By Staff Reporter
ISLAMABAD: The United Arab Emirates is planning to invest $1 billion in Pakistani companies spanning various sectors, state-run news agency WAM reported on Friday.
Top Stories
Imran Khan to contest by-elections on all 9 vacant seats
By Staff Reporter
ISLAMABAD: Pakistan Tehreek-i-Insaf (PTI) chief Imran Khan on Friday announced to contest an election on all nine National Assembly seats that fell vacant after his party’s lawmakers resigned.
SBP eases cash margin curbs
By Staff Reporter
KARACHI: The State Bank of Pakistan (SBP) on Friday eased 100 percent cash margin requirements on all import on deferred payments to facilitate importers, it said.
ECC rejects Russian wheat at $400/ton; suggests counter price
By Staff Reporter
ISLAMABAD: Pakistan is likely to accept import offers made for wheat well below $400/ton for a quantity of 300,000 tons at a government-to-government arrangement with Russia.
Curtains for Imran Khan?
By Ahmer Kureishi
If some of Pakistan Muslim League-Nawaz (PML-N) leaders expected the Election Commission of Pakistan (ECP) to burn Imran Khan on stake, well, their hopes have not prospered. But if you look at the ruling handed down by Chief Election Commissioner Sikandar Sultan Raja and his two colleagues, you cannot help appreciating a job well done.
Pakistan gets China’s nod on $2 billion debt rollover
By Staff Reporter
ISLAMABAD: China has allowed cash-strapped Pakistan to rollover $2 billion worth of short-term commercial loans to provide a major relief for its all-weather ally, which is reeling under major economic crisis.
July inflation hits 14-year high as another rate hike looms
By Staff Reporter
KARACHI: July inflation accelerated to its highest in 14-year on runaway food prices, stoked by a battered rupee, raising prospects of more rate hike by central bank later this month, official data showed on Monday.
“Pakistan will solve temporary economic crisis with IMF help”
By Staff Reporter
KARACHI: Pakistan’s economic problems are only temporary, and the government is committed to forcefully managing especially its ballooning debt with assistance from the International Monetary Fund (IMF), finance ministry said, expressing its confidence that measures were moving the country in the right direction.
Finance minister Miftah Ismail addressing a press conference in Islamabad on July 31, 2022. PID Photo
Govt withdraws fixed tax on traders after protests
By Staff Reporter
ISLAMABAD: Pakistan, struggling with weak finance, withdrew a fixed tax of Rs3000 on small traders with electricity consumption of less than 150 units per month after countrywide protests from businesses that have been ill-prepared for the change.
Pakistan reduces petrol prices; raises diesel rate
By Staff Reporter
ISLAMABAD: The government on Sunday night announced a decrease in petrol price to pass on a decline in global prices to inflation-hit consumers.