ADB approves $300 mln loan to develop Pakistan’s capital markets By: APP on March 22, 2022 ISLAMABAD: The Asian Development Bank (ADB) Tuesday approved a $300 million loan to further develop Pakistan’s capital markets, promote private investment in the country, and help to mobilise domestic resources to finance sustainable growth. The second subprogram of ADB’s Third Capital Market Development Program builds on institutional and regulatory reforms put in place under […]
NBP Exchange Rates By: APP on March 18, 2022KARACHI: Treasury Management Division of National Bank of Pakistan (NBP) on Friday issued the following exchange rates. CURRENCY SYMBOL TT Selling TT Buying U.S DOLLAR USD 180.55 180.05 EURO […]
Economy to grow by 5% this year, 6% next year: Shaukat Tarin By: APP on February 3, 2022Federal Minister for Finance and Revenue Shaukat Tarin said here on Thursday that despite commodity price shocks in the international market, the economy of the country would grow by 4.5 to 5 percent during the current fiscal year and by 6 percent next year. “I am still hoping that it (growth rate) could be 5 […]
Gold price increases by Rs50 to Rs125,000 per tola By: APP on February 2, 2022The price of 24 karats per tola gold witnessed an increase of Rs 50 and was sold at Rs 125,000 on Wednesday against its sale at Rs125,950 in the local market the previous day. The price of 10 gram 24 karat gold also increased by Rs43 to Rs 107,167 from Rs 107, 107,124 whereas that […]
Minister inaugurates Rs8.1m water supply project By: APP on February 2, 2022Punjab Minister for Special Education Chaudhry Muhammad Akhlaq and Pakistan Tehreek-e-Insaf (PTI) leader Amir Dar, along with a taxpayer Kashif Rahim, chief executive officer (CEO) Makkah Tanneries, formally inaugurated a water supply project in Muhammad Pura, on Wednesday. The project would be completed with Rs8.1 million. A large number of residents of Muhammad Pura including […]
FBR exceeds revenue collection target with Rs262b By: Web Desk on February 1, 2022ISLAMABAD: The Federal Board of Revenue (FBR) collected Rs262 billion more than its seven-month net tax collection objective. The FBR has effectively maintained the momentum of its revenue collecting growth trajectory. According to the FBR, the supreme tax collection body collected Rs3,352 billion against its set target of Rs3,090 billion. This represents a growth of […]
Sources say Pakistan will take a $5 billion loan from China, Russia, and Kazakhstan By: Web Desk on January 31, 2022ISLAMABAD: As Pakistan tries desperately to stabilize its FX reserves, the federal government has chosen to seek $5 billion in loans from China, Russia, and Kazakhstan. Pakistan is expected to receive a $3 billion loan from China and a $2 billion loan from Russia and Kazakhstan, according to details. The Chinese loan will be used […]
Pak-Japan agreed for further enhancing trade relations, particularly in agriculture By: APP on January 20, 2022Pakistan and Japan on Thursday agreed to further enhance bilateral trade, particularly trade in agriculture products, besides enhancing mutual cooperation to benefit from expertise and knowledge for the welfare of the people of both countries. The consensus in this regard was developed in a meeting between the Ambassador of Japan to Pakistan Mitsuhiro Wada, who […]
Intentions of govt. to regularize cryptocurrency in Pakistan: Shibli Faraz By: Web Desk on January 19, 2022ISLAMABAD: Shibli Faraz, Pakistan’s Minister for Science and Technology, stated on Wednesday that the Pakistan Tehreek-e-Insaf (PTI)-led federal government plans to regulate cryptocurrency in the country. In Islamabad, he was speaking at the first Pakistan Blockchain Summit 2022. Shibli Faraz said the State Bank of Pakistan, Securities and Exchange Commission and Finance Division are already […]
NEPRA will consider a power tariff increase for household consumers By: Web Desk on January 18, 2022ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has received a recommendation to raise the power rate for home consumers by Rs0.95 per unit. According to the facts, a proposal has been made to increase the power tariff from Rs0.08 per unit to Rs0.95 per unit for different slabs of residential consumers. The power tariff […]