Govt working to promote net-metering based solar energy systems, says Hammad Azhar
Federal Minister for Energy Muhammad Hammad Azhar has said that the government and Alternative Energy Development Board (AEDB) have been promoting the...
PM Imran Khan set to embark upon historic China trip today
ISLAMABAD: Prime Minister Imran Khan is all set to meet Chinese President Xi Jinping with a list of measures aimed at seeking China’s...
IMF board approves 6th tranche of loan program for Pakistan
ISLAMABAD: The International Monetary Fund (IMF) board has approved the 6th tranche of their $6 billion Extended Fund Facility program for Pakistan.
Federal...
Pakistan raises $1bn through international Sukuk
The government of Pakistan has successfully raised $1 billion through the issuance of international sukuk.
The Finance Division states that the transaction generated...
OMCs, refineries ask for enhanced trade finance facilities amidst bank fraud investigation
Despite the recent investigation by Federal Investigation Agency into the alleged role of two prominent members of the Oil Companies Advisory Council...
SC suspends LHC’s RUDA verdict, allows govt to continue work on acquired land
The Supreme Court (SC) has suspended the decision of the Lahore High Court (LHC) to scrap the Ravi Urban Development Project and...
Pakistan’s textile exports set to gain edge over South Asian rivals, says Razak Dawood
Adviser to Prime Minister on Commerce Abdul Razak Dawood on Monday said that Pakistan’s textile sector’s exports are set to swell to...
SBP Amendment Bill passes Senate in a rushed vote
The Upper House of the Parliament, Senate on Friday approved the State Bank of Pakistan (SBP) Amendment Bill on Friday.
The bill has...
Punjab govt to appeal in SC for restoration of RUDA
The Supreme Court of Pakistan has dismissed appeals against the interim order to restore the Ravi Urban Development Authority (RUDA) and said...
IMF defers Pakistan’s sixth review until Feb 2
The executive board of IMF has extended the date for the sixth review of Pakistan under the $6 billion extended fund facility...
CCP initiates enquiry into suspected carterlisation in T-bills auction
The Competition Commission of Pakistan (CCP) has initiated an enquiry into the suspected cartelization by primary dealers in the recent auction of...
Status quo policy rate: 9.75%
The State Bank of Pakistan (SBP) held its benchmark interest rate at 9.75% on Monday signaling a pause in the tightening cycle.
"There's...
Senate committee to take up SBP Amendment Bill on January 27
The Senate Standing Committee on Finance and Revenue will take up the State Bank of Pakistan (SBP) Amendment Bill, 2021, on January...
CPPA proposes Rs3.12 per unit increase in electricity prices
ISLAMABAD: The Central Power Purchasing Agency (CPPA) has asked National Electric Power Regulatory Authority (NEPRA) to approve an increase of Rs3.12 per...
Pakistan approves export of selected goods to Afghanistan against PKR
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Friday allowed the export of selected commodities to Afghanistan against Pakistani currency.
The...