News Desk
The tax authority seized 58.8 million cigarettes in the first quarter of the fiscal year 2023-24, as part of its crackdown on the illicit tobacco sector, but failed to prosecute or imprison any of the offenders who are evading taxes and causing losses to the national exchequer.
By Staff Reporter
ISLAMABAD: The Asian Development Bank (ADB) on Friday approved $250 million in loans that will help deliver reliable electricity in Pakistan by expanding and improving the power transmission network in the country’s Punjab and Khyber Pakhtunkhwa provinces.
By Staff Reporter ISLAMABAD: Pakistan will need a new short-term loan from the International Monetary Fund (IMF) to cope with its fragile economy and may
The SLA paves the way for the disbursement to Pakistan next month of another USD 700 million to Pakistan under a 9-month SBA signed this July. By Muhammad Ali.
A panel of experts has been appointed to ensure operational readiness for exchange-tradable government debt securities. By Muhammad Ali.
Pakistan’s fat-cat bankers may finally be on the hook to fork out part of the bonanza of profits they have been pocketing since the onset of the Covid-19 global pandemic. By Muhammad Ali.
A staff level agreement expected Wednesday evening may require Pakistan to hike power tariff and arrange USD 2 billion in external financing. By Muhammad Ali.
By Staff Reporter
ISLAMABAD: Pakistan’s newly created Special Investment Facilitation Council (SIFC) to attract foreign investors has come under scrutiny from the International Monetary Fund (IMF), which has advised the country to avoid creating distortions or preferential treatment in its business deals, Dawn newspaper reported on Wednesday.
By Staff Reporter
ISLAMABAD: The Privatization Commission (PC) said on Friday that it had approved the appointment of a British consortium led by Ernst & Young as the financial adviser for the privatization of the loss-making Pakistan International Airlines (PIA) by the end of January 2024.
By Staff Reporter
KARACHI: Stocks soared to a new record high on Friday, crossing the 55,000 level for the first time, as investors anticipated a cut in the policy rate and welcomed the progress in the talks with the International Monetary Fund (IMF).
