Business
Trade deficit shrinks 12.3% to $24.09bn in FY24 as exports surge
July 3, 2024
Trade deficit shrinks 12.3% to $24.09bn in FY24 as exports surge
ISLAMABAD: Pakistan’s trade deficit decreased by 12.3% in FY2024, dropping to $24.09 billion from $27.47 billion in FY23, according to…
Petrol price in Pakistan jacked up by Rs7.45 per litre
July 1, 2024
Petrol price in Pakistan jacked up by Rs7.45 per litre
ISLAMABAD: The federal government has jacked up the petrol price in the country by Rs7.45 per litre from Rs258.16 to…
Pakistan suffers loss worth Rs600bn a year due to electricity theft: minister
June 24, 2024
Pakistan suffers loss worth Rs600bn a year due to electricity theft: minister
ISLAMABAD: Federal Energy Minister Awais Leghari Sunday said the country was suffering a loss worth a whopping Rs600 billion a…
Nepra imposes fixed charges of Rs200-1,000 a month on domestic consumers from July 1
June 21, 2024
Nepra imposes fixed charges of Rs200-1,000 a month on domestic consumers from July 1
ISLAMABAD: Nepra has introduced a new electricity tariff design by imposing from July 1, fixed charges of Rs200-1,000 a month…
Loaded with taxes, budget to rake in additional Rs3.8tr under IMF diktat
June 13, 2024
Loaded with taxes, budget to rake in additional Rs3.8tr under IMF diktat
ISLAMABAD: The government has heavily raised both direct and indirect taxes to a historic high in the budget, showing that…
Finance minister addresses post-budget press conference
June 13, 2024
Finance minister addresses post-budget press conference
ISLAMABAD: Finance Minister Muhammad Aurangzeb is addressing the post-budget press conference a day after unveiling an expansionary budget proposal of…
SBP cuts key rate by 150bps to 20.5% as inflation cools off
June 10, 2024
SBP cuts key rate by 150bps to 20.5% as inflation cools off
KARACHI: The State Bank of Pakistan (SBP) cut its key interest rate by 150 basis points on Monday in a…
FM emphasizes privatisation, dismisses notion of SOEs
May 12, 2024
FM emphasizes privatisation, dismisses notion of SOEs
Finance Minister Muhammad Aurangzeb emphasized on Sunday the need for privatisation and dismissed the notion of strategic state-owned enterprises (SOEs).…
IMF aims to milk more taxes from salaried individuals
May 8, 2024
IMF aims to milk more taxes from salaried individuals
ISLAMABAD: The International Monetary Fund (IMF) has asked Pakistan to tax the salaried and business individuals at a single income…
Saudi Arabia vows to bolster investment in Pakistan
April 16, 2024
Saudi Arabia vows to bolster investment in Pakistan
Saudi Foreign Minister Faisal bin Farhan Al Saud affirmed his commitment to bolstering economic ties with Pakistan, saying that his…