Pakistan’s Trukkr announces $6.4m raise as it shifts focus to fintech
Startup also secures NBFI license from SECP for lending to transporters
NEPRA slaps additional surcharge of Rs3.39 per unit on consumers
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) on Monday approved the imposition of additional surcharge of Rs 3.39 per unit on the...
BOI to introduce Asaan Karobar Bill in parliament
ISLAMABAD: A year after the launch of the Asaan Karobar Programme to promote ease of doing business (EODB) in the country, the...
Hajj to cost Rs1.175m this year
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the Hajj Policy-2023, estimating Rs1.175 million as a tentative amount of...
Dar sticks head in sand
ISLAMABAD: The initial fist-thumping days of Ishaq Dar’s current reign as finance czar are well and truly over as the battered accountant...
Moody’s downgrades ratings of five Pakistani banks
ISLAMABAD: Moody's Investors Service on Friday downgraded the long-term deposit ratings of five Pakistani banks from Caa1 to Caa3.Â
These banks include Allied...
Germany warns of consequences for Pakistan’s GSP+ status over blocked importsÂ
LAHORE: In a letter to Pakistan's Federal Minister for Economic Affairs, Sardar Ayaz Sadiq, Ambassador Alfred Grannas of the Federal Republic of...
Raw material shortages, overhead costs drive steel industry to brink of collapse
ISLAMABAD: Steel industry is in the midst of an unprecedented crisis. With the surging costs, many large producers are struggling to stay...
Govt expects to sign staff level agreement with IMF next week
ISLAMABAD: Finance Minister Ishaq Dar on Thursday claimed that the government is expecting to sign a staff level agreement with the International...
MPC hikes policy rate by 300 basis points
ISLAMABAD: In a move that was much anticipated by the State Bank, the policy rate has been raised by 300 basis points....
Dollar slides to highest ever value against PKR, but what is the reason?
ISLAMABAD: When the historic devaluation, in the last week of January, settled down. Not a lot of people had foreseen another devaluation...
Sui companies seek massive gas price hike of Rs730/MMBTU from July 1
ISLAMABAD: Sui companies have asked the Oil and Gas Regulatory Authority (OGRA) to increase gas prices by up to Rs730 per Million...
IMF not impressed as FBR falls behind on revised targets
ISLAMABAD: The FBR started the year with a revenue target of Rs. 7,471 billion for the current fiscal year 2022-23. However, after...
Govt calls for immediate increase in power rates for farmers, export sector
ISLAMABAD: The government has asked power distribution companies (DISCOs) to immediately implement a decision to increase power tariffs for agricultural tube wells...
February inflation jumps 31.5%, highest rate in nearly 50 years
ISLAMABAD: Following the hike in fuel prices, interest rates, and import constraints, the inflation in the country has registered an all-time high...