World Bank approves $102 million for Pakistan’s financial inclusion
The World Bank’s Board of Directors on Wednesday approved $102 million in financing for the Resilient and Accessible Microfinance (RAM) Project, which aims to enhance…
Business
No proposal to revise govt pay scales under consideration, clarifies finance ministry
The finance ministry on Monday clarified in a statement that no proposals to raise government salaries were under consideration after media reports claimed that government…
PIA to resume UK flights after Eid as EU ban lifts
Pakistan International Airlines (PIA) will resume flights to the United Kingdom (UK) following the lifting of the European Union ban after Eidul Fitr, said Pakistan…
IMF expresses satisfaction with Pakistan’s economic measures
Pakistan and the International Monetary Fund (IMF) have made significant progress towards reaching a Staff-Level Agreement (SLA) on the first review of the $7 billion…
ECC approves amendments to net-metering regulations, cuts buyback rate to Rs10/unit
The Economic Coordination Committee (ECC) on Thursday approved amendments to the existing net-metering regulations to reduce the growing financial burden on grid consumers and slashed…
IMF likely to grant waiver for delay in agriculture income tax collection
Amid the possibility of granting a waiver over provinces’ delay in the collection of Agriculture Income Tax (AIT), the International Monetary Fund (IMF) review mission…
Massive cut in petrol price expected
Due to a decline in oil prices in the international market, the prices of petroleum products are also likely to be slashed in Pakistan with…
Govt to import raw sugar to bring down soaring prices
In its bid to stabilise and bring down soaring sugar prices, the federal government has decided to import raw sugar (shakkar). The import of raw…
SBP maintains interest rate at 12%
The State Bank of Pakistan (SBP) held its key policy rate at 12% on Monday, opting for stability despite easing inflation, which is expected to…
China extends $2bn loan repayment for Pakistan
China has extended the repayment period of a $2 billion loan to Pakistan by one year, offering crucial financial relief to the country, the finance…