By Staff Reporter
ISLAMABAD: The government will close its network of utility stores, which provide subsidized essential goods to millions of low-income families, as part of a drive to reduce expenses and promote competition, an official said on Friday.
By Staff Reporter
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet approved the export of a further 100,000 tonnes of sugar on Thursday, with certain conditions, to help clear surplus stocks and support the domestic industry.
By Staff Reporter
KARACHI: Inflation rate is poised to breach the single-digit barrier for the first time in three years in August, according to a forecast by brokerage houses, which could pave the way for further interest rate cuts by the central bank.
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif said on Thursday a comprehensive five-year economic revival plan, finalised after months of stakeholder consultations, will be announced in the coming weeks.
By Staff Reporter
ISLAMABAD: The government remains committed to implementing structural reforms mandated by the International Monetary Fund (IMF), Finance Minister Muhammad Aurangzeb said, as the country sees signs of economic stability.
By Staff Reporter
ISLAMABAD: Pakistan is making progress on a new $7 billion International Monetary Fund (IMF) loan program, targeting September board approval, said Finance Minister Muhammad Aurangzeb on Wednesday.
By Staff Reporter
ISLAMABAD: The telecom regulator on Wednesday blamed a faulty submarine cable for the country’s nationwide internet slowdown, dismissing allegations that the installation of a government firewall to monitor internet traffic was behind the slowdown.
By Staff Reporter
ISLAMABAD: The government has stepped up its anti-smuggling drive, with Prime Minister Muhammad Shehbaz Sharif warning that smuggling is harming the economy, as authorities seize billions of rupees worth of contraband.
By Staff Reporter
Pakistan will keep its gas tariff unchanged for the next three months, Petroleum Minister Musadik Malik said on Tuesday, as the government seeks to ease the burden on consumers amid soaring living costs.
By Staff Reporter
ISLAMABAD: In a bid to combat the rampant trade of illicit cigarettes and shore up government revenues, the Federal Board of Revenue (FBR) has introduced a controversial new advance tax on acetate tow, a key raw material used in cigarette manufacturing.
