SBP contracts Supernet for tech services
KARACHI: The State Bank of Pakistan (SBP) has awarded a Rs100 million contract to Supernet, a subsidary of Telecard for IT and...
ADB approves $603m loan to support Pakistan’s Ehsaas programme
LAHORE: The Asian Development Bank (ADB) has approved a $603 million results-based lending programme to strengthen and expand social protection programmes in...
Rupee freefall continues as dollar reaches 177.50 in intraday trade
The Pakistani rupee continued to slide against the US dollar on Wednesday as it depreciated by a another 65 paisa to set...
FBR suspends new property valuations till Jan 16
ISLAMABAD: The Federal Board of Revenue (FBR) has held in abeyance the recently notified valuation rules to allow registration of the in-process...
Mobile imports decline by 73pc as Pakistan begins manufacturing
ISLAMABAD: The import of cell phones has drastically decreased by 73 per cent during the first five months of the current fiscal...
Rupee breaks all previous records against US dollar despite $3bn Saudi deposit
KARACHI: Pakistani rupee on Tuesday plunged against the US dollar in the interbank market once again to hit yet another all-time low...
Uber seeking investment upwards of $700m for Careem
LAHORE/ISLAMABAD: Ride-hailing giant Uber is in the process of raising an investment north of $700 million for Careem, which the company intends...
Finance committee directs FBR to revoke recent property valuations
ISLAMABAD: The Senate Standing Committee on Finance, Revenue has directed the Federal Board of Revenue (FBR) to revoke the recently issued SRO...
SNGPL suspends gas supply to CNG stations in Punjab, KP
ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) on Monday cut off gas supply to Compressed Natural Gas (CNG) stations in Punjab and...
Rupee shows slight recovery on the back of $3bn Saudi fund
The Pakistani rupee recovered nearly 30 paisas on Monday as Pakistan received the much-awaited $3 billion funds from Saudi Arabia.
With an increase...
Pak-Afghan trade continues to decline
PESHAWAR: Trade between Pakistan and Afghanistan is on a constant decline because the of hurdles created by different government departments at the...
Shaukat Tarin confirms SBP’s receipt of $3bn deposit from Saudi Arabia
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin announced on Saturday that the State Bank of Pakistan (SBP)...
OCAC requests DG Oil to resolve furnace oil overload issue at refineries
ISLAMABAD: Independent Power Producers (IPPs) are allegedly under-maintaining stocks of High Sulphur Furnace Oil (HSFO) and Low Sulphur Furnace Oil (LSFO), with...
Tarin files nomination papers for vacant Senate seat
PESHAWAR: Advisor to the Prime Minister on Finance and Revenue Shaukat Tarin has filed his nomination papers for a vacant Senate seat...
FBR prepares ‘mini-budget’ to raise tax on vehicles, mobile phones
ISLAMABAD: The Federal Board of Revenue (FBR) has prepared a mini-budget based on conditions set by the International Monetary Fund (IMF) for...