By Staff Reporter
ISLAMABAD: Pakistan is on track with the conditions of an IMF bailout programme and the country has completed all prior actions needed for disbursement of next chunk of aid in August, finance minister said on Wednesday.
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Toyota, Suzuki to shut Pakistan’s assembling units on import restrictions
By Staff Reporter
KARACHI: Car assemblers in Pakistan, Toyota and Suzuki, planned plant shutdowns next month as unavailability of raw material amid government’s import restrictions hit productions, officials said.
Current account deficit reaches $17.4 billion in FY22
By Staff Reporter
KARACHI: The current account deficit surged to a 4-year high of $17.4 billion in the fiscal year of 2021-22 on soaring cost of energy imports, central bank’s data showed.
Pakistan gets foreign loans of $22.5 billion in last fiscal
By Staff Reporter
ISLAMABAD: Pakistan borrowed $22.5 billion in the last fiscal year to plug the current account deficit and to pay back maturing debts.
Islamabad: Federal Minister for Finance and Revenue Mr. Miftah Ismail presided over the meeting of the Economic Coordination Committee (ECC) of the Cabinet at Finance Division. - PID
ECC approves RLNG rate of $9 per MMBTU for export-oriented industry
By Staff Reporter
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday increased RLNG rate to $9 per MMBTU from from $6.5 for five export-oriented industry from existing gas connections.
Media talk by Leaders of the coalition partiies after hearing by Supreme Court of Pakistan on a petition filed by PMLQ against the Ruling of Deputy Speaker Punjab Assembly in Islamabad - PID
Ruling allies boycott court proceedings of Punjab CM’s voting dispute
By Naveed Naqvi
ISLAMABAD: The ruling alliance will boycott court proceedings after the Supreme Court refused to set up a full court to hear the plea on the Punjab chief minister’s election.
Punjab CM election: PDM to file petition in SC for formation of full court bench
By Staff Reporter
ISLAMABAD: The government would request a full bench of the Supreme Court to hear cases on defection of lawmakers under Article 63-A of the Constitution, Information Minister Marriyum Aurangzeb said on Sunday.
Pakistan less vulnerable to external shocks, “no need for panic” : SBP
By Staff Reporter
KARACHI: The central bank is seeking to reassure the countrymen that Pakistan is not among the most vulnerable countries in the world, “so its citizens do not need to panic”, even though rupee witnessed its biggest weekly plunge since 1998.
Mountaineer Samina Baig conquers mighty K2
By Staff Reporter
ISLAMABAD: Two women — one from Pakistan and another from Iran — appear to be the first female climbers from their countries to reach the summit of K2, the world’s second-highest and arguably most dangerous peak.
Govt hikes electricity base prices by Rs7.91/unit to win IMF’s bailout
By Staff Reporter
ISLAMABAD: Electricity tariffs across Pakistan are expected to rise by Rs7.91 per unit in three phases to win an IMF bailout program, a regulator said on Friday.