State bank keeps policy rate unchanged at 21pc
The State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 21 per cent for the next two months, according to…
Business
First Russian oil cargo arrives at Karachi port
The first Russian cargo carrying 45,000 metric tons discounted crude oil reached Karachi port this evening. Pakistan refinery will handle the shipment. Another shipment carrying…
3.5% GDP growth target “realistic & easy achievable”, says Dar
Minister for Finance and Revenue Senator Mohammad Ishaq Dar on Saturday expressed confidence that the government would easily achieve the 3.5 percent growth target of…
Tax imposed on cash withdrawals above Rs50,000
In a significant move aimed at documenting the economy and curbing the outflow of foreign currency, Finance Minister Ishaq Dar in Budget 2023-24 announced the…
Pakistani mangoes land in China via newly opened cargo rout
The second batch of Pakistani mangoes arrived in Nanning, the capital of China’s southwest autonomous region of Guangxi, Adnan Hafeez, Director of Imperial Ventures (Pvt)…
Federal Budget be presented today in National Assembly
Federal Budget for the next fiscal year will be presented on today. The upcoming fiscal year’s budget anticipates a deficit of Rs 700 billion, with a…
Dar unveils Pakistan Economic Survey 2022-23
After having set a target of 5% growth, Finance Minister Ishaq Dar unveiled on Thursday the Pakistan Economic Survey 2022-23 that showed GDP increase at…
TAPI Pipeline: Pakistan and Turkmenistan sign implementation plan
Pakistan and Turkmenistan signed a joint implementation plan in Islamabad on Thursday to execute Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project. The ceremony was witnessed Prime Minister…
Pakistan’s budget is squeezed between demands of IMF and elections
In its budget for the 2023–24 fiscal year, which will be presented on Friday, Pakistan’s government would seek to find the right balance between reforms…
Canada-based Zara Airways plans direct flights to Pakistan
The Zara Airways – a Canada-based airline – has decided to start direct flights to Pakistan in August for which it is currently seeking permission…