Govt considers taking emergency loan from IMF to mitigate flood damage
ISLAMABAD: The government might consider asking the International Monetary Fund (IMF) for an emergency loan to mitigate the damage caused by the...
Wheat support price proposed to be set at PKR 3,000 per 40 kg
ISLAMABAD: In a move to encourage more production and avoid imports, the National Assembly’s Standing Committee on Commerce on Wednesday proposed that...
Govt decides against importing wheat from Russia
ISLAMABAD: The federal government has decided against importing wheat from Russia on a government-to-government basis (G2G), Profit learnt on Wednesday.
According to sources,...
ECC approves summary to increase wheat reserves, orders more imports
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved a summary to maintain the country’s wheat reserves at 2...
ECC orders disbursement of PKR 25,000 per household in flood affected districts
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed BISP to disburse PKR 25,000 per household in calamity affected districts.
The...
Govt to merge Kamyab Pakistan, Kamyab Jawan programmes
ISLAMABAD: The federal government has decided to merge the Kamyab Pakistan Programme (KPP) with the Kamyab Jawan Programme (KJP).Â
An announcement in this...
IMF approves disbursement of $1.17bn for seventh, eight tranche
ISLAMABAD: The International Monetary Fund (IMF) has approved the revival of Extended Fund Facility (EFF) program for disbursement of $1.17 billion for...
PTI challenges Miftah to prove claim it leaked Jhagra’s letter to the IMF
ISLAMABAD: Pakistan Tehreek-i-Insaaf (PTI) former federal Finance Minister Shaukat Tarin and Khyber Pakhtunkhwa (KP) Finance Minister Taimur Khan Jhagra on Monday challenged...
Massive hike in power tariff spells trouble for steel industry
ISLAMABAD:Â Massive hikes in the electricity tariff have affected all segments of the society with the steel sector in Sindh's provincial capital reporting...
Pak Suzuki Motors bounces back after loss in Q2CY22
LAHORE: Pak Suzuki Motor Company (PSMC) released its half yearly financials on Thursday, according to which the company ended the second quarter...
KP finance minister Taimur Jhagra throws spanner into IMF talks
KARACHI: The finance minister of Khyber Pukhtunwa province has withdrawn his commitment to run a provincial surplus this fiscal year, thereby potentially...
IMF to release tranche on Monday following board meeting: Miftah
ISLAMABAD: Minister for Finance and Revenue Miftah Ismail on Friday said that the International Monetary Fund (IMF) will release a loan tranche...
MoIP directed to take action against automotive manufacturersÂ
LAHORE: The National Assembly Standing Committee on Industries and Production on Thursday directed the Ministry of Industry and Production (MoIP) to take...
Saudi Arabia to invest $1bn in Pakistan
ISLAMABAD: Following the Qatari leadership's announcement to invest $3 billion in Pakistan, Saudi Arabia has also assured the Pakistani leadership of an...
Public-owned Qatari companies to run Islamabad, Karachi airports
ISLAMABAD: State Minister for Finance Aisha Ghaus Pasha on Thursday announced that public-owned companies of Qatar plan will run Islamabad and Karachi...