BUSINESS
Pakistan has paid $100m penalty to ADB in last 15 years for failure to execute projects
ISLAMABAD: Pakistan has paid a whooping $100 million approximately in penalties to the Asian Development Bank (ADB) for its failure...
NEPRA approves Rs0.69 per unit hike in K-Electric tariff
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) Tuesday notified an increase of 69 paisa per unit in electricity tariff...
Pakistan to get IMF nod to utilise $2.78b COVID-19 support fund
ISLAMABAD: In a major sign of relief, the International Monetary Fund (IMF) has agreed to allow Pakistan to utilise $2.78...
Inflation in Pakistan at highest levels in 70 years: report
KARACHI: Inflation has reached its highest levels in 70 years during the three-year tenure of the PTI government, with food...
Increase in power tariff to be applicable from November 1: Hammad Azhar
ISLAMABAD: The government has decided to increase the power tariff keeping in view the soaring circular debt of Pakistan, Federal...
IMF forecasts 4% growth for Pakistan in FY 2021-22
KARACHI: The International Monetary Fund (IMF) Tuesday forecast Pakistan’s GDP growth rate unchanged at 4% for the fiscal year 2021-22....
Gold price in Pakistan rises by Rs700 per tola
KARACHI: Gold prices edged higher on Wednesday as a softer rupee and a pullback in global equities lifted demand for...
IMF asks Pakistan to increase income and sales tax, regulatory duty
ISLAMABAD: Pakistan has been asked by the International Monetary Fund (IMF) to take additional taxation measures in the shape of...
Rupee continues to make modest gains against dollar
KARACHI: The rupee continued to slowly regain ground against the US dollar on Friday, with the local currency gaining 34...
$5 billion investment for textile sector in pipeline: Razak Dawood
Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood on Thursday announced that investment worth $5 billion is...
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