Current account deficit shrinks 73pc in nine months
KARACHI: The country's current account deficit (CAD) decreased to $2.78 billion during the first nine months (three quarters) of FY20, a decline...
SBP receives $1.4bn emergency fund from IMF
KARACHI: The State Bank of Pakistan (SBP) has received $1.39 billion from the International Monetary Fund (IMF).
“SBP has received $1.39bn under Rapid...
Power scam report to be made public, cabinet decides
–Govt forms commission of inquiry to conduct forensic audits of IPPs, other investigations within 90 days
–Cabinet divided over defending members, including Razak...
Private hospitals should have been raking in the cash, instead they might just go bust
As the virus continues to spread in Pakistan, private hospitals are already feeling the crunch while telehealthcare platforms are looking to cash in
IMF says satisfied with Pakistan’s implementation of economic reforms
Pakistan’s inflation to fall to 4.8pc, debt-to-GDP ratio to 73pc in 2025
CCE decides to hold wrongdoers in power sector accountable
ISLAMABAD: The Cabinet Committee on Energy (CCE) on Monday decided to hold wrongdoers in the power sector accountable for their deeds.
Sources told this...
Govt allows import of wheat, sugar, fertiliser at Gwadar Port
ISLAMABAD: The federal government has allowed the import of wheat, sugar and fertilisers at the Gwadar Port and onward transit to Afghanistan...
$1.4bn COVID-19 emergency fund ‘additional’ to $6bn bailout package, IMF says
The International Monetary Fund (IMF) clarified on Saturday the disbursement of $1.4 billion to Pakistan to address the economic impact of the...
Telecom operators using ‘illegal’ BTS towers in Islamabad, probe reveals
ISLAMABAD: Telecom operators are providing services through 'illegal/unregistered' Base Transceiver System (BTS) towers in the federal capital, an inquiry report has revealed.
According to...
IMF cuts FBR’s target by Rs895bn
ISLAMABAD: The International Monetary Fund (IMF) has revised the Federal Board of Revenue’s (FBR) target to Rs3,908 billion from Rs48,03 billion, showing a...
Govt launches fixed-tax scheme to woo builders, land developers
–Advance tax on auction of properties reduced to 5pc; sales tax on construction services in ICT brought to zero
–Incentive package to apply on...
Stocks stage 1,500-point rally after SBP’s rate cut
KARACHI: Bulls took charge of the Pakistan Stock Exchange (PSX) on Friday, with the benchmark KSE-100 Index accumulating almost 2,000 points intraday.
Following...
IMF approves $1.4bn in coronavirus aid to Pakistan
ISLAMABAD: The Executive Board of the International Monetary Fund (IMF) has approved the disbursement of $1.386 billion under the Rapid Financing Instrument...
Sugar Mills Association terms investigation report ‘one-sided’
LAHORE: The Pakistan Sugar Mills Association (PSMA) on Thursday submitted a detailed response to the Federal Investigation Agency (FIA) over the sugar crises...
IPPs may agree to tariff cut as negotiations with govt continue
ISLAMABAD: Some representatives of Independent Power Producers (IPPs) have expressed willingness to reduce power tariff and review power purchase agreements, Pakistan Today...