Federal Minister for Industries and Production Rana Tanveer Hussain on Saturday said that sugar would be available at Rs 130 per kilogram during Ramazan at stalls set up by sugar mills throughout the country. He said while chairing the Sugar Advisory Board meeting to finalize the sugar prices for the upcoming month of Ramazan, according […]
Business
Govt withdrawn key power of tax policymaking from FBR
The government has withdrawn key power of tax policymaking from the Federal Board of Revenue (FBR), fulfilling one of the major conditions set by the International Monetary Fund (IMF). The FBR will continue to collect tax and will have no role in policymaking, which will now be supervised by Finance Minister Muhammad Aurangzeb. Accordingly, the […]
Two more IMF delegations to visit Pakistan this month
Two more IMF delegations will visit Pakistan this month, with separate negotiations to be held for a total loan of $2.5 billion. An IMF delegation will visit Pakistan from February 24, with negotiations between Pakistan and IMF to focus on a new concessional loan of $1.5 billion. The new loan program will be for addressing […]
Aurangzeb briefs IFC on macroeconomic stability
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with International Finance Corporation (IFC) delegation led by its Managing Director and Executive Vice President, Makhtar Diop here Friday. The IFC delegation included Ms. Hela Cheikh Rouhou, Regional Vice President (MCT Region), Khawaja Aftab Ahmed, Regional Director (Middle East, Pakistan, and Afghanistan), Najy […]
Hubco Green, PSO to expand EV charging network
HUBCO Green (Private) Limited (HGL), a wholly owned subsidiary of Hub Power Holdings Limited (HPHL), Pakistan’s largest Independent Power Producer (IPP), is entering into a collaboration agreement with Pakistan State Oil Company Limited (PSO) for the installation of electric vehicle (EV) charging infrastructure at PSO locations across Pakistan. The IPP shared the development in notice […]
Bank Alfalah commits Rs 515m to Qist Bazaar’s growth
Bank Alfalah, one of Pakistan’s leading financial institutions, has reinforced its commitment to financial inclusion by increasing its investment in Qist Bazaar, Pakistan’s rapidly growing buy-now-pay-later (BNPL) platform catering to essential purchases of people with minimal and easy instalments.Pakistani cuisine recipes As part of the latest funding round, Bank Alfalah has invested an additional Rs […]
Gold reaches Rs306,200 per tola
Gold prices in Pakistan continued their record run on Friday, in line with their increase in the international rates. In the local market, gold price per tola gained Rs2,200 to reach fresh all-time high of Rs306,200. Similarly, 10-gram gold was sold at Rs262,517 after it recorded an increase of Rs1,886, according to rates shared by […]
Rupee gains 6 paisa against dollar
Pakistani rupee on Friday depreciated by 06 paisa against the US dollar in the interbank trading and closed at Rs279.20 against the previous day’s closing of Rs279.26. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.75 and Rs 281.25, […]
CCP sought to review Telenor-PTCL merger
State Minister for Information Technology and Telecommunication Shaza Fatima Khawaja informed the National Assembly on Friday that the Competition Commission of Pakistan (CCP) had been approached to review the merger of Telenor with PTCL before the spectrum auction. Responding to a query during the session, she said that the Competition Commission of Pakistan is conducting […]
PPL executes agreements for Sui Gas Field operations
Pakistan Petroleum Limited (PPL), an oil and gas exploration firm, has executed the Sui Development and Production Lease (D&PL) and Sui Petroleum Concession Agreement (PCA) with the government for continued operations of the Sui Gas Field. The E&P, a key supplier of natural gas in the country, shared the development in a notice to the […]