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Tough, unpopular budget stepping stone for IMF programme: Minister
ISLAMABAD: Pakistan is looking to clinch staff-level agreement on an International Monetary Fund bailout of more than $ 6 billion this month after addressing all of lender’s requirements in its annual budget, junior Finance Minister told Reuter...
Hafiz Naeem launches JI’s movement for people’s rights
ISLAMABAD: Jamaat-e-Islami Pakistan amir, Hafiz Naeem ur Rehman announced to launch ‘Haq do Awaam ko’ movement. Speaking at news conference here, Hafiz Naeem demanded decrease in tax rates and power tariff. Jamaat-e-Islami Ameer said that...
Govt decides to shut down Pakistan Steel Mills
ISLAMABAD: Government has decided to shut down Pakistan Steel Mills (PSM), state-owned enterprise that has been incurring heavy losses for years. In statement, Secretary of Industry and Production said that Sindh government has been offered to take o...
Increase in POL prices and economic indicators
After the continuous decrease in the prices of petroleum products for the past several months, on the first day of the new financial year, the Ministry of Finance has increased the prices of petroleum products after the approval of the Prime Minister...
PM Shahbaz calls for boosting trade, connectivity between both countries
DUSHANBE: In a major development, Prime Minister Shehbaz Sharif has announced that Pakistan and Tajikistan have exempted official passports from visa requirements. The premier arrived in Dushanbe yesterday on a two-day official visit. President of Ta...
The deadly debt trap
In the context of this alarming situation, in July 2018, the foreign debt burden on the country has increased to 67 thousand billion rupees. According to the estimates of financial experts, it will reach the level of 99 thousand billion rupees...
Concerns of Chinese investors should be redressed
The process of investment in Pakistan should be made easier for domestic and foreign investors, in the same way, special concessions and facilities should also be given for investment from China in Pakistan, including special economic zones, maximum...
Young girls can play key role in country’s development: Senator Ayesha
ISLAMABAD: Girls can play key role in development of country if they are empowered, given proper guidance and confidence, Senator Ayesha Raza Farooq as focal person of Prime Minister Shehbaz Sharif for anti-polio campaign said. Sources close to devel...
Govt decides to cut PSDP budget by Rs 250bn to ‘overcome’ shortfall
ISLAMABAD: Minister for Planning Ahsan Iqbal said that government would cut Rs 250 billion from proposed budget for fiscal year 2024-25. Speaking to media, Ahsan Iqbal said that confirmed that cut of Rs 250 billion would be made in development progr...
Border trade endeavors
It is only possible to deal with the economic crises that Pakistan is facing, if it expands economic relations not only in the region but also with the whole world. Pakistan and Iran have been long-standing trading partners. In recent days, due to th...
