Foreign Investment Protection Bill favouring Reko Diq investors gets Senates nod
In the midst of protests by opposition benches, the upper house of parliament Monday approved the Foreign Investment (Promotion and Protection) Bill, 2022 to promote…
Business
ECC approves sooner start of Reko Diq mining project
The Economic Coordination Committee (ECC) on Sunday approved two important agenda items related to the Reko Diq project, paving the way for its early start….
PKR continues to marginally decline against USD
Pakistan’s rupee deteriorated by nine paisas to Rs224.25 during early morning trading on Thursday against the US dollar in the interbank market. As per the…
Govt to inflicts regulatory duty on imported edible oil
The government has decided to impose regulatory duty on imported edible oil in a bid to promote self-sufficiency at the local level and boost exports….
ECC approves wheat import of 450000MT from Russia
The Economic Coordination Committee has accorded approval to import of 450,000 metric tonnes of wheat from Russia. The approval was granted at a meeting of…
SBP rejects rumors about restrictions on opening LCs for import of crude oil, LNG
The State Bank of Pakistan (SBP) Thursday rejected rumours that the government has imposed restrictions on the opening of Letters of Credit (LCs) or contracts…
Petrol, diesel prices to remain unchanged till Dec 15: Finance Minister
Finance Minister Ishaq Dar on Wednesday announced that the prices of petrol and diesel would remain unchanged for the next fortnight. In a televised address,…
Pakistan can be interest-free in 5 years: Ishaq Dar
Finance Minister Ishaq Dar Wednesday said the country can become interest-free in five years as stipulated by the Federal Shariat Court (FSC) in its judgement…
Nepra to reduce K-Electric tariff by Rs2.14 per unit
Residents of Karachi, who have been troubled by exorbitant power bills can expect some relief in their next bill after the national power regulator decided…
Pakistan receives $500m from Asian Infrastructure Investment Bank
Finance Minister Ishaq Dar announced on Tuesday that the Asian Infrastructure Investment Bank (AIIB) had transferred $500 million to the State Bank of Pakistan (SBP)….