayment obligations by $13b, which actually stands at $18b, the Finance Ministry said...
Banks lend Rs 7000 crores in consumer loans in FY 17
KARACHI: Lower interest rates have led to consumer loans picking up pace, with banks recording disbursements of over Rs 70 billion (Rs...
FBR declines to reveal details of cash rewards paid to officers
Islamabad: Federal Board of Revenue (FBR) has outrightly declined to share details about amount paid as cash rewards to its officers for...
Dar’s replacement no longer on cards
ISLAMABAD: As opposed to earlier reports of Miftah Ismail being mulled to replace Finance Minister Ishaq Dar, the switch appears unlikely. Despite...
Dollar rate increases in open market following rumours of rupee devaluation
KARACHI: The ongoing political situation in the country has increased the open-market dollar rate to Rs 107.50.
On the other hand, SBP Foreign...
Currency circulation rose despite imposition of WHT on banking transactions, says: SBP
Karachi: The enforcement of withholding tax on banking transactions hasn’t prevented the cash economy from flourishing, said State Bank of Pakistan in...
Pakistan’s tax to GDP ratio fell to 12.5pc during FY 2016-17
Karachi: State Bank of Pakistan released its “State of Economy” annual report which cited that the country’s tax to GDP ratio was...
Railways finalizes plans for upgrading railways tracks
Islamabad: Pakistan Railways has finalised arrangements for the upgrade and construction of more than 50,000 kilometres of tracks across the country on...
IRSA issues warning of higher water scarcity during current Rabi season
Islamabad: Compounding fears of a worsening water shortage, Indus River System Authority (IRSA) on Thursday warned of higher water scarcity during the...
Senators demand Dar’s resignation due to Pakistan’s economy being in peril
Islamabad: Finance Minister Ishaq Dar’s position is becoming untenable as opposition senators voiced their ire and demanded his resignation due to a...