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Petroleum prices likely to go up
ISLAMABAD: Government is likely to hike petroleum prices for next fortnight starting from July 16 in move that is expected to further increase inflation. Petrol price is likely to see an increase of Rs 7.67 per litre, High-Speed Diesel (HSD) Rs 3.72...
Tessori invites French businessmen for investment in Sindh
KARACHI: Sindh Governor Sindh Kamran Khan Tessori, addressing a ceremony commemorating France's National Day, extended an invitation to French investors to consider investment opportunities in the province. According to the Governor House informatio...
Govt to keep lid on funds to meet IMF targets
ISLAMABAD: Despite protests from Ministry of Planning, Ministry of Finance decided to keep lid on federal financing of development and recurrent expenditures through back-loaded releases of funds to meet IMF's primary surplus targets at any cost. Ac...
FBR spox provides details of action against non-filers
ISLAMABAD: Federal Board of Revenue (FBR) spokesperson shared details of action against non-filers across Pakistan. Talking to private news channel, FBR spox said so far, telecom companies had blocked 230,000 Subscriber Identity Module (SIMs) of non...
Dairy farmers in Karachi push for fixed milk price at Rs300/lt
KARACHI: Dairy and cattle farmers in Karachi are demanding significant increase in price of fresh milk, proposing an additional Rs 80 per litre. According to details, dairy and cattle farmers, who had previously agreed with Karachi commissioner to m...
IMF calls for elimination of PSWF
ISLAMABAD: International Monetary Fund (IMF) has placed significant condition to abolish Pakistan Sovereign Wealth Fund (PSWF) as prerequisite for qualifying for new bailout package, aiming to ensure transparency and accountability in financial...
PM Shehbaz to oversee process of 'downsizing, rightsizing' in govt sector
ISLAMABAD: Prime Minister Shehbaz Sharif said that will personally oversee process of downsising and rightsising in government sector and will not tolerate any delaying tactics in this regard. Addressing Cabinet, PM said he will not allow any delay o...
KSE-100 index tops 81,000 on optimism over IMF deal
KARACHI: The stock market upward mobility continued on Tuesday despite a brief hiatus in trading after sudden eruption of fire in the PSX building in early hours of the start of the week's trading on Monday. The Pakistan Stock Exchange gained 456 po...
"Team Envision unveils 'AZAAD-E': Electric vehicle sets new standards in sustainability"
KARACHI: Team Envision is a team of undergraduate students of NUST, which designs and fabricates eco-friendly cars, with the aim of achieving high fuel-efficiency by maximizing mileage. Team Envision held an unveiling event on the 5th of July,...
KCCI asks FBR to urgently hold meeting to discuss, revisit SRO350
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh has urged the Federal Board of Revenue (FBR) to immediately revisit the controversial SRO 350 (I)/ 2004 in consultation with stakeholders as it stands unresolv...
