ISLAMABAD: The federal government has decided to increase the petroleum levy on petrol and diesel from September as it has reached an agreement with the International Monetary Fund.
In the Letter of Intent sent to the IMF — after the prime minister and finance minister signed it — Pakistan has…
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Miftah defends hike in petrol prices despite backlash from Nawaz and Zardari
ISLAMABAD: Finance Minister Miftah Ismail defended on Tuesday the federal government's decision to hike the price…
Saudi Arabia agrees to renew a $3bn loan
WEB DESK
Saudi Arabia has agreed to renew a $3bn loan deposited with the State Bank of Pakistan, in an effort…
Denmark provides interest free loan to Pakistani formers
ISLAMABAD: Pakistan and Denmark have agreed to an inter-governmental framework whereby the former will receive…
Rupee continues strength against US dollar
KARACHI: The Pakistani rupee continued to strengthen against the US dollar for the seventh consecutive session…
FBR to take action against unregistered retailers
KARACHI: The Federal Board of Revenue (FBR) has issued a list of 114 unregistered retailers (Tier-1) and decided…
Govt may cut fuel prices further
NEWS DESK
Following the slump in the global oil price and dollar taking a nosedive against the rupee after…
Rupee makes unbelievable recovery against dollar of Rs9.58
KARACHI: The US dollar closed at Rs228.38 — Rs9.58 lower — in the interbank on Wednesday as the local currency…
Rupee records highest single-day gain against dollar
KARACHI: The Pakistani rupee recorded its highest single-day gain against the US dollar as it continued the…
Pakistan completes last precondition, IMF
WEB DESK
Pakistan has completed the last precondition for the combined seventh and eighth reviews, the…