Expected additional FED on carbonated beverages alarms industry
ISLAMABAD: In a letter addressed to the Federal Board of Revenue (FBR) on February 1, 2023, the Ministry of Industries and Production...
Red-Alert: Forex reserves drop to lowest in 8 years, dollar touches 271
ISLAMABAD: In the latest data, the State Bank of Pakistan has revealed that the liquid foreign reserves of Pakistan have dropped by...
IMF not impressed by plan to contain circular debt
ISLAMABAD: The International Monetary Fund (IMF) has pointed out serious discrepancies in the government’s revised Circular Debt Management Plan (CDMP) for the...
Govt assures IMF team of hike in power tariff
ISLAMABAD: As Pakistan teeters on the brink of default and the government continues to make overtures to the International Monetary Fund (IMF)...
Inflation jumps to highest in nearly five decadesÂ
ISLAMABAD: Following the continuous devaluation of local currency, import restrictions, hike in interest rates, fuel prices and other issues linked with the...
Analysis: Pakistan moves toward deal-or-default endgame
ISLAMABAD/LONDON: Pakistan's full-blown economic turmoil, from its biggest ever currency devaluation to a rash of emergency spending cuts, offers the clearest sign...
Has USD to PKR rate peaked?Â
LAHORE: The value of the dollar fell by almost Rs 5 in the early trade on Tuesday, as the greenback settled the...
OGRA notifies Rs60/KG hike in LPG price for February
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has jacked up the price of liquefied petroleum gas (LPG) by Rs 60 per...
NEPRA works out power price cut of Rs10.80/unit for Karachiites, Rs2.32/unit for DISCOs consumers
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has so far worked out Rs 10.80/unit cut in power price for consumers of...
Crucial talks with IMF to start tomorrow as Pakistan inches towards reforms
ISLAMABAD: The 'crucial' talks between Pakistan and the International Monetary Fund (IMF) will start from Tuesday, as the IMF team under the...
NEPRA to consider relief worth almost Rs12bn for Karachiites in Feb billsÂ
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) is scheduled to conduct a public hearing on January 31, 2023, on a request...
Steel Industry cries foul over non opening of LCs by SBP
ISLAMABAD: The steel industry in Pakistan finds itself stuck in a state of extreme distress as the State Bank of Pakistan (SBP)...
Rupee continues to depreciate in interbank and the open market
ISLAMABAD: The US Dollar starts from where it left off yesterday. At the closing time, the State Bank reported the interbank exchange...
Exclusive: A blow-by-blow account of Monday’s blackout
ISLAMABAD: On Monday, a catastrophic failure in the national grid caused the worst electrical outage in months across the country, crippling life...
Rs300bn tax collection is estimated under new measurement
ISLAMABAD: The Federal Board of Revenue (FBR) has drafted a proposal for new tax measures to collect Rs 300 billion through Tax...