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OGRA recommends reducing prices of petroleum products

OGRA recommends reducing prices of petroleum products

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ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has sent a summary to the federal government for recommending modification in prices of petroleum products. OGRA recommended to reduce the prices of petrol up 6 paisas and...
KP Govt to issue mining licenses in tribal districts from Jan 6

KP Govt to issue mining licenses in tribal districts from Jan 6

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PESHAWAR: The Khyber Pakhtunkhwa government has decided to issue mining licenses in the merged tribal districts from Monday next (January 6). According to detail, only the locals can apply online for obtaining the mineral licenses. Khyber...
Transporters observe strike against fines, taxes on motorways

Transporters observe strike against fines, taxes on motorways

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LAHORE: Pakistan Mini Mazda Association on Thursday has begun their countrywide strike from Lahore against increasing fines and taxes on motorways and highways. According to Public and Goods Transport Alliance spokesman, the transporters have started...
NEPRA likely to increase power tariff by 98 paisa per unit

NEPRA increases power tariff by Rs1.56 per unit

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ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Thursday allowed Rs1.56 per unit increase in power tariff for all the power distribution companies, except K-Electric, on account of fuel price adjustment for the...
IMF approves second tranche of $450m for Pakistan

IMF approves second tranche of $450m for Pakistan

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WASHINGTON: The International Monetary Fund (IMF) on Thursday approved second tranche worth of $450 million for Pakistan under the $6 billion Extended Fund Facility in a meeting of its executive board in Washington. The IMF...
World Bank to finance Khyber Pass Economic Corridor

World Bank to finance Khyber Pass Economic Corridor

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ISLAMABAD: Pakistan and the World Bank signed on Friday a project agreement worth $406.6 million for financing the Khyber Pass Economic Corridor (KPEC) project. Minister for Economic Affairs Hammad Azhar oversaw the signing ceremony of...
US dollar hits all-time high against rupee in interbank market

Pakistani rupee makes gains against US dollar

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KARACHI: The rupee gained against the dollar in the inter-bank and open market in the outgoing week largely due to strong foreign inflows, while positive macroeconomic indicators also helped in the currency's appreciation. The rupee...
Govt decides to set up markets in border areas with Afghanistan, Iran

Govt decides to set up markets in border areas with Afghanistan, Iran

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ISLAMABAD: The federal government has decided to establish border markets in the border areas with Afghanistan and Iran. Prime Minister Imran Khan has tasked the commerce ministry to complete necessary requirements for the establishment of...
ADB approves $1 billion budget support to strengthen Pakistan's economy

ADB approves $1 billion budget support to strengthen Pakistan’s economy

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MANILA: The Asian Development Bank (ADB) Friday approved $1 billion in immediate budget support to Pakistan to shore up the country’s public finances and help strengthen a slowing economy, said an official ADB news...
US welcomes Moody's upgrade in Pakistan's credit outlook

US welcomes Moody’s upgrade in Pakistan’s credit outlook

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WASHINGTON: Crediting the finance ministry's reform efforts and the International Monetary Fund (IMF) programme, the in-charge of South Asia affairs at the US State Department, Alice Wells, on Wednesday welcomed Moody's revision in Pakistan's...

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