By Staff Reporter
KARACHI: The central bank on Wednesday received inflows of $ 1.16 billion from the International Monetary Fund (IMF) as loan tranche under the Extended Fund Facility.
Economy
Fuel prices raised again
By Staff Reporter
ISLAMABAD: The government on Wednesday revised the prices of petroleum products, increasing the rates of petrol by Rs2.07 per liter with effective from September 1, 2022.
PM Sharif to consult coalition partners on importing goods from India
By Staff Reporter
ISLAMABAD: The government is considering loosening restrictions on the largely closed border with arch-rival India to import mostly vegetables to mitigate cataclysmic floods fallout as food prices have risen sharply, a minister said on Wednesday.
FBR beats August collection target
The record PKR 489 billion collection exceeds the August target by a slim margin and represents a 9.15 percent growth from last August despite a 161 percent growth in refunds. By Muhammad Ali.
Govt plans import of Russian wheat as floods damaged crop
By Staff Reporter
ISLAMABAD: The government on Tuesday planned to import one million tons of Russian wheat to build strategic stocks as unprecedented flash floods caused by historic monsoon rains have washed away major crops, including wheat.
UN chief says Pakistan floods caused by ‘monsoon on steroids’; seeks $160mln in emergency aid
By Staff Reporter
ISLAMABAD: The United Nations and Pakistan launched a flash appeal on Tuesday seeking to raise $160 million in emergency aid for over 33 million people affected by record-breaking floods that have killed more than 1,100 people since June.
Update: IMF approves much-awaited $1.17bln disbursement for Pakistan
By Staff Reporter
KARACHI: The International Monetary Fund’s (IMF) executive board on Monday approved a much awaited $1.17 billion disbursement to Pakistan after completing seventh and eighth reviews of the country’s reforms under a stalled $6 billion loan program.
IMF approves much awaited $1.17bln disbursement for Pakistan
By Staff Reporter
KARACHI: The International Monetary Fund’s (IMF) executive board on Monday approved a much awaited $1.17 billion disbursement to Pakistan after completing seventh and eighth reviews of the country’s reforms under a stalled $6 billion loan program.
Federal Minister for Energy Engineer Khurram Dastgir Khan pictured during his visit of Thar Coal Block One poject on August 26, 2022. Photo courtesy Radio Pakistan
Energy minister eager to expedite Thar coal power project
Khurram Dastgir Khan hopes the project to bring much needed employment opportunities to the locals of the region as well as affordable electricity to the nation. By Naveed Naqvi.
Qatar billions not debt but investment
The energy-exporting emirate seems to be entering into a strategic partnership with energy-importing Pakistan, sweetened by investments in Pakistan’s strategic mega-ventures. By Ahmer Kureishi ISLAMABAD: