Suzuki extends plant shutdown
LAHORE: Pak Suzuki Motor Company (PSMC) notified the Pakistan Stock Exchange (PSX) on Friday that it will observe non-production days (NPD) from...
PM urged to investigate SSGC, KE for production of expensive electricity
ISLAMABAD: The Transparency International Pakistan (TIP) has asked Prime Minister Shehbaz Sharif to investigate a complaint against KE according to which the...
PM waives off FAC for up to 300 units of power consumption
ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday waived off the fuel adjustment charges (FAC) for power consumers who consume up to 300...
Govt to implement new tax scheme for traders
ISLAMABAD: The Federal Board of Revenue (FBR) will plan and implement a new tax scheme in consultation with traders from all over...
August inflation hits 27.3pc, highest in 47 years
ISLAMABAD: Increased cost of fuel, and energy along with the devaluation of local currency has resulted in a 27.26% rise in inflation...
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...