Govt, ITFC sign $761.5m agreement for oil, gas import
ISLAMABAD: The Ministry of Economic Affairs and the International Islamic Trade Finance Corporation (ITFC) have signed a financing agreement, worth $761.5 million,...
Hit by power shocks, APTMA seeks PM’s attention
APTMA official says add-ons to regionally competitive energy price will make Pakistani exports uncompetitive in global textile market
Saudi Arabia to make its ‘largest foreign investment’ in Pakistan: Asad Umar
ISLAMABAD: Federal Minister for Finance Asad Umar said on Thursday that Saudi Arabia is about to make “the largest foreign investment in Pakistan’s...
Saudi oil refinery in Gwadar to help Islamabad save $3bn a year
The refinery would produce up to 300,000 barrels per day once completed
Asad Umar warns of peak inflation in next four months
Former finance minister Asad Umar said late Tuesday that according to his assessment inflation rates would peak in the next two to...
ADB, Pakistan sign $300m Covid-19 emergency loan agreement
'The assistance will help govt continue with the provision of emergency cash to poor families'
No mini-budget in the offing, says minister
Economic Affairs Minister Hammad Azhar has categorically dispelled the impression that the incumbent government has any plan to introduce a mini-budget.
Talking to...
National Assembly passes budget FY22
ISLAMABAD: A key session of the National Assembly session in Islamabad to vote on the proposed budget for the fiscal year 2021-2022...
Inflation rate to come down from next month: Miftah
ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail Wednesday hinted at slow down in the inflation rate from next month.
“The nation...
SBP pauses disbursements under Mera Pakistan Mera Ghar low-cost housing scheme
The State Bank of Pakistan (SBP) instructed banks to put on hold further disbursements under Mera Pakistan Mera Ghar (MPMG) scheme till...
Facebook initiates Authorized Sales Partner programme in Pakistan
KARACHI: In a bid to deepen its presence in the Pakistan market, Facebook has initiated its first Authorized Sales Partner (ASP) programme...
Govt asks NEPRA to increase power tariff by Rs1.39 per unit
ISLAMABAD: Power consumers are likely to face an additional burden of Rs1.39 per unit as the federal government has asked the National...
Govt borrows Rs1.67tr against maturity of Rs1.39tr
KARACHI: The State Bank of Pakistan (SBP) raised Rs 1.67 trillion against a target of Rs 1.35 trillion. This is against debt...
Govt intends to launch 5G by 2023, says PTA chairman
Pakistan Telecommunication Authority (PTA) Chairman on Tuesday informed the Senate Standing Committee on Information Technology and Telecommunication that the government intends to...
Tarin directs PBS to compare wholesale, retail prices of food items in more cities
ISLAMABAD: The Finance Minister Shaukat Tarin on Monday directed the Pakistan Bureau of Statistics (PBS) to regularly compare the difference in wholesale...