Pakistan to import sugar, cotton from India: Hammad Azhar
LAHORE: The Economic Coordination Committee (ECC) on Wednesday allowed the private sector to import 0.5 million tonnes of white sugar and cotton...
Pakistani fintech SadaPay raises $7.2m in seed round Â
LAHORE: SadaPay, a Pakistani FinTech startup, has announced raising $7.2 million in the recent seed round, totalling its funding to $9.3 million...
ADB approves $300m for hydropower plant near Balakot
MANILA: The Asian Development Bank announced on Tuesday that it will be extending Pakistan a $300 million loan to finance the construction...
Hammad Azhar replaces Hafeez Shaikh as finance minister
ISLAMABAD: After the defeat in the Senate election and much pressure on the ruling Pakistan Tehreek-e-Insaf (PTI) over increasing inflation, the government...
Rupee at its strongest since Feb 17
KARACHI: The rupee continues to strengthen against the dollar and has now returned to its pre-Covid level.
During intraday, the rupee is trading...
PM directs banks to simplify loan procedure under Naya Pakistan Housing Scheme
ISLAMABAD: Prime Minister (PM) Imran Khan, while observing that people have been difficulties in seeking loans under Naya Pakistan Housing Programme, has...
‘Speculative pricing’: FIA freezes over 100 bank accounts of sugar mafia
ISLAMABAD: The Federal Investigation Agency (FIA) has held over 100 bank accounts of 40 alleged important personalities part of the 'sugar mafia',...
WB to provide $1.3bn for Pakistan’s social sector development
World Bank, Pakistan sign seven project agreements to support govt’s initiatives in social protection, disaster & climate risk management, infrastructural uplift, agriculture & food security and human capital development
IMF agrees to release $500m loan tranche for Pakistan
Revival of the $6bn loan programme comes after govt's decisions to jack up electricity prices, impose additional taxes, and grant significant autonomy to central bank
Pakistan loses spot as top trade partner of Afghanistan
PESHAWAR: Pakistan is no longer the leading country in terms of trade with Afghanistan as bilateral trade has declined drastically over the...
Pakistan to receive first purchase of over one million doses of Chinese vaccines by March-end: minister
Asad Umar says govt in talks to purchase another seven million doses of Sinopharm and CanSino vaccines
Karachi Green Line BRT to become operational by August
ISLAMABAD:Â As the Sindh government had deferred the timeline for operationalisation of the much-awaited Green Line Bus Rapid Transport System in Karachi, Planning...
Govt to finally auction 4G services in GB, AJK
'Security-related restrictions have been relaxed and high-speed internet services will be provided to almost all areas of GB and AJK before the end of this year'
Cabinet okays withdrawal of Rs140bn tax exemptions via ordinance to pave way for IMF tranche
ISLAMABAD: The federal cabinet has given a go-ahead to withdrawal of various income tax exemptions through a presidential ordinance instead of bringing...
Policy rate to remain unchanged at 7pc: SBP
The Monetary Policy Committee (MPC) of the State Bank of Pakistan has once again decided to maintain the policy rate at seven...