Trade deficit widens to $17.3bn in eight months
ISLAMABAD: Pakistan's trade deficit widened to $17.3 billion during the first eight months (July–February) of the current financial year (2020-21) mainly due...
Pak-Turkey freight train to resume operations after 9 year pause
The Istanbul-Islamabad freight train is likely to resume operations on March 4, connecting goods train business of three countries including, Turkey, Iran...
POL prices unchanged as PM rejects OGRA’s proposed hike
LAHORE: Prime Minister (PM) Imran Khan has rejected a summary of the Oil and Gas Regulatory Authority (OGRA) for increasing petroleum prices...
PM lays foundation stone of business district in Lahore
Prime Minister (PM) Imran Khan has laid the foundation-stone of the country’s first-ever Central Business District project at the Walton Airport site,...
IMF cuts FBR’s collection target to Rs4.7tr
Revenue target slashed by Rs263bn; FBR now needs Rs1.8tr in four months
Pakistan to remain on FATF grey list till June
PARIS:Â Pakistan will remain on the Financial Action Task Force (FATF) grey list for another four months.
According to a handout issued by the...
Govt secures $1.1bn from ITFC for oil, gas imports
Economic Affairs Minister Makhdum Khusro Bakhtyar on Wednesday witnessed the signing of International Islamic Trade Finance Corporation (ITFC) Annual Financing Plan 2021...
Circular debt to reach Rs2.8tr in next four months, NA panel told
Circular debt was recorded at Rs2.3tr in December 2020, as compared to Rs1.1tr in June 2018
Govt actions to be reviewed as FATF meeting begins
The Financial Action Task Force (FATF) four-day virtual Plenary session, during which Pakistan’s performance in terms of measures taken against money laundering and terror...
Three mobile phone companies to set up manufacturing plants in Pakistan
ISLAMABAD: As the government has introduced tax incentives for assembling/manufacturing of mobile phones through the recently issued presidential order, at least three...
After GI tag for Basmati, Pakistan set to register pink salt as local product
ISLAMABAD: After the registration of Geographical Indications (GI) for Basmati rice, Pakistan has now decided to register pink salt as its GI...
ECC likely to abolish Neelum-Jhelum surcharge from electricity bills
The Economic Coordination Committee (ECC) of the federal cabinet is likely to accord approval for the abolishment of the 10-paisa per unit...
PM Imran proposes five-point agenda to uplift agriculture in developing countries
ISLAMABAD: Prime Minister Imran Khan has emphasised on global efforts to invest in sustainable agriculture infrastructure and ensure adequate and fair prices...
Pakistan meets conditions to get next $500 million from IMF
ISLAMABAD: The International Monetary Fund (IMF) and Pakistan on Tuesday reached a staff-level agreement that Pakistan had completed reforms required for the...
PM rejects OGRA’s proposal for hike in petroleum prices
ISLAMABAD: In a bid to provide relief to the masses, Prime Minister Imran Khan on Monday rejected an Oil and Gas Regulatory...