PM Shehbaz telephones Sri Lanka President, discuss current economic situation
ISLAMABAD: Prime Minister Shehbaz Sharif telephoned Sri Lankan President Ranil Wickremesinghe and discussed with him matters relating to current economic situation of both countries. He thanked Sri Lankan President for supporting Pakistan with regard...
Banking Mohtasib provides Rs 3bn relief to customers during 4 years
ISLAMABAD: Banking Mohtasib has provided monitoring relief worth over Rs 3 billion during April 2019 to July 2023 to banking customers by disposing of total of 106,486 cases. Performance of institution was discussed as Banking Mohtasib Muhammad Kamra...
IMF seeks plan to expand tax base, cites real estate, agri sector
ISLAMABAD: International Monetary Fund (IMF) has been pressing Pakistan to expand tax base and increase revenue generation which is again one of main conditions set under $ 3 billion stand-by arrangement after country received $ 1.2 billion in first...
Flour prices rise sharply in Peshawar, PM directs steps to control hike
PESHAWAR: Flour price has jumped to over Rs 142 per kilogram in KP after an increase in rates of wheat, it emerged. According to Flour Dealers Association, price of 20 kg flour bag has surged by Rs 450 in two weeks. 20 kg flour bag is being sold in P...
PM breaks ground on $3.48bn Chashma Nuclear Power Plant Unit-5
MIANWALI: Prime Minister Shehbaz Sharif broke ground on 1,200 MW Chashma Nuclear Power Plant Unit 5 (C-5) here which is likely to be completed in seven to eight years at cost of around $ 3.48 billion. On June 30, 2023 Prime Minister witnessed signing...
After KSA, UAE deposits, Pakistan expects another $2.6bn in financing: report
Pakistan will draw $ 5.6 billion in financing, Bloomberg News reported an amount that includes inflows from Saudi Arabia and UAE that have been deposited in country's central bank. Inflows from International Monetary Fund are not part of this financi...
Rupee falters, settles at 277.59 against dollar
Karachi: Rupee registered losses against dollar, depreciating 0.41 percent. At close, domestic unit settled at 277.59, decrease of Rs 1.13 as per State Bank of Pakistan. In key development, International Monetary Fund deposited $ 1.2 billion into Sta...
Pakistan LNG gets bids from Trafigura for Jan, Feb cargoes
Pakistan LNG Ltd (PLL) received bid from commodities trader Trafigura at $ 23.47 per million British thermal units (mmBtu) for an LNG import tender to be delivered on January 3-4 and at $ 22.47/mmBtu for delivery February 23-24, source with knowledge...
Power tariff to hike by Rs4.96 per unit: NEPRA
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) is set to increase electricity base tariff for the ongoing financial year 2023-24 in response to the International Monetary Fund’s (IMF) disbursement of $1.2 billion under the...
Pakistan hopes to take CPEC into next phase with greater vigor: Ahsan Iqbal
BEIJING: Pakistan is looking forward to taking China Pakistan Economic Corridor (CPEC) into next phase with greater vigor and hopes to see fruits of CPEC benefit not only China and Pakistan, but whole region, said Ahsan Iqbal Minister of Planning, De...
