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Most of FY21 budget was spent on debt, interest payments: AGP

ISLAMABAD: Pakistan spent Rs18,486.19 billion out of the Rs21,837.24 billion of its total budget in fiscal year 2020-21 (FY21) to repay debt and interest...

OGDCL to probe former GM for maligning current MD in Uch project contract

ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) has decided to launch an investigation against its former general manager (GM) for maligning the...

Miftah pushes for quick completion of WB initiatives

ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail urged for fast-tracking the progress of all the World Bank’s initiatives in Pakistan and directed...

Saudi Arabia rolls over $3bn deposits for one year

The Saudi Fund for Development (SFD) on Sunday confirmed the rollover of a $3 billion deposit for Pakistan, which will mature on December 5,...

President orders CDNS to pay correct profits on certificates 

ISLAMABAD: President Dr Arif Alvi has directed the Central Directorate of National Savings (CDNS) to pay profit on Special Saving Certificates (SSCs) as per...

DISCOs again seek power price hike under FCA of August

ISLAMABAD: The power tariff is again likely to be increased as the Central Power Purchasing Agency (CPPA) has filed an application with NEPRA seeking...

Auto parts manufacturers ask govt to increase import quota

LAHORE: Pakistan Automotive Manufacturers Association (PAMA) and Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) have jointly written a letter to State Bank...

OGRA releases annual report for FY21

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Friday released its annual report for the fiscal year 2020-21, stating that it continued allowing...
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