By Staff Reporter
ISLAMABAD: The government has sought inputs from refineries on import of crude oil from Russia along with their recommendations for the viability of the option, officials said.
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Finance Bill 2022 cruises through National Assembly
By staff Reporter
ISLAMABAD: The amended Finance Bill 2022, or the federal budget for the fiscal year 2022-23, cruised through the National Assembly on Wednesday, along with additional measures like Rs50/liter petroleum levy, higher taxation for the salaried class, and a 10 percent super tax for the tax year 2022 and onwards.
Benchmark treasury bill yield eases
By Staff Reporter
KARACHI: Yields on short term papers inched on Wednesday as the government borrowed a massive Rs1.742 trillion from the market to pay off part of massive circular debt in the energy sector.
Member Communist Party of China calls on COAS
By Staff Reporter
Rawalpindi: Yang Jiechi, member of the Political Bureau of Central Committee of Communist Party of China (CPC) and Director of Central Committee on Foreign Affairs, China called on General Qamar Javed Bajwa, Chief of Army Staff (COAS) at GHQ on Wednesday.
CHE to be renamed, HQ shifted to Karachi
By Staff Reporter
Islamabad: In a major step to bring reform to the health sector, Directorate of Central Health Establishment (DoCHE) has been shifted to its parent building in Karachi.
C/A deficits yawns 131pc in May on lower exports, remittances
By Staff Reporter
KARACHI: Pakistan’s current account deficit yawned by 131 percent month-on-month (MoM) in May, as overseas workers’ remittances and exports decreased, outpacing a downtick in imports, the central bank data showed on Tuesday.
Loans, grants fall 27pc to $505mn in May
By Staff reporter
ISLAMABAD: Inflows of dollars in the form of loans/grants shrank 27 percent to $505 million in May 2022 from $699 million in the same month last year, data showed on Tuesday, creditable to the IMF’s freezing of its loan programme.
IMF places new obstacle course before staff-level deal
By Staff Reporter
ISLAMABAD: The IMF is yet to disclose the exact size of the renewed loan programme though it did mention in its Memorandum of Economic and Financial Policies (MEFP), handed to Pakistan early on Tuesday, about extending its time frame.
Bio & Nuke Arms: Pakistan revises export control lists
By Staff Reporter
ISLAMABAD: Pakistan on Monday released the revised control lists of goods, technologies, materials, and equipment that are subject to SECDIV (Strategic Export Control Division) licence for export.
Dar to return home in July to make Miftah redundant
By Staff Reporter
ISLAMABAD: Ishaq Dar, the former and believed by some to be the de facto finance minister is said to be coming home in July 2022 to first win a court battle and then join the federal cabinet to replace Miftah Ismail, the incumbent economic executive, it is learnt.