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...
Remittances increase 24pc to $16.4bn in seven months
KARACHI: The inflow of workers' remittances into the country witnessed 19pc increase in January 2021, as compared to the same month of...
Govt imposes advance tax on vehicles to discourage profiteering
ISLAMABAD: The federal government has imposed advance tax ranging from Rs50,000 to Rs200,000 on vehicles to discourage 'on money' culture in Pakistan.
In...
Large-scale manufacturing expands 11.4pc in December
ISLAMABAD: Large-scale manufacturing (LSM) in Pakistan grew 11.4 per cent in December 2020 as compared to December 2019, data released by Pakistan...
Govt to allow private firms to import Covid shots with no price caps
ISLAMABAD: Pakistan is to allow private companies to import coronavirus vaccines and has agreed to exempt such imports from price caps, according...
SBP modernises foreign exchange regulations to facilitate startups, fintechs and exports
The State Bank of Pakistan (SBP) has notified revisions in chapter 20 of the Foreign Exchange Manual to facilitate startups, fintechs and...
Shares volume breaks 16-year record at volatile PSX
KARACHI: The Pakistan Stock Exchange (PSX) endured a volatile session on Wednesday, with the benchmark index failing to sustain gains despite a...