By Staff Reporter
KARACHI: Pakistan’s foreign direct investment (FDI) fell 43 percent to $59 million in July from $103.8 million same period last a year ago, the central bank data showed on Wednesday.
Latest
Qatar plans to invest $3 billion in Pakistan
By Staff Reporter
ISLAMABAD: Qatar’s sovereign wealth fund plans to invest $3 billion Pakistan, the ruler’s office said on Wednesday, extending its support to the cash-strapped economy of the South Asian country.
Current account deficit narrows to $1.21 billion in July
By Staff Reporter
KARACHI: Current account deficit narrowed to $1.21 billion, in the first month of the fiscal year that began July 1 from $2.187 billion in the previous month, boosted by a sharp cut in imports, the central bank said in balance of payments figures released on Wednesday.
PM Sharif exempts 17 million electricity consumers from fuel adjustment charges
By Staff Reporter
KARACHI: The government planned to exempt at least 17 million consumers from paying fuel adjustment charges (FCA) in their monthly electricity bills to provide relief from sky-high energy bills, Prime Minister Shehbaz Sharif said on Tuesday.
PMDC, PIMS bills clear Senate panel
The Chairman of the Committee apparently came round to the majority opinion, allowing the crucial legislation to pass. By Naveed Naqvi.
Islamabad court summons ex-PM Khan in contempt case
The court issued Khan a show cause notice, ordering him to appear in person to explain threatening remarks against woman judge. By Naveed Naqvi
Shahbaz Gill, the chief of staff of former Prime Minister Imran Khan pictured leaving the district courts after he was sent on a two-day physical remand, in Federal Capital on August 22, 2022. ONLINE PHOTO by Sultan Bashir
Why would Gill keep a gun at his second pad?
The police say they found a pistol, a satellite phone, and a passport from the Parliament Lodges luxury suite. By Naveed Naqvi.
New tax on tobacco and cigarettes to keep Pakistan on-budget
New taxes to keep government on-budget
Keeping the country solvent is an important priority, but marshalling resources for floor relief and rehabilitation needs to move up the ladder.
New tax on tobacco and cigarettes to keep Pakistan on-budget
President Alvi signs ordinance raising taxes on tobacco products
By Staff Reporter
ISLAMABAD: President Arif Alvi on Monday signed an ordinance further raising taxes on tobacco products to generate an additional revenue of Rs38 billion ahead of the International Monetary Fund’s crucial board meeting on Pakistan’s bailout funding.
Qatar agrees to provide $2 billion in financial aid to Pakistan
By Staff Reporter
KARACHI: Qatar has agreed to extend $2 billion bilateral support to help ease Pakistan’s funding crunch ahead of the International Monetary Fund’s (IMF) board meeting due of August 29, central bank said on Monday.