By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif unveiled a loan package worth Rs1.8 trillion for farmers this year, saying it would help support the flood-hit agriculture sector of the country.
Economy
Govt keeps fuel prices unchanged
By Staff Reporter
ISLAMABAD: The government left domestic fuel prices unchanged on Monday at the second consecutive fortnightly review under an IMF-backed pricing mechanism that links energy prices to international markets.
Government approves import of 300,000 tons of Russian wheat
By Staff Reporter
ISLAMABAD: Pakistan is set to import 300,000 tons of wheat at $372 a ton from Russia in a government-to-government deal as it battles to secure supplies after devastating floods in summer damaged the country’s strategic food stockpiles.
A Pakistani farm hand is seen fertilising a wheat field by hand in this photo by Qasim Ghauri dated February 11, 2021. Image courtesy of APP.
No G2G imports of urea fertiliser?
Pakistan must import about 300,000 MT of urea fertiliser, and commercial import prices may be out of the grower’s reach, necessitating a budget-breaking subsidy. By Muhammad Ali.
Finance ministry paints bleak economic outlook
By Staff Reporter
ISLAMABAD: The outlook for Pakistan’s economy darkened due to recent flash floods with inflationary and external sector pressures continue to hamper growth and a range of economic indicators pointing towards an impending crisis, the finance ministry said.
Prime Minister Muhammad Shehbaz Sharif giving away the award for best overall performance to ASP Anum Sher at the passing out ceremony of the 48th STP of the PSP at National Police Academy in Islamabad on October 28, 2022. Photo courtesy of PTV News.
MBS to visit Pakistan soon to announce $12 bn investment, says PM
Addressing the passing out parade of the 48th STP batch of the Police Service of Pakistan, Shehbaz Sharif lavished the service with praise over its role in Pakistan’s struggle against terrorism. By Monitoring Desk.
ECC approves import of 800,000 tons of wheat
By Staff Reporter
ISLAMABAD: The Economic Coordination Committee (ECC) on Friday approved the import of 800,000 tons of wheat through the Trading Corporation of Pakistan (TCP) as the country’s existing strategic food stockpiles are running out.
Minister for Climate Change Sherry Rehman, Minster for Planning Ahsan Iqbal, and Minister for Economic Affairs Ayaz Sadiq launched the PDNA at Islamabad on Friday. Photo courtesy @ EUPakistan
Pakistan needs over USD 16 billion to recover from flooding disaster
A PDNA drawn in collaboration with international development agencies puts the toll of the cataclysmic deluge at USD 30.1 billion, and highlights urgency of action as more than 8 million Pakistanis remain displaced. By Muhammad Ali.
Paracetamol to cost 20 percent higher
By Staff Reporter
KARACHI: Production of paracetamol products had resumed in the country after an agreement on new prices was reached between the government and pharmaceutical industry, the finance ministry said on Wednesday.
Pakistan is out of FATF grey monitoring list
By Staff Reporter
ISLAMABAD: The Financial Action Task Force (FATF) a global money laundering and terrorism financing watchdog, on Friday removed Pakistan from its gray monitoring list after four years.