PM rejects LPG auction sans legal cover, policy
ISLAMABAD: Prime Minister Shehbaz Sharif has rejected a move by the Petroleum Division to auction liquefied petroleum gas (LPG) produced…
Category: Business
State Bank of Pakistan’s reserves rise
KARACHI: The State Bank of Pakistan’s foreign exchange reserves rose by $16 million to $21.469 billion during the week ended…
Short-term inflation surges to 11.38pc due to costly food
ISLAMABAD: Short-term inflation rose to 11.38 per cent year-on-year in the week ending October 15, driven largely by higher food…
Pakistan to assume IMF, World Bank board chairmanship for first time in over 7 decades
Pakistan has been named the incoming chair of the Boards of Governors of the International Monetary Fund (IMF) and the…
Govt keeps treasury bill returns higher over policy rate
KARACHI: The government kept treasury bill rates almost unchanged in an auction held on Wednesday, but the returns on all…
World Bank sees ‘moderate’ progress in Pakistan’s tax reforms
ISLAMABAD: The World Bank on Wednesday rated its two loan programmes in Pakistan, worth around $670 million, as ‘moderately satisfactory’…
Lawmakers, govt differ over Discos’ privatisation
• Muhammad Ali claims CCI nod not required, says Discos caused over $30bn in losses over 15 years• Panel seeks…
Govt reduces petrol price by Rs3.63 per litre, raises high-speed diesel rate by Re0.31
The government on Wednesday reduced the price of petrol by Rs3.63 per litre, but raised that of high-speed diesel (HSD)…
International Monetary Fund borrowers face debt strain
WASHINGTON: Nearly half of the countries eligible for concessional financing from the International Monetary Fund (IMF) are either in debt…
Rs268bn power tariff burden on consumers opposed
ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has opposed an additional Rs268 billion burden on consumers…