State Bank of Pakistan announces monetary policy

KARACHI: The State Bank of Pakistan on Saturday announced the new monetary policy for the next two months reducing the interest rate further by 50 basis points. The central bank reduced interest rate by...

FBR to launch pilot testing of RIMS on restaurants

ISLAMABAD: The Federal Board of Revenue (FBR) would launch a pilot testing of Real-time Invoice Monitoring System (RIMS) on hotels and restaurants in Islamabad having sales turnover of Rs5 million and above in the...

IMF cuts Pakistan’s growth forecast to 2.6%

WASHINGTON: The International Monetary Fund on Thursday revised its forecast for Pakistan’s economic growth down to 2.6 per cent for 2015. The IMF in its World Economic Outlook report for July, it has sliced...

Prices of petroleum products to remain unchanged for next month: Dar

ISLAMABAD: Federal government has decided to keep the prices of petroleum products unchanged for next months, said Finance Minister Ishaq Dar. Addressing a press conference, Dar said that OGRA had recommended nominal decrease of...

Pakistan’s cotton imports to hold near record highs as output dwindles

MUMBAI: Cotton imports by Pakistan are expected to remain near record-high levels in the year to July 2017, as erratic weather forces farmers in the world's fourth-biggest producer to trim area under the crop,...

KP Cabinet approves budget proposals for FY 2017-18

PESHAWAR: A special meeting of the Khyber Pakthunkhwa Cabinet with Chief Minister Pervez Khatak in chair here Wednesday approved budget proposals for financial year 2017-18. The meeting was attended by Provincial Ministers and administrative secretaries...
Nawaz Sharif

Pakistan full of opportunities due to strategic location: PM

ISLAMABAD: Prime Minister Nawaz Sharif has said Pakistan's strategic location makes it a market full of opportunities to become Asia's premier trade, energy and transport corridor. He was talking to CEO of Royal Friesland Campina,...

PAC seeks record of LNG quota given in Musharraf’s reign

ISLAMABAD: The Public Accounts Committee (PAC) on Wednesday sought from the Ministry of Petroleum the record of companies given liquefied natural gas (LNG) quota in former president Pervez Musharraf’s reign. PAC members are of...

Pakistan, Afghanistan agree to resolve trade issues

ISLAMABAD: Pakistan and Afghanistan on Tuesday agreed that institutional mechanism between the two countries needed to be strengthened, saying holding of the much-awaited 7th Afghanistan Pakistan Transit Trade Coordination Authority Meeting by the Afghan...
Prices of petroleum products likely to drop from December

Caretaker government jacks up prices of petroleum products

ISLAMABAD: The caretaker government has announced increase in the prices of petroleum products, which will come into effect 12:00am tonight. According to details, price of petrol has been increased by Rs. 4.26 after which, it...

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