By Staff Reporter
ISLAMABAD: Saudi Arabia plans to invest $1 billion in Pakistan to support the country’s economy, official Saudi Press Agency (SPA) reported on Thursday.
Top Stories
FDI drops to $59 million in July
By Staff Reporter
KARACHI: Pakistan’s foreign direct investment (FDI) fell 43 percent to $59 million in July from $103.8 million same period last a year ago, the central bank data showed on Wednesday.
Qatar plans to invest $3 billion in Pakistan
By Staff Reporter
ISLAMABAD: Qatar’s sovereign wealth fund plans to invest $3 billion Pakistan, the ruler’s office said on Wednesday, extending its support to the cash-strapped economy of the South Asian country.
Current account deficit narrows to $1.21 billion in July
By Staff Reporter
KARACHI: Current account deficit narrowed to $1.21 billion, in the first month of the fiscal year that began July 1 from $2.187 billion in the previous month, boosted by a sharp cut in imports, the central bank said in balance of payments figures released on Wednesday.
PM Sharif exempts 17 million electricity consumers from fuel adjustment charges
By Staff Reporter
KARACHI: The government planned to exempt at least 17 million consumers from paying fuel adjustment charges (FCA) in their monthly electricity bills to provide relief from sky-high energy bills, Prime Minister Shehbaz Sharif said on Tuesday.
New tax on tobacco and cigarettes to keep Pakistan on-budget
President Alvi signs ordinance raising taxes on tobacco products
By Staff Reporter
ISLAMABAD: President Arif Alvi on Monday signed an ordinance further raising taxes on tobacco products to generate an additional revenue of Rs38 billion ahead of the International Monetary Fund’s crucial board meeting on Pakistan’s bailout funding.
IHC to hold contempt proceedings against PTI Khan over remarks against session judge
By Staff Reporter
ISLAMABAD: The Islamabad High Court on Monday decided to initiate contempt proceedings against former prime minister Imran Khan for his controversial remarks against a sessions court judge at a rally held over the weekend.
SBP keeps policy rate flat at 15pc, eyes inflation data
By Staff Reporter
KARACHI: State Bank of Pakistan kept its benchmark interest rate unchanged at 15 percent on Monday, and said it continued to have a cautious attitude toward policy stance considering runaway monthly inflation.
PTI chief booked under anti-terrorism act for threatening police, judiciary
By Staff Reporter
ISLAMABAD: PTI chief Imran Khan has been booked on Sunday under the Anti-Terrorism Act for threatening police, judiciary and other state institutions at an Islamabad rally held to protest arrest of his closed aide, the government said on Sunday.
PEMRA bans live broadcast of PTI chief’s speeches
By Staff Reporter
ISLAMABAD: Media watchdog on Saturday banned broadcasting of live speeches of former prime minister Imran Khan for threatening an Islamabad police chief and a magistrate during an address in the capital.