Import restrictions create shortage of steel bars
ISLAMABAD: Following the restriction on imports for non-availability dollars, the country has now started facing a severe shortage of steel rebars as...
OMAP announces helpline for smooth supply of POL products
LAHORE: The Oil Marketing Association of Pakistan (OMAP) has announced plans to establish a helpline for the smooth supply of petroleum products...
Pakistan to get only nonstop flight route to African continent
LAHORE: Ethiopian Airlines’ decision to initiate flights between Karachi and Addis Ababa on March 26 is set to be historic. Ethiopia’s flag...
K-Electric files generation tariff petition for its power plants
K-Electric (KE) has filed a tariff petition for its power generation plants with the National Electric Power Regulatory Authority (NEPRA) from July...
GPCCI asks Governor SBP for help against propaganda about access to letters of credit
LAHORE: The German Pakistan Chamber of Commerce and Industry (GPCCI) has penned a letter to Jameel Ahmad, Governor State Bank of Pakistan,...
ECC approves discontinuation of Kissan, Zero Rated Industrial packages
ISLAMABAD: The Economic Coordination Committee (ECC) has approved the discontinuation of the Kisan Package as well as Zero Rated Industrial package from...
Pharmaceutical industry fears shortage of medicines if govt does not intervene
ISLAMABAD: Several multinational firms for example, fear being forced to suspend manufacturing. Non-availability of raw materials and a huge jump in the...
Ghandhara Tyre announces plant shut down for FebruaryÂ
LAHORE: Ghandhara Tyre & Rubber Company Limited has notified the Pakistan Stock Exchange that it will observe non-production days from February 13...
Dar claims all good with IMF as meltdown nears
ISLAMABAD: As talks between the federal government and the International Monetary Fund (IMF) entered final and decisive stages in the late hours...
Report shows a decline in tax-to-GDP ratio by 0.4pc
ISLAMABAD: The country’s tax-to-GDP ratio fell to 4.4% in the first half of FY 2022-23 from 4.8% during the same period last...
No plan to avoid oil shortage as petroleum minister shifts attention to hoarders Â
ISLAMABAD: Instead of announcing a quick and effective strategy to deal with the ongoing shortage of petroleum products in various parts of...
The downsizing rigmarole continues
When it rains, it pours. And Pakistan’s startup ecosystem has caught the worst part of it for the past year or so....
Financial inclusion in Pakistan increases to 30%
KARACHI: Financial inclusion in Pakistan has increased by 9 basis points from 2020 to 2022 and women’s access, specifically has hit a...
Why is it taking so long to decide the NBP president?
ISLAMABAD: The Federal Cabinet has directed the Finance division to re-advertise the post of President National Bank of Pakistan.
Earlier on Tuesday, the...
Rupee-denominated Naya Pakistan Certificates’ rates of return increasedÂ
ISLAMABAD: The government on Tuesday revised the rates of return for rupee denominated Islamic Naya Pakistan Certificates (NPC) of different maturities.
According to...