Most of FY21 budget was spent on debt, interest payments: AGP
ISLAMABAD: Pakistan spent Rs18,486.19 billion out of the Rs21,837.24 billion of its total budget in fiscal year 2020-21 (FY21) to repay debt...
Miftah pushes for quick completion of WB initiatives
ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail urged for fast-tracking the progress of all the World Bank’s initiatives in Pakistan...
Saudi Arabia rolls over $3bn deposits for one year
The Saudi Fund for Development (SFD) on Sunday confirmed the rollover of a $3 billion deposit for Pakistan, which will mature on...
President orders CDNS to pay correct profits on certificatesÂ
ISLAMABAD: President Dr Arif Alvi has directed the Central Directorate of National Savings (CDNS) to pay profit on Special Saving Certificates (SSCs)...
DISCOs again seek power price hike under FCA of August
ISLAMABAD: The power tariff is again likely to be increased as the Central Power Purchasing Agency (CPPA) has filed an application with...
Auto parts manufacturers ask govt to increase import quota
LAHORE: Pakistan Automotive Manufacturers Association (PAMA) and Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) have jointly written a letter to...
OGDCL to award $85m Uch project to firm against audit dept’s adviceÂ
ISLAMABAD: In a move against its audit department’s advice, the Oil and Gas Development Company Limited (OGDCL) is all set to award...
POL import bill up by 6.97pc to $3.3bn in 2 months
ISLAMABAD: Imports petroleum group witnessed an increase of 6.97 per cent during the first two months of the current fiscal year 2022-23...
Pak-Iran ‘Pishin border market’ to open next month
ISLAMABAD: The opening of Pakistan-Iran 'Pishin border market' is expected in the coming month, which is aimed at increasing free trade between...
Suzuki Pakistan launches Alto VXR AGSÂ
LAHORE: Pak Suzuki Motor Company (PSMC) has introduced the fourth variant to PSMC’s best selling car of FY22, the new Alto VXR...
No more imported fuel-based power projects, Dastgir saysÂ
ISLAMABAD: Minister for Power Khurram Dastgir on Wednesday while reffering to the government’s plan of solarisation termed it the foundation for providing...
No import curbs on raw materials: SBP
KARACHI: The State Bank of Pakistan (SBP) on Tuesday said that there is no restriction on the import of raw materials for...
New details emerge about defunct startup Airlift’s downfall
LAHORE: New insights regarding the now defunct Airlift have come to the fore, shedding light on the happenings that led to its...
Govt reviews feasibility of privatising DISCOs
ISLAMABAD: The Cabinet Committee on Privatisation (CCoP) has directed the Privatisation Commission (PC) to present a detailed presentation on the management of...
SBP suspends authorisation of Great Union Exchange, Swiss International Exchange
KARACHI: The State Bank of Pakistan (SBP) on Tuesday suspended, with immediate effect, the authorisation of two exchange companies including the Swiss...