Prime Minister worried about high rates of electricity
In 2023, which would be an election year, the capacity charges would reach Rs1,500bn, causing an increase in the electricity rate from Rs11.75 to Rs16.44 per unit. The cost of per unit electricity production is Rs22-23, Fawad Chaudhry said.
Japan and Pakistan sign $370 debt relief pacts
The government of Pakistan and the government of Japan have signed debt suspension agreements worth $367 million under the G-20 Debt Service Suspension Initiative...
Cabinet ponders over splitting PIA into two firms
In an attempt to address the finance woes faced by the national carrier, the federal cabinet on Tuesday discussed dividing the organization into two...
Nestlé Pakistan Ltd announces financial results for Q1 2021
Nestlé Pakistan Limited posted a revenue of PKR 32.3 billion for the three months period ended 31 March 2021, an increase of 8.2% compared...
Pakistan’s regional exports go down by 5.7%
According to official data released by State Bank of Pakistan exports to its nine regional countries declined 5.7 per cent in the nine months...
CDWP clears two development projects worth Rs196bn
During a meeting, chaired by Deputy Chairman of Planning Commission Muhammad Jehanzeb Khan, approved Rs5bn in the health sector for Balochistan and recommended the...
Wheat stocks to finish in 3 weeks, Tarin
Federal Finance Minister Shaukat Tarin on Monday stated that there is a need to build six million metric tons of strategic wheat reserves, as...
South Punjab Secretariat’s foundation stone to be laid down by PM today
Minister for Information and Broadcasting Chaudhry Fawad Hussain said that Prime Minister Imran Khan would lay the foundation stone of South Punjab Secretariat during...
IT and (ITeS) export remittances surge to $1.5 billion
Compared to $1.053 billion during the same period of FY 2019-20, The IT and IT-enabled Services (ITeS) export remittances which include computer services and...
Saudi’s travel ban to continue for Pakistan
This decision has been taken by the Saudi Arab to contain the spread of coronavirus pandemic in the country. It was announced by Saudi...
State Bank of Pakistan imposes penalties worth Rs98m on 3 major banks
State Bank of Pakistan has imposed heavy penalties worth Rs. 98 million on Pakistan’s three profitable banks namely Habib Bank Limited, MCB Bank, and...
SBP and SECP join hands to tackle money laundering in Pakistan
The SBP and SECP have revised the Terms of Reference (ToR) of their Joint Task Force (JTF) on financial conglomerates to further bolster the...