OGRA revokes Rs566 mn penalty on Pakistan LNG Limited
Following reports of alleged pressure by former prime minister Shahid Khaqan Abbasi to revoke OGRA’s decision, OGRA has finally decided to cancel the RS560 million penalty placed on PLL for cancelling the import of four LNG cargoes to the country, and pass it on to consumer.
PM inaugurates ‘Pakistan Banao Certificate’ scheme for overseas Pakistanis
PM vows that under his government, the Pakistani diaspora will feel proud to hail from the country
Says an IMF bailout...
Pak-Russia to sign billion dollar energy deal
Russia has shown readiness to export gas by laying an offshore pipeline through Gwadar Port to Pakistan and India
SBP unveils procedures for investment in amnesty bonds as scheme lags behind targetÂ
ISLAMABAD: The outgoing government's dream to collect three to four billion dollars through the amnesty scheme seems to have shattered as only...
Govt presents finance bill amid ruckus in NA
–Third finance bill aims at encouraging investment, exports, promoting ease of doing business
–Super tax on non-banking companies abolished, interest on agri loans...
Current account deficit widens to $18bn in 2017-18, dollar at Rs128.60 interbank
CAD has jumped by 5.7 per cent of total country’s gross domestic product (GDP) this year.
Pakistan’s biggest state run retail chain inching towards privatisation
ISLAMABAD:Â Pakistan's biggest state-run retail chain, Utility Stores Corporation (USC)- which is currently facing a decrease in sales, closure of large number outlets...
Market Daily: Indices make a comeback, gain 484 points
Foreign investors were net buyers, at last, and the market posted return of 1.15 per cent or 484 points in a single day, closing at 42,623 index level.
Foreign reserves plunge to four-year low after 4.4 per cent drop
Foreign currency reserves held by SBP were recorded at $9,063.6 million, down $415.9 million
Pakistan inflation soars to 7.19% in January year-on-year
Rising liquefied natural gas and electricity prices, as well as a spike in tomatoes, garlic and medicine, were the main reason behind the January month-on-month inflation rise
NEPRA approves Rs1.8 per unit power tariff hike
The National Electric Power Regulatory Authority (NEPRA) has approved an increase of Rs1.80 per unit in the tariff for all power distribution...
CPEC fastest-moving and most effective project under BRI: Report
CPEC construction has created nearly 60,000 direct jobs in Pakistan. It is expected to create 700,000 jobs in the country by 2030. If related industries are counted, at least 3.5 million jobs will be created, benefiting millions of families
MoC finalises Trade Dispute Resolution Act 2018 draft
TDRC aims at swift and effective resolution of domestic and international trade disputes
SBP hikes key interest rate by 25 basis points to 10.25%
Challenges to Pakistan’s economy persist despite narrowing as the current account deficit remains high, the fiscal deficit is elevated, and core inflation remains continuingly high, said SBP
Pakistan ‘unprepared’ to convince FATF’s team over 26-point action plan
ISLAMABAD: As a team of the Financial Action Task Force (FATF) has arrived here to evaluate the implementation on teh 26-point Action...