By Staff Reporter
ISLAMABAD: Finance minister Ishaq Dar said the country is ready to buy fuel from Russia if the same rate that India is paying is applicable to Pakistan as well.
Economy
Pakistan flood losses now estimated at $40bn
By Staff Reporter
ISLAMABAD: The government on Wednesday said the damage from this summer’s catastrophic flooding is now estimated at $40 billion, as much as 25 percent higher than projections a month ago.
Pakistan’s troubles justify slump in bond prices: JPMorgan
Monitoring Desk
KARACHI: Investment bank JPMorgan has called the slump in Pakistan’s bonds to just a third of their face value justified, following the country’s devastating floods and recent warnings by officials that some debt payments may need to be suspended.
Govt cuts RLNG price by 13pc for October
By Staff Reporter
ISLAMABAD: The government on Monday cut local RLNG (Re-gasified liquefied natural gas) prices by up to 13.1 percent for October.
Mining firm Barrick makes progress on $7bn Reko Diq project in Pakistan
By Staff Reporter
QUETTA: Toronto-based Barrick Gold Corporation on Monday said the process of completing the final agreements and legal steps that would enable the development of the Reko Diq project is making steady progress.
SBP unveils transaction structure for Sukuk issuance
By Staff Reporter
KARACHI: The State Bank of Pakistan (SBP) on Monday unveiled a transaction structure for the issuance of domestic Sukuk or Islamic bonds, which will be issued against new five identified underlying assets.
Imran Khan’s PTI leads in by-elections
By Staff Reporter
ISLAMABAD: Former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf party is leading in all three provinces as results pour in for the by-elections which Khan has called “a referendum” on his popularity.
Formation of Senate Committee on tobacco tax triggers ‘conflict of interest’ question
By Staff Reporter
ISLAMABAD: A Senate’s special committee, set up to review the newly enhanced rate of advance withholding tax on tobacco draws criticism from growers that the new body could turn out to be toothless.
Dar calls for greater policy support from IMF, multilateral donors
By Staff Reporter
ISLAMABAD: Finance Minister Ishaq Dar on Sunday has called for greater policy support from the International Monetary Fund (IMF) and multilateral donors in the backdrop of the climate-induced catastrophe and losses suffered by the country.
Govt keeps POL prices unchanged for next fortnight
By Staff Reporter
ISLAMABAD: The government has kept prices of petroleum products unchanged for the next fortnight, finance minister said on Saturday.