Govt grapples with dollar crunch to buy oil amidst pending syndicated financing

‘Official’ and ‘actual’ rates emerge within open market rate of the dollar

Exchange companies association claims the dollar is selling at Rs 312 on the open market. Actual rate on open market hovering around Rs 315. Both rates indicate a gap with the interbank rate that fails to meet IMF criteria. 

The SC ordered the Sindh govt to compensate affectees of anti-encroachment drives. They ignored the orders. What happens now?   

The landmark June 2021 Supreme Court verdict not only ordered settlements to be demolished through the anti-encroachment drive, but also that the affectees be rehabilitated substantially. 

Illicit cigarettes poised to outpace legitimate market share in Pakistan, industry player cautions

ISLAMABAD: With illicit cigarettes, both smuggled and counterfeit, having already secured over 40 percent of the market, industry insiders are sounding the...

Tribal districts development program suffers as govt fails to release funds

PESHAWAR:  The Khyber Pakhtunkhwa (KP) government's approved development plan for tribal areas worth 9 billion rupees has not materialized into reality as...

FIA launches four inquiries into alleged billion rupees worth of ‘white collar crimes’

ISLAMABAD: The Federal Investigation Agency (FIA) has launched four important inquiries into billion rupees worth high value mega corruption scandals, with a...

SECP strikes down 120 illegal personal loan applications 

Only SECP-approved Personal Loan Apps to be permitted for listing on the Google Play Store from now

Kakar’s uphill battle 

In addition to ensuring timely elections, the caretaker prime minister is responsible for ensuring the economy stays on track by fulfilling the current IMF programme.

PTA to block unregistered mobile devices in GB and AJK after Sept 1st

The Pakistan Telecommunication Authority (PTA) has announced plans to launch Device Integration, Registration, and Blocking System (DIRBS) in Azad Jammu and Kashmir...

ECC approves SME Assan Finance Scheme

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the SME Assan Finance Scheme in its session held on Tuesday....
Taxation

New tax rates imposed on property transactions in Punjab

These changes underscore the govt's ongoing efforts to enhance revenue generation

Cabinet committee approves inclusion of PIA in privitization list

ISLAMABAD: Cabinet Committee on Privatization (CCoP) has given approval to include Pakistan International Airlines Co. ltd (PIACL) in the privatisation progarmme.  Federal Minister...

ECNEC approves proposal to partially outsource the Islamabad International Airport proposal 

Prime objective of outsourcing is to undertake modernisation of the existing infrastructure- Officials

PSX issues a notice to PICT for unusual share price movement

The share’s price has gone up by Rs.30 (~70%) in the last 16 days.

Senate committee recommends blacklisting of Sinohydro and GOPA

Senate Panel recommends strict action against the Board of Directors of NTDC and officials of the ministry involved

MoF grants up to 35% Adhoc Relief Allowance-2023 

ISLAMABAD: The Ministry of Finance (MoF) announced that the executive/supervisory staff of autonomous/semi-autonomous organisations and corporations will receive Adhoc Relief Allowance-2023 of...