BUSINESS
World Bank approves $1bn additional financing for Dasu project
The World Bank on Tuesday approved $1 billion in a second round of additional financing for Pakistan to fund the Dasu Hydropower...
Pakistan fails to achieve macroeconomic targets in FY2023-24, Finance Minister
Finance Minister Muhammad Aurangzeb has said that Pakistan failed to achieve most macroeconomic targets in the FY2023-24 and added that...
SBP slashes interest rate to 20.5pc
In a big move, the State Bank of Pakistan announced on Monday to cut the interest rate by 150 basis...
Govt continues talks with IMF on tax exemptions, minister
Minister of State for Finance and Revenue Ali Pervaiz Malik has reassured that not only the government has taken up...
Govt grants ‘conditional permission’ to export 150,000 MT sugar
The federal government granted "conditional" permission to export 150,000 metric tonnes of sugar following a decision taken by the Sugar...
Govt sets target to retrieve Rs 60bn in tax from tobacco industry
In a move to combat tax evasion, the federal government decided to take strict measures against smuggling of cigarettes in...
Remittances jump 54% to hit record $3.24 billion in May
Remittances sent home by overseas Pakistanis reached a record high of $3.243 billion in May 2024, marking a 54.2% year-on-year...
Govt forms SIFC cabinet committee to boost investment
The federal government has constituted Cabinet Committee on Special Investment Facilitation Council (SIFC) to ensure implementation of recommendations within the...
SBP may cut policy rates by 1% breaking yearlong status quo
The State Bank of Pakistan (SBP) is expected to lower its main interest rate by 1% (or 100 basis points)...
PM vows Chinese development and economic model to replicate same in Pakistan
Prime Minister Shehbaz Sharif on Wednesday, assuring all-out facilitation to Chinese investors, and security of Chinese individuals, projects and investments...
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