By Staff Reporter
TEHRAN: Islamabad has tapped Tehran for import of additional electricity from Iran for Makran Division in Balochistan and broadening of bilateral economic relations, an official statement said on Tuesday.
Economy
Urgent shipment of Indonesian palm oil gets underway
By Staff Reporter
ISLAMABAD: All is set for Indonesia to send ten shiploads of palm oil to Pakistan on urgent basis, with the first ship ready to set sail for Karachi on Tuesday, according to a statement issued by the Prime Minister’s Office.
207 vs dollar: Rupee hits record low on IMF uncertainty
By Staff Reporter
KARACHI: The rupee hit a new record low against the US dollar in early Tuesday trade as the relentless surge in global crude oil prices raised concerns about a sustained rise in imported inflation, while a shortage of dollars threatens to spiral into a fullblown crisis.
File photo
LAHORE:: A view of high voltage electric wires fell down on a Rickshaw at Garhi Shahu area in Provincial Capital. ONLINE PHOTO
Staggered Increase: ECC passes Rs7.91/unit power tariff hike
By Staff Reporter
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday consented to a hike of Rs 7.91/unit in the baseline power tariff on average, but in a staggered manner, starting from July 1, 2022.
Bailout Blues: IMF rejects budgetary measures as not enough
By Staff Reporter
ISLAMABAD: Pakistan will have to ‘do more’ to align the Budget 2022-23 with IMF’s requisites for the resumption of Extended Fund Facility (EFF) programme, a top fund official said on Monday.
Legislative Blunders: Controversial PMC, PIMS laws revoked
By Staff Reporter
ISLAMABAD: The National Assembly (NA) on Wednesday quashed two polemic laws as part of Shehbaz government’s drive to right the former PTI regime’s legislative wrongs.
Pakistan targets a growth rate of 5pc next fiscal
By Staff Reporter
ISLAMABAD: Setting the economic targets for the next fiscal year, the National Economic Council (NEC) on Wednesday signed off on an economic growth rate of 5 percent, a consolidated public sector outlay of Rs2.184 trillion, flat compared to this fiscal’s Rs2.135 trillion, and an inflation rate of 11.5 percent.
Electricity crisis: Markets to close at 8:30PM
By Staff Reporter
ISLAMABAD: The National Economic Council (NEC) on Wednesday decided to close markets across the country at 8:30pm to conserve energy, which has become too expensive to afford for the consumers in Pakistan.
Operational Issues: British Airways offs direct Pakistan’s flights for fortnight
By Staff Reporter
ISLAMABAD: British Airways on Tuesday suspended its direct flights from London’s Heathrow Airport to Islamabad owing to operational issues for fifteen days (June1-30).
CM Punjab election: Court serves notices on Hamza, AGP, others
By Staff Reporter
LAHORE: The PTI’s petition seeking Hamza Shehbaz’s election as Punjab chief minister declared illegal has succeeded in having a court serve notices on Prime Minister’s son, the Attorney General of Pakistan, and others.