ISLAMABAD: The International Monetary Fund (IMF) has called for Pakistan’s fiscal policy to go beyond achieving primary balance targets and protecting debt sustainability by reinforcing policy credibility, fostering economic recovery and creating space for public investment and social spending to support stronger long-term growth. Speaking at a workshop on “Reforms for a Modern and Growth-Friendly […]
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The government on Tuesday increased the price of petrol by Re0.88 per litre and that of high-speed diesel (HSD) by Re0.53. Following the revision, petrol will retail at Rs382.02 per litre while HSD will cost Rs389.80 per litre. The government continues to levy Rs114 per litre in taxes and duties on petrol and Rs100 per […]
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Deputy Prime Minister and Foreign Minister Ishaq Dar on Tuesday encouraged members of the Shanghai Cooperation Organisation (SCO) to use national currencies for “mutual settlement” and establish other financial mechanisms to “offset international financial shocks”. He made the remarks while addressing the SCO Council of Heads of Government (CHG) meeting in Tajikistan’s capital Dushanbe, where […]
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ISLAMABAD: Pakistan and Canada on Monday began negotiations on the third round of the Bilateral Investment Treaty (BIT) aimed at strengthening the flow of foreign direct investment (FDI) between the two countries. The Canadian delegation was led by High Commissioner Tarik Ali Khan, while the Pakistani side was headed by Special Investment Facilitation Council (SIFC) […]
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KARACHI: The Pakistan Stock Exchange (PSX) opened the week on a depressed note amid persistent regional and political turmoil as investors remained cautious in a directionless market due to lack of positive triggers. Topline Securities Ltd said the KSE-100 index remained under pressure, closing at 165,966, down 453 points or 0.27pc, reflecting cautious investor sentiment. […]
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• Asset Performance Management System pilot project to be launched from Lahore, Kasur• APMS to be synced with smart meters to monitor power consumption in real-time• System will help authorities triangulate point of loss, theft with greater accuracy LAHORE: The government is all set to introduce the Asset Performance Management System (APMS), also known as […]
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PESHAWAR: Khyber Pakhtunkhwa Governor Faisal Karim Kundi on Monday said the province had vast potential for industrial development, so there was a need for a comprehensive and practical strategy to fully explore it for creating employment and strengthening the provincial economy. He was chairing a meeting of the Khyber Pakhtunkhwa Economic Zones Development and Management […]
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KARACHI: Nearly 100 days into the current fiscal year (FY27), the private sector has continued to retire bank debt rather than borrow, reflecting weak investment activity that could constrain economic growth. The latest data released by the State Bank of Pakistan (SBP) on Monday presents a discouraging picture, with businesses showing little appetite for bank […]
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• Roadmap aims to establish efficient and competitive gas market in Pakistan • Finance minister says need to learn from global experiences to develop sector ISLAMABAD: Minister for Finance and Revenue Muhammad Aurangzeb on Monday called for learning from international experiences for reforms in the gas sector to meet the challenges of circular debt, cross-subsidies, […]
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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has launched an investigation into the initial public offering (IPO) of SE Fruits and Vegetable Limited after an anonymous complaint revealed major financial discrepancies in the company’s audit report, officials said. The commission is also looking to strengthen the Audit Oversight Board after discrepancies were detected […]
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