Govt adds Rs2.5tr to public debt in nine months
--Pakistan's external debt reached $110bn by end-MarchÂ
--Interest servicing consumed 40pc of the revenue collected in 9MFY20
ISLAMABAD: Although the Pakistan Tehreek-e-Insaf (PTI) government...
PHC grills NAB over inaction on petrol, fuel shortage
PESHAWAR: A Peshawar High Court (PHC) bench on Wednesday grilled the National Accountability Bureau (NAB) for "being selective in its approach to...
ECC approves Rs480m risk allowance for healthcare workers
Committee also approves Rs22bn worth technical supplementary grants for different ministries and institutions
Substandard hardware sold to DISCOs behind extraordinary line losses: CCP
ISLAMABAD: The Competition Commission of Pakistan (CCP)'s inquiry committee has alleged "embezzlement of billions of rupees" in the supply of line hardware...
Pakistan cannot afford a lockdown, says SBP Governor Reza Baqir
KARACHI: Lockdowns are a luxury of the rich, and countries like Pakistan cannot afford them, according to the State Bank of Pakistan...
ECC approves EV policy for motorcycles, rickshaws, heavy commercial vehicles
ISLAMABAD: The Economic Coordination Committee (ECC) on Wednesday approved Electric Vehicle (EV) policy for 2-3 wheelers and heavy commercial vehicles.
According to sources,...
PTA asks corporations to register VPNs or have their IPs blacklisted
ISLAMABAD: Pakistan Telecommunication Authority (PTA) has started the registration of Virtual Private Networks (VPNs), warning that IP addresses with unregistered VPNs would...
CPEC can add an extra 14pc to Pakistan’s GDP in ten years: World Bank
(Updated 01:51 PST)
ISLAMABAD: Mega projects like China's Belt & Road Initiative (BRI) and the China-Pakistan Economic Corridor (CPEC) can prove to be...
Rs96 billion dispersed to 1,320 companies through SBP’s refinance scheme: Reza Baqir
KARACHI: A total 1,320 companies have availed State Bank of Pakistan’s (SBPs) refinance scheme and a sum of Rs96 billion has been...
Economic Survey to be unveiled on Thursday
ISLAMABAD: The federal government is all set to unveil the pre-budget document, Economic Survey of Pakistan 2019-20 on Thursday June 11.Â
The document...
Payment transactions volume falls 4.2pc in third quarter: SBP
KARACHI: The total payment transactions in Pakistan showed a decrease of 4.2 percent by volume and 3 percent by value in the...
Government, IMF reach consensus to increase salaries, pensionsÂ
LAHORE/ISLAMABAD: The Pakistan government and the International Monetary Fund (IMF) reached a consensus on Tuesday, on not putting a freeze on the...
PIA incurring Rs6bn loss per month, PM told
ISLAMABAD: Pakistan International Airlines (PIA) Chief Executive Officer Air Marshal Arshad Malik on Monday apprised Prime Minister Imran Khan that in the...
Govt devises plan to attract $5bn FDI in oil and gas industry
ISLAMABAD: The government has devised a plan to attract foreign direct investment (FDI) of $5 billion for the exploration and production of...
FY21: IMF agrees to slash FBR’s tax target to Rs4.9tr
ISLAMABAD: The International Monetary Fund (IMF) has agreed to slash the Federal Board of Revenue's tax collection target to Rs4,900 billion for...