Business

Pakistan ‘seeks’ $1.2bn Saudi oil facility for 12 months

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

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

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

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…
PM Shehbaz ‘satisfied’ with drop in inflation, economic stability

PM Shehbaz ‘satisfied’ with drop in inflation, economic stability

ISLAMABAD: Expressing satisfaction over the “nosediving of inflation rate” in the country, Prime Minister Shehbaz Sharif has said that the…
Pakistan loan approval ‘not on IMF board agenda before September 4’

Pakistan loan approval ‘not on IMF board agenda before September 4’

The International Monetary Fund (IMF) has released its Executive Board meeting schedule up to September 4, 2024, with financially-struggling Pakistan…
Pakistan has highest power tariff in region, admits energy minister

Pakistan has highest power tariff in region, admits energy minister

ISLAMABAD: Energy Minister Awais Leghari on Tuesday admitted that the electricity tariffs in Pakistan were the highest in the region…
District disparities and gender shifts

District disparities and gender shifts

The Council of Common Interest (CCI) approved the summary findings of the 7th Population and Housing Census during its 50th…
FBR mulls options to rope in traders into tax net

FBR mulls options to rope in traders into tax net

ISLAMABAD: Amid the dismal performance of Tajir Dost Scheme registering only 44,830 retailers, the Federal Board of Revenue (FBR) is…
Petrol dealers observe strike as association remains divided

Petrol dealers observe strike as association remains divided

Petrol pumps across the country on Friday observed partial strike as the petroleum dealers remained divided over the call for…
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