Minister queries FBR on plans to plug Rs9.4tr annual target, revenue gap
ISLAMABAD: Caretaker Finance Minister Dr Shamshad Akhtar asked Federal Board of Revenue (FBR) to share its strategy to close expanding revenue gap and meet fixed annual target. According to report government is now focused on addressing significant r...
UBL says to establish wholly-owned EC
Karachi: Board of Directors of United Bank Limited (UBL) announced it will establish an Exchange Company (EC) as wholly-owned subsidiary of Bank. Development was shared by UBL in notice to Pakistan Stock Exchange. Board of UBL in meeting approved "Es...
OGDCL initiates hydrocarbon production from Nashpa-11 well
Karachi: Oil and Gas Development Company Limited (OGDCL) has commenced hydrocarbon production from its new development well Nashpa-11. E&P firm announced development in its notice to Pakistan Stock Exchange said, "We are pleased to share an encou...
SBP to announce monetary policy on Thursday
Karachi: State Bank of Pakistan (SBP) will announce monetary policy on Thursday, (September 14) in meeting of Monetary Policy Committee. Committee of SBP will meet at SBP Karachi to decide about Monetary Policy, press release issued by SBP said. Late...
Govt now accords priority to economic diplomacy: Majyd Aziz
KARACHI: Majyd Aziz President Global Compact Network Pakistan (GCNP) said that Pakistan is now giving high priority to economic diplomacy and in recent times, this process has been amplified with formation of Special Investment Facilitation Council....
AsiaPak Investments acquires Bol Network, amount not disclosed
Karachi: AsiaPak Investments, private investment firm with operational assets in Pakistan and Hong Kong has acquired Bol Network, read statement released by media group. Company did not share details of acquisition, but informed that Bol Network will...
PM says backward areas uplifting on top priority
ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar said that government was prioritising to uplift backward areas at par with developed parts of country. Prime Minister Kakkar in meeting with Country Director of World Bank Najy Benhassaine appre...
Another petroleum bombs ready for public again
ISLAMABAD: Next week petroleum products are likely to be expensive up to rupees 15 per litre. Crude oil has become expensive by 5 dollars per barrel in world market during one week. According to private TV, crude oil prices increased in global market...
WB, Pakistan discuss how to get $2bn funds released
ISLAMABAD: World Bank has reportedly stressed need for collaborative efforts to ensure disbursement of $ 2 billion during current fiscal year. Amount to be disbursed in programme and project loans, according to sources, has been made conditional to a...
Nepra approves Rs1.46 per unit hike in power tariff
ISLAMABAD: National Electric Power Regulatory Authority (Nepra) notified an increase of Rs 1.46 per unit in electricity prices on account of fuel charges adjustment (FCA) for month of July 2023. Regulatory authority announced decision on petition fil...
