By Staff Reporter
ISLAMABAD: Pakistan’s highest electricity tariffs in the region have prompted the country’s top business chamber to seek a Supreme Court-ordered forensic audit of independent power producers (IPPs), amid allegations of excess payments and sector irregularities.
By Staff Reporter
ISLAMABAD: The much-hyped Track and Trace System (TTS) has failed to bring major tax-evading sectors into the tax net, primarily due to the Federal Board of Revenue’s (FBR) inability to implement the technology-based solution seamlessly.
By Staff Reporter
ISLAMABAD: The short-term inflation rate eased to 18.4 percent in the week ended August 1, the lowest since May 2022, as prices of food and energy items declined, official data showed on Friday.
By Staff Reporter
ISLAMABAD: The Economic Coordination Committee (ECC) has approved the import of 100,000 tonnes of urea to mitigate potential supply disruptions during the upcoming cropping season, a government statement said on Friday.
By Staff Reporter
ISLAMABAD: Pakistan has asked China to reprofile its debt, Prime Minister Shehbaz Sharif said on Friday, as the country strives to secure a $7 billion bailout from the International Monetary Fund (IMF) by the end of the month.
By Staff Reporter
ISLAMABAD: Pakistan plans to regulate virtual private networks (VPNs) by whitelisting some and blocking others, the country’s telecommunication authority said on Thursday, as it seeks to curb the surge in VPN usage since the ban on X, formerly Twitter.
By Staff Reporter
ISLAMABAD: The headline inflation rate eased to 11.1 percent in July from 12.6 percent in June, the lowest level since November 2021, data from the Pakistan Bureau of Statistics (PBS) showed on Wednesday.
By Staff Reporter
ISLAMABAD: Pakistan has received five bids from Chinese firms to help it raise funds through Panda bonds, as the country seeks to return to global capital markets after making progress in shoring up its finances, Bloomberg reported on Thursday.
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif approved a surprise cut in fuel prices, trimming petrol by 2.3 percent and high-speed diesel by 3.8 percent for the next fortnight, as global market costs decline.
By Staff Reporter
ISLAMABAD: The telecoms regulator said on Wednesday internet services had been fully restored after a nationwide outage earlier in the day, caused by a fault in the main state-owned provider’s system.
