Pakistan to receive oil worth $4.5bn from IDB
'Talks are underway to finalise a similar agreement for the supply of LNG'
The Islamic Development Bank (IDB) will provide a three-year $4.5...
Is the mini-budget a ruse?
Measures announced in the mini-budget, the confusing stance regarding approaching the IMF could weigh heavily on the government's ability to tackle the issues threatening the economy
Pakistan receives final instalment of $1 billion from Saudi Arabia
A statement from the Prime Minister’s Office in October last year said Saudi Arabia had agreed to deposit $3 billion for a period of one year as a balance of payment support
Finance minister sees financial assistance from China within next few days
Rejecting the impression of imposing new taxes worth Rs12 billion, given by a media outlet, Asad Umar categorically denied that any new tax was introduced in the supplementary budget
Pakistan receives first $1 billion tranche from UAE
The UAE had announced its intention to inject $3 billion cash into Pakistan via the Abu Dhabi Fund for Development (ADFD) in December last year, a month after Prime Minister Imran Khan undertook his second trip to the country since assuming office
‘Govt’s reform package to promote domestic supply, reduce imports’
Finance minister says usual negotiations with IMF currently underway, but 'govt will only take decisions that benefit economy'
ISLAMABAD: Finance Minister Asad...
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...
Govt prepares new budget amid balance of payments squeeze
'This is not just about taxation measures, it is about encouraging investment, whether in the stock exchange, industry, financial sector or...
UAE signs $3bn support package for Pakistan
'The directive to deposit $3bn with SBP aligns with the UAE leadership’s keenness to bolster Pakistan’s economy'
Pakistan and the United Arab...
Suzuki to discontinue Mehran within two months, Senate told
Allahwala also revealed that “nine automotive manufacturers were working to bring an investment worth $1.50 billion to Pakistan”
Govt could scrap regulatory duties on 150 items in mini-budget: Report
The government is going to provide an exemption of income tax for the banking sector on providing loans for low-cost housing in the country via the upcoming supplementary finance bill
UN cuts 2019 growth forecast to below 4% for Pakistan
UN said changes in trade policy can greatly decrease the rising trade costs across the region, facilitate the access to foreign inputs to exporters and enable the participation in global value chains (GVCs)
‘Serious reservations’ in Cabinet over upcoming mini-budget
ISLAMABAD: While Finance Minister Asad Umar has announced to introduce the mini-budget on January 23, the government has yet to develop consensus...
‘Expert’ group expected to lead state-owned PSM’s revival
ISLAMABAD: Although Pakistan Steel Mills' (PSM) Board has yet to give the approval for the formation of an expert group of private...
World Bank terms progress on Dasu Dam project slower than anticipated
According to WB, land acquisition has only reached 742 acres, out of 1,987 acres needed for the construction areas and is slated to be finished by June 2022