Cabinet approves Lawyers Protection Bill, winding down of SME Bank
ISLAMABAD: Cabinet approved winding down of SME Bank on recommendation of State Bank of Pakistan while instructing to ensure protection of consumers’ deposits. Prime Minister Shehbaz Sharif, chairing meeting instructed that protection of custom...
‘No compromise’ on Pakistan’s nuclear programme for unlocking IMF deal: Ishaq Dar
ISLAMABAD: Minister for Finance and Revenue Ishaq Dar said that Pakistan would not compromise on its nuclear programme for reviving stalled International Monetary Fund (IMF) loan facility. Comments came in response to Senator Raza Rabbani’s con...
Chinese bank to ‘refinance $500m loan’
ISLAMABAD: Chinese bank assured Pakistan it will provide another refinanced $ 500 million loan within next few days, bringing total of commercial loans up to $ 1.7 billion out of total committed amount of $ 2 billion. Pakistani authorities are...
ECC directs Petroleum Division for gas supply to fertilizer plants in kharif season
ISLAMABAD: Economic Coordination Committee (ECC) of Cabinet directed Petroleum Division to supply indigenous gas to fertilizer plants till May 31 aimed at meeting urea requirement in country for upcoming kharif season, setting aside option of importi...
Govt making all-out efforts to bring economy out of prevailing quagmire: PM
ISLAMABAD: Prime Minister Shehbaz Sharif said he has put at stake his politics to save state. “A man considers himself above law. He is ready to go to rallies but he finds it difficult to go to courts. Pakistan is facing economic, political and...
US supports Pakistan steps for IMF programme: Donald Blome
ISLAMABAD: United States Ambassador to Pakistan Donald Blome said US wholeheartedly supports steps taken by Pakistan for IMF programme. “We want IMF and Pakistan deal is struck, Donald Bloom said this during his brief talk with journalists on l...
Petroleum sector gets Rs1,312m for 9 projects in 8MFY2023
ISLAMABAD: Government released funds amounting to Rs 1,312 million to advance nine ongoing petroleum-related projects during an eight-month period of current fiscal year under Public Sector Development Programme (PSDP 2022-23) against total allocatio...
Careem removes ‘peak charge’ on bikes, rickshaws amid inflation
KARACHI: Careem leading ride-hailing service announced to remove ‘peak charge’ on its bikes and rickshaws categories across Karachi, Islamabad and Lahore. Initiative is taken in light of recent economic situation where inflation and globa...
Building infrastructure vital for Pakistan’s sustainability: moot
Karachi: InfraZamin collaborated with Nutshell Group to jointly host Pakistan’s first ever Infrastructure Summit at a local hotel. Infrastructure development helps reduce unemployment and stimulates economic growth. Muhammad Azfar Ahsan founder...
Gold prices race ahead by Rs2,300/tola
Karachi: Gold prices raced ahead to once again cross 0.2 million mark with rupee remaining stuck in reverse gear amid economic frets from dried-up foreign reserves and beleaguered loan deal with lender of last resort. Data released by All Pakistan Sa...
