By Staff Reporter
ISLAMABAD: Despite the government’s repeated claims to end load shedding, Pakistani households and businesses continued to suffer intermittent power outages in the scorching summer heat of June – and the pattern shows no signs of going away in July.
By Staff Reporter
ISLAMABAD: Historic high inflationary pressures threaten to hold Pakistan’s economy hostage in the new fiscal year in the wake of consumer inflation reaching 21.34 percent for June, the last month of the previous fiscal.
By Staff Reporter
ISLAMABAD: The All Pakistan Textile Mills Association (APTMA) Saturday aired an urgent appeal for the government of Prime Minister Shehbaz Sharif to lift a suspension of LNG for export oriented industries including the textile sector.
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif on Friday, in his first interaction with the new full-time US envoy, said Pakistan wished mutually respected ties with Washington, which could be further bolstered through investment, trade, and development finance, a statement said.
By Staff Reporter
ISLAMABAD: Pakistan on Friday invited US investors to make the most of the high-return investment opportunities that were up for grabs right now, especially in renewable energy as well as other sectors of the economy, a statement said on Friday.
By Staff Reporter
LAHORE: Islamabad and New Delhi on Friday swapped the lists of civilian prisoners and fishermen languishing in the jails of both sides, under the provisions of the Agreement on Consular Access signed between the two countries in 2008.
By Staff Reporter
ISLAMABAD: Pakistan and its development partner, the IMF, are stretching their negotiatory limits to carve out a consensus on Prior Actions (PAs) for a staff accord, but the talks are stalemating as the lender is not backing down on its demand for putting a powerful anti-corruption watchdog among the dirty government officials from top to bottom.
By Staff Reporter
ISLAMABAD: The Supreme Court on Friday ruled the election for the post of Chief Minister Punjab would take place on July 22 to allow all parties due time to prepare for the exercise, but ordered Hamza Shahbaz to continue in office until that time.
By Staff Reporter
ISLAMABAD: Chairman Federal Board of Revenue (FBR) Asim Ahmad told journalists Friday in the presence of Federal Minister for Finance Miftah Ismail that the authorities had started collecting data from National Database and Registration Authority (NADRA) to help broaden of tax base.
By Staff Reporter
ISLAMABAD: Official data published Friday put the crucial Consumer Price Index (CPI) for the month of June 2022 at 21.32 percent, up 6.34 percent month-on-month from the level reported for May, a reflection of how the purchasing power of the common Pakistani is evaporating in thin air.
