FBR exceeds July-February target, collects Rs3.79tr

As per the provisional data released by the Federal Board of Revenue (FBR), the tax authority has exceeded the target of Rs3.53...

Stung by criticism, Khan rolls out massive subsidy plan

In a surprise move, Prime Minister Imran Khan announced a massive cut of Rs10 per litre in the price of petrol and...

What big announcement is Imran Khan going to make?

Prime Minister Imran Khan will address the nation today at 6pm and is expected to make important announcements including an expected reduction...

NBP fined over $55mn for anti money laundering violations, compliance failures in US

The US Federal Reserve Board on Thursday announced a $20.4 million penalty against the National Bank of Pakistan (NBP) for violation of...

Current account deficit hits $2.6bn

Current Account Deficit (CAD) clocked in at $2,556 million for the month of Jan '22 compared to deficit of $219 million during...

KSE 100 recovers with tea maker buy-back, UBL financials

On February 23, the three indices used to reflect the Pakistani stock market and its performance, exhibited sharp decline for the first...

PM approves reforms for freelance, IT sector

Prime Minister Imran Khan on Tuesday, approved multiple reforms to facilitate the IT, freelancer and startup sector. Included in the reforms were...

MCB allowed due diligence to acquire 55pc stake in Easypaisa

The State Bank of Pakistan (SBP) has granted conditional approval to MCB Bank to conduct due diligence for a potential transaction for...

PPL discovers hydrocarbon reserves in Sindh

Pakistan Petroleum Limited (PPL) has disclosed that it has made a hydrocarbon discovery from exploratory well, Mohar-1, in the Latif Block (the...

Electricity price likely to increase by Rs6.1 per unit

After a massive hike in the prices of petroleum products, electricity prices are likely to be jacked up by Rs6.1 per unit...

WACOG Bill passed by Senate, RLNG future secured but at what cost?

The Senate has passed a bill to adopt the Weighted Average Cost of Gas (WACOG) to price the gas. Although it is...

NEPRA decreases power tariff by Rs2.59 per unit for K-Electric consumers

National Electric Power Regulatory Authority (NEPRA) has approved Rs2.59 per unit cut in the power price for the consumers of K-Electric on...

Govt jacks up petrol price by Rs12.03 per litre

The government on Tuesday jacked up the price of petrol by Rs12.03 per litre with immediate effect. According to Finance Division, petrol price...

Govt intends to launch 5G by 2023, says PTA chairman

Pakistan Telecommunication Authority (PTA) Chairman on Tuesday informed the Senate Standing Committee on Information Technology and Telecommunication that the government intends to...

No use of digital tablets to read gas, power bills during 7th census, says PBS

Pakistan Bureau of Statistics (PBS) has refused to use tablets for reading gas and electricity bills of households for the 7th Housing...