Cabinet to approve nominations for Monetary, Fiscal Policies Coordination Board
ISLAMABAD: The federal cabinet is likely to approve the nomination of eminent economists to be included the Monetary and Fiscal Policies Coordination...
Pakistan’s GDP growing at 5pc: report
ISLAMABAD: The average monthly economic indicator (MEI) for the first five months of current fiscal year (2021-22) indicates that average economic (GDP)...
Rupee continues to tumble against US dollar
KARACHI: Pakistani rupee set another low of 178.17 against the US dollar on Monday, the 12th lowest level set in December.
According to...
Shaukat Tarin takes oath as federal minister
Senator Shaukat Tarin was administered oath as the Federal Minister of Finance and Revenue by President Dr Arif Alvi on Monday.
The swearing-in...
MoC tasked to formalise barter trade with Afghanistan
ISLAMABAD: The Ministry of Commerce (MoC) has been tasked to formally implement the proposal of barter trade with Kabul as Pakistan aims...
Sufficient FO stock available to meet country’s winter energy needs: Hammad
ISLAMABAD: Minister for Energy Hammad Azhar on Sunday clarified some ‘misconceptions’ about the availability and consumption of furnace oil (FO), saying it...
Air Headquarters asks DG Oil to resolve refineries’ storage issueÂ
ISLAMABAD: Air Headquarters (AHQ) has asked the Petroleum Division’s director general (DG) Oil to intervene and urgently resolve the issue of rising...
Another 63 day OMO injection by SBP
KARACHI: The State Bank Of Pakistan (SBP) is conducting a Reverse Repo Purchase injection of the usual 7 day tenor and the...
CCoE reviews proposals to enhance domestic LPG production
ISLAMABAD: The Cabinet Committee on Energy (CCoE) on Thursday asked the Petroleum Division to review the recommendations for enhancing domestic Liquified Petroleum...
K-Electric seeks colossal hike in power tariff
ISLAMABAD: K-Electric has asked the National Electric Power Regulatory Authority (NEPRA) to approve a Rs5.50 per unit increase in the electricity tariff...
Sixth review to be presented to IMF board on Jan 12: Finance Ministry
The sixth review of the Extended Fund Facility (EFF) would be presented to the International Monetary Fund (IMF) board on January 12.
In...
Govt likely to revise SBP amendment bill
ISLAMABAD: The government is likely to revise the State Bank of Pakistan (SBP) Amendment Bill owing to reservations from different quarters.
Sources said...
Strong participation in PIBs as market anticipates pause in tightening cycle
KARACHI: The government raised Rs158 billion in the Pakistan Investment Bond (PIB) auction on Wednesday against the target of Rs100bn.
Participation in the...
ADB to loan Pakistan $1.54bn for energy, urban development projects
ISLAMABAD: The government and Asian Development Bank (ADB) on Wednesday signed six financing agreements worth $1.54 billion for energy sector reforms, social...
CCoE to discuss five agenda items today
ISLAMABAD: A meeting of the Cabinet Committee on Energy ( CCoE) scheduled to take place today will take up five agenda items...