By Staff Reporter
ISLAMABAD: The government on Monday cut local RLNG (Re-gasified liquefied natural gas) prices by up to 13.1 percent for October.
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Mining firm Barrick makes progress on $7bn Reko Diq project in Pakistan
By Staff Reporter
QUETTA: Toronto-based Barrick Gold Corporation on Monday said the process of completing the final agreements and legal steps that would enable the development of the Reko Diq project is making steady progress.
SBP unveils transaction structure for Sukuk issuance
By Staff Reporter
KARACHI: The State Bank of Pakistan (SBP) on Monday unveiled a transaction structure for the issuance of domestic Sukuk or Islamic bonds, which will be issued against new five identified underlying assets.
Imran Khan’s PTI leads in by-elections
By Staff Reporter
ISLAMABAD: Former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf party is leading in all three provinces as results pour in for the by-elections which Khan has called “a referendum” on his popularity.
Formation of Senate Committee on tobacco tax triggers ‘conflict of interest’ question
By Staff Reporter
ISLAMABAD: A Senate’s special committee, set up to review the newly enhanced rate of advance withholding tax on tobacco draws criticism from growers that the new body could turn out to be toothless.
Dar calls for greater policy support from IMF, multilateral donors
By Staff Reporter
ISLAMABAD: Finance Minister Ishaq Dar on Sunday has called for greater policy support from the International Monetary Fund (IMF) and multilateral donors in the backdrop of the climate-induced catastrophe and losses suffered by the country.
Govt keeps POL prices unchanged for next fortnight
By Staff Reporter
ISLAMABAD: The government has kept prices of petroleum products unchanged for the next fortnight, finance minister said on Saturday.
Pakistan summons US envoy over Biden’s nuclear remarks
By Staff Reporter
ISLAMABAD: Pakistan on Saturday summoned the US ambassador for an explanation on a comment made by President Joe Biden in which he called the country “one of the most dangerous nations in the world” as it has “nuclear weapons without any cohesion”.
Pakistan to defend $900 million fuel subsidy on exports at next IMF review
By Staff Reporter
ISLAMABAD: Pakistan has to defend over $900 million recently announced gas and electricity subsidy package for exporters during the upcoming International Monetary Fund (IMF) programme review meeting scheduled next month, officials said, hoping the country doesn’t see a halt it faced earlier this year due to a similar unbudgeted subsidy given by the previous PTI government.
Dar says Pakistan to seek rescheduling of $27 billion bilateral debt
Monitoring Desk
ISLAMABAD: Pakistan’s new finance minister, Ishaq Dar, told Reuters on Friday that he will seek rescheduling of some $27 billion worth of non-Paris Club debt largely owed to China, but will not pursue haircuts as part of any restructuring.