By Staff Reporter ISLAMABAD: Prime Minister Shehbaz Sharif on Monday green-signalled import of super-critical quality coal from Afghanistan in Pakistani rupees instead of dollars to
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Profit repatriation rises to $1.6 billion in July-May FY2022
By Staff Reporter
KARACHI: Multinational companies’ (MNCs) profit and dividends on their investment rose by 6.95 percent in the first 11 months of current fiscal year, the central bank data showed on Monday.
BRICS: India suspected of locking Pakistan out of non-members meeting
By Staff Reporter
ISLAMABAD: Voicing its strongest condemnation, the Foreign Office (FO) on Monday said Pakistan’s participation in a virtual High-Level Dialogue on Global Development on the sidelines of BRICS meetings was barred by a member country with a mala fide intent.
Pakistan signs debt suspension deal with France
By our correspondent
ISLAMABAD: The government on Monday signed a debt service suspension agreement with France amounting to suspension of loan worth $107 million, under the G-20 Debt Service Suspension Initiative (DSSI) framework.
PM launches public-private panel to spur economic activities
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif has tacked together a powerful new panel that brings together federal ministers, lawmakers, and business tycoons to join heads for the promotion of commercial activities in the country, a statement said on Monday.
IMF Target: Rs10/litre petroleum levy on fuels likey from July
By Staff Reporter
ISLAMABAD: Inflationary fires are set to get worse as the government is weighing slapping Rs10/litre Petroleum Levy on fuels from July 1 as the IMF insists it is critical to cut a staff-level deal for the resumption of a suspended loan, Independent Pakistan has learnt.
PYLONS, SUNSET, SILHOUETTE: Image courtesy of Pixabay
Power tariffs rise come July 1
By Naveed Naqvi
ISLAMABAD: Come July 1, the price of electricity – that ubiquitous and most essential utility of our time – will climb even higher for households and businesses across much of Pakistan.
ISLAMABAD: Minister of Finance Miftah Ismail addressing a press conference along with others at Pak Secretariat in Federal Capital. ONLINE PHOTO by Sultan Bashir dated June 11, 2022
Miftah Ismail’s ironclad case for super tax
By Staff Reporter
ISLAMABAD: A candid exchange over Twitter involving Finance Minister Miftah Ismail was reported here the other day as “a rare peek” into his approach to budget making. It turns out such peeks are anything but rare.
IHC chucks plea to interfere with legislation
ISLAMABAD: The Islamabad High Court Monday threw out another petition seeking changes to the voting procedure for overseas Pakistanis. The petitioner’s council said that the
OFFICIAL SEAL: Image courtesy IMF official website
Staff level deal with IMF likely this week
By Staff Reporter
ISLAMABAD: Pakistani authorities are expecting the International Monetary Fund (IMF) to share a draft Memorandum of Financial and Economic Policies (MEFP) in the next 24 hours, paving the way for a staff level agreement within this week.