Pakistan to get $3.4bn in budgetary aid from ADB

'$2.2bn will be released in the first quarter of FY20'ISLAMABAD: Pakistan will receive $3.4 billion in budgetary support from the Asian Development Bank (ABD),...

Sh Rasheed says will quit politics if railways’ circular debt not reduced

LAHORE: Railways Minister Sheikh Rasheed Ahmed said on Saturday he would quit politics if the circular debt of Pakistan Railways is not reduced.Addressing a press...

Good governance, rational taxation imperative to attract investments: moot

ISLAMABAD: Highlighting some silver linings in the recently presented budget, eminent economist and former finance secretary Dr Waqar Masood Khan stated that the budget, if...

SC directs companies to pay tax on water extraction

ISLAMABAD: The Supreme Court on Friday directed the mineral water and beverage companies to pay the government taxes on extracting underground water for sale purposes.A...

Pakistan, Belarus agree to enhance trade ties

ISLAMABAD: Pakistan and Belarus on Friday agreed to optimally utilize the existing institutional mechanisms and intensify bilateral cooperation in agriculture, industry and technology.The consensus was...

Govt appoints Ali Jahangir Siddiqui as ambassador-at-large for investment

Siddiqui's appointment as Pakistan's Ambassador to US in the previous govt had met with severe criticism from PTIThe Ministry of Foreign Affairs on...

NEPRA increases power tariff by Rs1.49 per unit

The National Electric Power Regulatory Authority (NEPRA) has increased the power tariff by Rs1.49 per unit for consumers, a private media outlet reported.Power distribution...

SECP holds roundtable to revamp bancassurance regulatory framework

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) held a roundtable to seek stakeholders’ suggestions and recommendations to revamp the 2015 bancassurance regulatory framework...

ADB to conduct feasibilities for installation of smart metres in KP, Sindh

ISLAMABAD: Asian Development Bank (ADB) will conduct feasibilities in the Peshawar, Hyderabad and Sukkur electric supply companies for installation of smart (AMI) metres and ABC...

Punjab govt presents Rs2.3tr budget for 2019-20

Rs350bn have been allocated for development, whereas Rs1.71tr have been earmarked for non-development expenditureLAHORE: Provincial Finance Minister Makhdoom Hashim Jawan Bakhat presented the Punjab...

PM Imran says no to dollar at SCO

PM urges SCO to finalise arrangements for trade in local currencies, set up SCO bank  Says Organisation needs to advance goals of peaceful...

Overseas Pakistanis remit $20.19bn in 11 months

KARACHI: Overseas Pakistani workers remitted $20.19 billion in the first eleven months (July to May) of FY19, showing a growth of 10.42pc compared with $18.28...

Remedial work underway to ensure long-lasting stability: Hafeez Shaikh

'We import virtually everything and we still think the exchange will be kept at a certain level' 'Govt will not take any loans...

WB approves $518m to help Pakistan raise revenue, reduce compliance cost

The World Bank on Friday approved a package of $518 million for two projects in support of Pakistan’s ambitious efforts to raise revenue and...

Senators warn Trump to not use Huawei as chip in trade talks

'In no way should Huawei be used as a bargaining chip in trade negotiations'WASHINGTON: Two leading US senators warned President Donald Trump's administration Thursday...

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PM Imran says no to dollar at SCO

PM urges SCO to finalise arrangements for trade in local currencies, set up SCO bank  Says Organisation needs to advance goals of peaceful...

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