By Staff Reporter
ISLAMABAD: Khyber-Pakhtunkhwa (KP) has become the first Pakistani federating unit to undertake much-needed pension reforms and establish a Contributory Pension Fund (CPF) for new entrants into civil come new fiscal year.
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Pakistan boast two top ICC-rated batsmen for first time
By Staff Reporter
ISLAMABAD: Pakistan’s in-form opener Imam-ul-Haq went past Indian veteran Virat Kohli to join teammate Babar Azam at the top of the ICC MRF Tyres Men’s One Day Batter rankings, a statement said on Wednesday.
OPEC Fund to lend $72mn for Mohmand Dam
By Staff Reporter
ISLAMABAD: OPEC Fund for International Development (OFID) will provide Pakistan $ 72 Million for the construction of Mohmand Dam Hydropower Project, a statement said on Wednesday.
Filers Facilitation: Senate body rejects increase in advanced tax on property deals
By Staff Reporter
ISLAMABAD: The Senate Standing Committee on Finance and Revenues on Wednesday rejected the FBR’s proposal to increase advance tax on the sale and purchase of property from 1 to 2 percent for filers in the Budget 2022-23.
World Bank lends $85mn to support low cost housing
By Staff Reporter
ISLAMABAD: Pakistan and the World Bank on Wednesday signed a deal worth $85 million for the Pakistan Housing Finance Project.
Pakistan signs two debt suspension deals
By Staff Reporter
ISLAMABAD: Pakistan on Wednesday signed two debt service suspension agreements amounting to suspension of loans worth $197.49 million, under the G-20 Debt Service Suspension Initiative (DSSI) framework.
Book Published: Planning ministry still trying to add new projects to PSDP list
By Staff Reporter
ISLAMABAD: Despite the official book having been already published, the Ministry of Planning is still making last-ditch efforts to include around 60 development projects in the Public Sector Development Program (PSDP) for the next budget 2022-23, the IP learned on Wednesday.
Petrol hits Rs233.89/litre as Pakistan reverses fuel subsidies completely
By Staff Reporter
ISLAMABAD: Taking another ‘tough’ step closer to the elusive half of the IMF loan, the government late on Wednesday raised the petroleum products rates to the highest the country has ever seen, reversing the fuel subsidies completely.
In June? Pakistan inches nearer IMF deal
By Staff Reporter
ISLAMABAD: Pakistan’s talks with the International Monetary Fund (IMF) on $6 billion bailout deal is trudging closer to the finish line, and the south Asian country could receive the stuck-up disbursement within the current month, sources said on Wednesday.
Ambassador Khan visits White House to ‘meet, greet’ President Biden
By Staff Reporter
ISLAMABAD: Pakistan’s ambassador to the US, Masood Khan, met President Joe Biden in the White House and the two discussed to reset bilateral ties, which had deteriorated in the past few years under former prime minister Imran Khan.