SBP to announce fiscal policy for two months on Friday

ISLAMABAD: The State Bank of Pakistan (SBP) will announce the fiscal policy for next two months on Friday. As per a statement issued by SBP,...

Pakistan needs 1.3 million new jobs every year: UNDP

The hospitality sector, accommodation and food, directly linked to tourism, accounts for only 1.6 percent of the country’s total employment, said the UNDP report

Pakistan’s growth backed by China’s A1 stable ratings, says Moody’s

Moody’s has reaffirmed Pakistan’s credit profile as B3 stable, while it boasts GDP growth of 5.8 per cent against 3.8 per cent amongst its peers.

FBR unhappy with tax incentives, may take up issue with next government

ISLAMABAD: The Federal Board of Revenue (FBR), which is unhappy over the tax incentives announced by the government in its recently announced populist budget,...

New export package on the cards

The outgoing government in a bid to please the business community before the general elections is planning to announce another export package ranging from R30 billion to Rs42 billion.

FIA asks FBR to provide records of 1763 confiscated mobile phones

ISLAMABAD: The Federal Investigation Agency (FIA) has asked the Federal Board of Revenue (FBR) to provide records of 1763 confiscated mobile phones allegedly sold...

Country needs 8pc growth to create required jobs for growing population

Pakistan’s population currently has a huge youth bulge. Almost two-thirds of the population is under the age of 16, a large proportion of which will be entering the job market in the near future.

MoF adopts 42 budget recommendations, sends 108 proposals to planning

The government has adopted 42 recommendations of the Senate in the budget fully or partially, meanwhile 108 suggestions mostly related to the development sector, have been forwarded to Ministry of Planning and Development for incorporation.

Miftah Ismail allegedly pressurized former MD PLTL to resign

Incumbent Finance Minister Miftah Ismail has allegedly instructed Pakistan LNG Terminal Limited (PLTL) former managing director Azam Soofi to resign from his post apparently to save Pakistan Gas Port Consortium Limited (PGPCL) from a $40 million penalty.

SBP adheres to SHC order, invites KASB shareholders to register complaints

KASB was sold for a mere Rs1000, while Sindh High Court termed SBP’s role in the BankIslami-KASB merger as a “breach of statutory duty.”

SECP chief appointed on recommendation of Ishaq Dar

KARACHI: The appointment of Shaukat Hussain as new chairman of Securities and Exchange Commission of Pakistan (SECP) was made on the recommendation of former...

Rs659.5 bn released for development projects under PSDP 2017-18

ISLAMABAD: The government has released over Rs659.5 billion under its Public Sector Development Programme (PSDP) 2017-18 for various ongoing and new schemes against the...

Pakistan to secure another $2 bn from China to support reserves

ISLAMABAD: As the depletion of reserves continue, the government has planned to secure another $2 billion through the agreed short-term loan of $1 billion...

Abraaj’s reputation nosedives over allegation of misused funds

Abraaj has seen a wave of investments get sidelined, a shake-up of its top management, talks of divestment of its investment arm collapse and questions over misuse of funds by leading investors like Melinda Gates Foundation continue

Who has the right to our data?

How a lack of data protection legislation in Pakistan is hurting users and gives them no recourse to legal action in event of a data breach like the one that happened at Careem

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Funds of GHPL being used by PLL, PLTL, sources

ISLAMABAD: Billion rupees worth of funds of the Government Holding Private Limited (GHPL) are allegedly being used by Pakistan LNG Ltd (PLL) and Pakistan LNG...

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