Business
With IMF deal on horizon, ADB forecasts Pakistan’s 2.8% GDP growth in FY25
September 25, 2024
With IMF deal on horizon, ADB forecasts Pakistan’s 2.8% GDP growth in FY25
ISLAMABAD: As the country looks to secure the approval of the International Monetary Fund’s (IMF) executive board’s approval of a fresh…
PM confirms IMF deal in final stages as Pakistan agrees to tough conditions
September 25, 2024
PM confirms IMF deal in final stages as Pakistan agrees to tough conditions
Prime Minister Shehbaz Sharif has confirmed that the agreement with the International Monetary Fund (IMF) is in the final stages of…
Five IPP owners directed to terminate PPAs or face consequences
September 23, 2024
Five IPP owners directed to terminate PPAs or face consequences
ISLAMABAD: Owners of four independent power producers (IPPs) set up under the 1994 policy and another, established under the 2002…
FBR mulls slapping Rs1 million fine, among other penalties, on tax evaders
September 22, 2024
FBR mulls slapping Rs1 million fine, among other penalties, on tax evaders
ISLAMABAD: Amid the incumbent government’s strenuous efforts to address the country’s financial woes, the Federal Bureau of Revenue (FBR) is…
No extension in Sept 30 deadline for filing tax returns: FBR
September 21, 2024
No extension in Sept 30 deadline for filing tax returns: FBR
ISLAMABAD: The Federal Bureau of Revenue (FBR) on Saturday announced that it will not be extending the September 30 deadline set…
Govt announces Rs10 per litre cut in petrol price
September 16, 2024
Govt announces Rs10 per litre cut in petrol price
The government has announced a Rs10 per litre cut in the price of petrol owing to a drop in fuel…
Pakistan ‘seeks’ $1.2bn Saudi oil facility for 12 months
September 12, 2024
Pakistan ‘seeks’ $1.2bn Saudi oil facility for 12 months
ISLAMABAD: In a bid to bridge the $2-2.5 billion financing gap pointed out by the International Monetary Fund (IMF) for…
Negotiations underway with IPPs to slash power tariffs as current rates unaffordable: Leghari
September 8, 2024
Negotiations underway with IPPs to slash power tariffs as current rates unaffordable: Leghari
The coalition government led by the PML-N is renegotiating contracts with independent power producers (IPPs) to rein in “unsustainable” electricity…
Nepra allows Rs1.743 per unit hike from Sept to Nov
September 7, 2024
Nepra allows Rs1.743 per unit hike from Sept to Nov
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved an additional charge of Rs1.743 per unit for the next…
Pakistan’s annual inflation slows to 9.6%, first single-digit stat in nearly 3 years
September 3, 2024
Pakistan’s annual inflation slows to 9.6%, first single-digit stat in nearly 3 years
ISLAMABAD: Pakistan’s annual consumer price inflation rate slowed to 9.6% in August, the first single-digit reading in almost three years, the…