PM announces Rs120bn subsidy package to mitigate inflation impact
Prime Minister Imran Khan on Wednesday addressed the nation and announced “the country’s biggest ever” subsidy package worth Rs120 billion, providing 30...
Implementation of ‘toughest’ FATF plan nearing completion: minister
ISLAMABAD: Minister for Energy Hammad Azhar Wednesday said that Pakistan was close to completing the action plans given by the Financial Action...
Dollar falls below Rs170 against rupee in intra-day trading
The rupee appreciation continued on Wednesday with the US dollar declining by a fresh Rs0.57 to Rs169.97 in the inter-bank market during...
FBR to launch single sales tax portal this month
ISLAMABAD: Federal Board of Revenue (FBR) is set to launch Single Sales Tax Portal during this month in order to facilitate taxpayers...
Pakistan LNG issues emergency tender after term cargoes cancelled
ISLAMABAD: State-owned Pakistan LNG Limited is seeking two liquefied natural gas (LNG) cargoes for delivery in November through an emergency tender after its...
Pak-Thailand FTA likely to be finalised by end of year: envoy
ISLAMABAD: Ambassador of Thailand to Pakistan Chakkrid Krachaiwong on Tuesday announced that the Free Trade Agreement (FTA) between Pakistan and Thailand to...
Govt asks NEPRA to increase power tariff by Rs1.39 per unit
ISLAMABAD: Power consumers are likely to face an additional burden of Rs1.39 per unit as the federal government has asked the National...
Accelerated economic recovery to continue: Economic Outlook report
ISLAMABAD: Given the performance of various economic indicators, the economic recovery that had accelerated since March 2021 is expected to continue, according...
Omar Ayub appointed ECC chairman
ISLAMABAD: Prime Minister Imran Khan on Thursday appointed Minister of Economic Affairs Omar Ayub the new chairman of the Economic Coordination Committee...
Rupee extends further gains
The Pakistani rupee continued to rebound for a second straight day as it appreciated around 0.30 per cent to close at Rs172.26...
PRL, NRL & BYCO refute allegation of high carbon footprint, rally against proposed shutdown
ISLAMABAD: Three local oil refineries - Pakistan Refinery Limited (PRL), National Refinery Limited (NRL) and BYCO Petroleum Pakistan Limited - have raised...
KP govt approves excise duty on minerals for miners
The Khyber Pakhtunkhwa (KP) government on Tuesday gave approval to the imposition of excise duty on minerals for miners with a fine...
Rupee downfall continues, reaches 175.27 in inter-bank market
The rupee continued to lose ground on Tuesday, shedding another Rs0.84 or 0.48 per cent to touch the newest all-time low of...
Chinese firm resumes work on Dasu hydropower project
PESHAWAR: Work on the 4300MW Dasu hydropower project resumed on Monday after three months and ten days as the Chinese company supervising...
IMF seeks closure of public entities’ bank accounts under TSA-1
Stressing the importance of the implementation of the Treasury Single Account (TSA)-1, the International Monetary Fund (IMF) has placed a condition on...