By Naveed Naqvi
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Friday approved a hike in prices of 49 medicines, while also approving a grant of more than Rs21.95 billion for dealing with natural calamities and other projects.
By News Desk
ISLAMABAD: Prime Minister Shehbaz Sharif said he was hopeful of finalising a deal with the International Monetary Fund (IMF) in June, as the country grapples with a crippling economic crisis.
By Staff Reporter
ISLAMABAD: The International Air Transport Association (IATA) warned on Sunday that countries such as Pakistan have witnessed a rapid surge in the level of blocked funds, posing a significant threat to airline connectivity in affected markets.
By Staff Reporter
ISLAMABAD: Pakistan International Airlines (PIA) has leased its Roosevelt Hotel in New York City to the New York City Administration for three years for $220 million, a minister said Sunday.
By Staff Reporter
ISLAMABAD: Pakistan’s economic outlook for the next year appears promising, with a growth target of 3.5 percent set amidst expectations of political stability, improvements in the external account, and a steadfast macroeconomic environment.
By Staff Reporter
ISLAMABAD: Pakistan’s Finance Minister Ishaq Dar said on Saturday there was no technical reason for the delay in resuming a $6.5 billion International Monetary Fund (IMF) programme that has been stalled since November, and assured the country would not default on its debt obligations.
By Staff Reporter
ISLAMABAD: Nearly half of Pakistan’s cigarette market is dominated by illicit brands that evade taxes and sell below the minimum legal price, a survey by market research firm IPSOS showed on Friday.
By Staff Reporter
ISLAMABAD: Oil and Gas Regulatory Authority (Ogra) on Friday approved gas price hikes of 40 percent and 45 percent for consumers of Sui Northern Gas Pipeline Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL), respectively, for the fiscal year 2023-24.
By Staff Reporter
ISLAMABAD: Pakistan has approved a barter trade mechanism with Afghanistan, Iran and Russia to boost trade and help the country’s struggling economy, the commerce ministry said on Friday.
By Staff Reporter
ISLAMABAD: Pakistan’s inflation hit another record high in May, making it Asia’s fastest for a second month, just days before the next fiscal budget is due to be unveiled in a country facing unprecedented economic challenges.
