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Govt working on implementing IMF conditions, says PM
ISLAMABAD: Prime Minister Shahbaz Sharif said government is working on implementing "Requirements and conditions" of International Monetary Fund (IMF) programme, remarks that come as Executive Board approval for Pakistan's $ 7 billion Extended...
Philip Morris successfully completes Skills Training Project for 896 adolescents
KARACHI: Philip Morris (Pakistan) Limited – PMPKL Leaf (PK-Leaf) successfully completed another round of Skills Training Project (‘Project’) for the year 2024. Every year, PK-Leaf undertakes the Project for children of its contracte...
LESCO, IESCO give Rs14 per unit relief to power consumers
LAHORE: Lahore Electric Supply Company (LESCO) has started giving Rs 14 per unit relief to its consumers as promised by Punjab Chief Minister Maryam Nawaz. LESCO has been issuing bills to consumers with message printed on them that bill has be...
'NBP fails to recover Rs23bn loan from sugar mills'
ISLAMABAD: National Bank of Pakistan (NBP) failed to recover loan amounting to Rs 23.35 billion from sugar mills, citing audit report. As per details, report compiled by Auditor General of Pakistan revealed NBP failed to recover loan amount of Rs 23...
KSE-100 gains 357pts on banks
KARACHI Pakistan Stock Exchange (PSX) benchmark KSE-100 Index closed higher by 357 points. KSE-100 started session with buying spree that largely continued till end. At close, benchmark index settled at 78,349.66, up by 356.88 points or 0.46 percent....
KSE-100 closes lower, sheds 91pts
KARACHI: Pakistan Stock Exchange's benchmark KSE-100 Index closed marginally lower by 91 points as index failed to sustain intra-day gains amid lack of positive triggers. KSE-100 started session positive, hitting an intra-day high of 78,334.61, follo...
FBR agrees to revise tax scheme in response to traders' demands
ISLAMABAD: Federal Board of Revenue (FBR) has expressed its willingness to amend tax scheme according to demands of traders, signalling potential shift in ongoing discussions over tax collection. According to FBR sources, revised note could be issue...
Cabinet greenlights merger of 82 state-owned enterprises
ISLAMABAD: Cabinet has approved recommendations submitted by Rightsizing of the Federal Government Committee for the merger and dissolution of 82 State-Owned Enterprises (SOEs). Cabinet, which met here with Prime Minister Shehbaz Sharif in chair, a...
Traders observe strike across Pakistan
KARACHI: Traders' community is observing countrywide strike against imposition of taxes and hefty electricity and gas bills. President All Pakistan Traders' Association, Ajmal Baloch said no talks are being held with government and they are obser...
$7bn bailout request not on IMF agenda
ISLAMABAD: The International Monetary Fund (IMF) Executive Board has announced that it will not consider Pakistan's request for a $7 billion bailout package during its meeting scheduled for September 4. This decision means that the crucial appr...
