IMF agrees to lend $6bn to Pakistan: sources
IMF team accepts govt's stance of not further jacking up electricity prices
Lauds govt's approach towards the state-owned loss-making organisations
Repayment...
PM Khan to meet IMF chief Lagarde for talks on bailout
Chaudhry said Pakistan wants any agreed bailout package, which would be the country’s second IMF bailout since 2013, to be the nation’s last such economic rescue by the IMF
Pakistan cuts 2017-18 economic growth estimate to 5.2pc
ISLAMABAD: Pakistan has revised its economic growth figures for the last financial year to 5.2pc from a previously reported figure of 5.8pc, after...
ICSID admits Pakistan’s application for revision of award conferred in Karkey case
In October, the government of Pakistan (GoP) had sought the court to throw out the Karkey Karadeniz suit seeking to confirm an $846 million arbitral award stemming from a rental power project
Headless PSM causing Rs120m loss per day
In the first six months of PTI govt, Pakistan Steel Mills caused a loss of Rs20bn
ISLAMABAD: Pakistan Steel Mills (PSM) is causing...
FDI increases over 100pc in first five months of PTI govt, PM told
ISLAMABAD: Prime Minister Imran Khan has said the investors will be fully encouraged to make investments in the country.
Chairing a high-level meeting on...
Reconstituted NFC agrees to divide resources in line with 18th Amendment
–Centre, provinces complain about being under-resourced
–Six sub-committees to handle differences between centre, provinces
–Provinces to be part of the dialogue with IMF on...
Govt ‘discreetly’ increases levy on POL products by Rs22 per litre
Levy on the sale of petrol at pumps has been increased from Rs10 to Rs14 per litre, while the same for...
Pakistan, Russia ink MoU for gas pipeline feasibility study
ISLAMABAD: Pakistan and Russian state-run entities on Wednesday signed an inter-corporate agreement to conduct the feasibility study of a $10 billion offshore...
Top 50 taxpayers to dine with PM Imran
Arif Habib, Hassan Mansha and Babar Ali named among top individual taxpayers, whereas top taxpaying companies included PSO, MCB and HBL
The...
Ghandhara Nissan working on procurement of plant & machinery for automobile plant
During the financial year 2017-18, the company issued right shares to partially finance the investment for the revival of car assembly facility and allied activities for Datsun passenger car project
OGRA, SNGPL allegedly behind inflated gas bills
'Govt likely to rationalise the prices of different billing slabs in order to facilitate domestic gas consumers’
ISLAMABAD: The recent increase in...
Pakistan in talks with World Bank for assistance in tax system reform
Local reports said that the negotiations include conditions to set up a constitutional body for resolving tax disputes between the central and provincial governments, and also changing tax structure for the agriculture sector
Hyundai-Nishat plant likely to commence production by end of 2019: Mian Mansha
The business tycoon disclosed that hybrid vehicles are already here for trial testing and there was a reasonable demand for them and will be available for sale within the next two months
S&P downgrades Pakistan’s rating to B-, says recovery to take longer
S&P cautions fiscal and external imbalances will remain elevated despite securing financial aid from bilateral partners