International oil prices plummeted by almost $10 a barrel on Tuesday as investors grew more conscious about the looming global… Read More
PM Shehbaz Approves Decrease in Federal Excise Duty on Air Tickets
Prime Minister Shehbaz Sharif has approved the reversal of the biggest taxation measure on the wealthy class by slashing the… Read More
PM Shehbaz Approves Rs. 7.91 per Unit Hike in Electricity Prices
Prime Minister Shehbaz Sharif has approved a hike in the base national power tariff by Rs. 7.9 per unit. According… Read More
ECC Approves Purchase of 120,000MT Wheat For Afghanistan Under WFP
The government has approved the purchase of 120,000 metric tons of wheat for Afghanistan in the year 2022-23 under the… Read More
Angry Customers Switch to Islamic Banks to Protest Against Riba Case
A section of emotionally-charged customers is switching their bank accounts to Islamic banks from four banks including HBL, UBL, NBP,… Read More
China’s Norinco Group Keen to Initiate Joint Ventures in Telecom Sector
Norinco Group China showed keen interest in furthering the strategic relationship between Pakistan and China by undertaking Joint Ventures in… Read More
1.2 Million Agricultural Tube Wells to be Shifted to Solar Power: Minister for Food Security
The Federal Minister for Food Security, Tariq Bashir Cheema, announced that Prime Minister Shehbaz Sharif has issued instructions to put… Read More
Roshan Digital Account Inflows Surge by $250 Million in June
Foreign exchange inflows through the Roshan Digital Accounts (RDAs) were recorded at a total of $4.606 billion by the end… Read More
NEPRA Slaps Rs. 10 Million Fine on QESCO Over Fatal Incidents
The National Electric Power Regulatory Authority (NEPRA) has fined the Quetta Electric Supply Company (QESCO) Rs. 10 million for its negligence… Read More
Rupee Crashes Against US Dollar As IMF Postponement ‘Rumors’ Cause Panic
The Pakistani Rupee (PKR) halted gains against the US Dollar (USD) and posted huge losses in the interbank market today.… Read More
Urea Sales Likely to Rise by Massive 72%
Urea sales in June 2022 are expected to clock in at 721,000 tons, up by 72 percent month-on-month (MoM) and… Read More
Pakistan’s Petroleum Imports Under Saudi Oil Facility Cross $300 Million
Pakistan imported petroleum products worth $100 million on a deferred payment basis under the Saudi oil facility for the third… Read More
Pakistan Inked Foreign Funding Agreements Worth $11.36 Billion in July-March FY22
Pakistan signed new agreements worth $11.362 billion as commitments during the first three quarters of the fiscal year 2021-22, inclusive… Read More
ADB Pakistan’s Largest Financier of Development Projects in FY22
The Asian Development Bank (ADB) has emerged as the top financier of Pakistan with a share of 39 percent loans… Read More
Federal Cabinet Approves 23,964MW Power Generation Plan
The Federal Cabinet has approved the next power generation plan with an effective operational capacity of 23,964 megawatts (MW). Out… Read More
