Pakistan has met all prior actions for review, says IMF
Islamabad: The International Monetary Fund (IMF) on Tuesday said that Pakistan has fulfilled all previous actions by raising the Petroleum Development Levy...
SECP to introduce digital asset management companies
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Monday introduced the concept of Digital Asset Management Companies (AMCs) to promote...
Highest inflation in 14 years, July figures hit 24.9pc
ISLAMABAD: The Consumer Price Index (CPI) inflation in July 2022 leaped to over a decade high of 24.9 per cent fueled by...
Pakistan fulfills all IMF demands for release of $1.2bn loan tranche
KARACHI: The Ministry of Finance along with the State Bank of Pakistan (SBP) on Sunday released a joint a statement announcing that...
Govt doubles PL on petroleum products to comply with IMF demands
ISLAMABAD: The government has doubled the petroleum levy on petroleum products to comply with the International Monetary Fund's (IMF) demands for the...
Power Division to pay Rs32.8bn to save PSO from defaulting
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed the Power Division to make immediate payments worth Rs32.8 billion to...
Miftah forecasts pressure on rupee easing within 2 weeks
Finance Minister Miftah Ismail has said that the pressure on the rupee, which has pushed the local currency to drop as much...
Foreign reserves fall by $827m: SBP
ISLAMABAD: The State Bank of Pakistan (SBP) on Friday shared that liquid foreign reserves in Pakistan declined by over $826.9 million during...
Fuel prices to increase due to levy, dealers’ margin hike
ISLAMABAD: The government is likely to increase the prices of diesel and petrol with the start of the next month, Profit learnt...
S&P downgrades Pakistan’s outlook to negative
S&P Global Ratings cut Pakistan’s credit outlook to negative from neutral as the nation’s external position weakens with higher commodity prices, the...
Toyota announces price increase for all CKD units
LAHORE: Toyota Indus Motor Company (IMC) has introduced a price increase for all of its completely-knocked-down (CKD) units.
The price increase for its...
ECC lifts ban on imported goods
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Thursday decided to lift the ban on imported goods except for auto...
Another hike in power tariff on the cards
ISLAMABAD: The National Electric Power Regulatory Authority on Thursday reserved its decision regarding a proposed power tariff hike for the consumers of...
Auto parts makers face crisis
LAHORE: Attendants voiced how the industry was on the precipice of a collapse at a conference hosted by the Pakistan Association of...
LPG price hiked by Rs10 per kg without OGRA notification
ISLAMABAD: The prices of Liquefied Petroleum Gas (LPG) on Wednesday increased by Rs10 per kilogram without a notification from the Oil and...