By Staff Reporter
ISLAMABAD: The country’s power regulator on Monday allowed K-Electric (KE) to ratchet up the tariff for the load-shedding-battered consumers by Rs9.66/unit, a second such increase in a short span of time.
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PM pushes new US envoy to deepen investment ties
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif on Friday, in his first interaction with the new full-time US envoy, said Pakistan wished mutually respected ties with Washington, which could be further bolstered through investment, trade, and development finance, a statement said.
A US-DELEGATION HEADED BY MR. DILAWAR SYED, STATE DEPARTMENTS SPECIAL REPRESENTATIVE FOR COMMERCIAL AND BUSINESS AFFAIRS CALLED ON FEDERAL MINISTER FOR FINANCE AND REVENUE MR. MIFTAH ISMAIL AT FINANCE DIVISION, ISLAMABAD ON JULY 01, 2022.
Needed Inflows: Pakistan offers high returns to US investors
By Staff Reporter
ISLAMABAD: Pakistan on Friday invited US investors to make the most of the high-return investment opportunities that were up for grabs right now, especially in renewable energy as well as other sectors of the economy, a statement said on Friday.
KARACHI: Indian fishermen showing their names as exit Malir jail following their release in the provincial capital. At least 20 Indian fishermen jailed In Pakistan released after five years. ONLINE PHOTO
Pakistan, India swap prisoner lists
By Staff Reporter
LAHORE: Islamabad and New Delhi on Friday swapped the lists of civilian prisoners and fishermen languishing in the jails of both sides, under the provisions of the Agreement on Consular Access signed between the two countries in 2008.
Stumbling Block: IMF cutting no slack to Pakistan on anti-corruption reforms
By Staff Reporter
ISLAMABAD: Pakistan and its development partner, the IMF, are stretching their negotiatory limits to carve out a consensus on Prior Actions (PAs) for a staff accord, but the talks are stalemating as the lender is not backing down on its demand for putting a powerful anti-corruption watchdog among the dirty government officials from top to bottom.
Rs6,125 billion: FBR tops yearly tax target on strong imports, weak rupee
By Staff Reporter
ISLAMABAD: The Federal Board of Revenue (FBR) has surpassed its annual tax collection target by topping up the government’s coffers with Rs6,125 billion in the outgoing fiscal year 2021-22 ending on June 30, 2022, latest numbers showed late on Thursday, mainly because of increase in imports and massive devaluation of the exchange rate.
Forex reserves rise to $16.2bn on Chinese loan
By Staff Reporter
KARACHI: Pakistan’s foreign exchange reserves sharply rose by $1.985 billion or 14 percent as of June 24 on $2.3 billion inflows from China , the central bank said on Thursday.
25 May 2022 Islamabad. Federal Finance Minister Miftah Ismail addressing an important press conference.
Miftah defends high fuel prices, new levy
By Staff Reporter
ISLAMABAD: Minister for Finance Miftah Ismail on Thursday said the government imposed the petroleum levy in the range of Rs5-10 per liter on petroleum to thaw the frozen IMF funding to avoid failing on international obligations.
Deficit Control: Low-cost housing, youth loans shelved
By Staff Reporter
KARACHI: The State Bank of Pakistan (SBP) on Thursday shelved new disbursements under Mera Pakistan Mera Ghar (MPMG) scheme till August 31, 2022 and Prime Minister’s Kamyab Jawan Youth Entrepreneurship Scheme (PMKJ-YES) for next 15 days in an attempt to narrow the budget deficit to meet IMF bailout goals.
Rs15-18/litre: Fuel prices cranked up on IMF’s levy demand
By Staff Reporter
ISLAMABAD: The government on Thursday imposed part of the Petroleum Levy on fuels, driving the prices of petroleum products up by Rs15-18, to the utter dismay of the inflation-gutted consumers.