Plan for complete revival of PIA in March: CEO

ISLAMABAD: Chief Executive Officer of Pakistan International Airlines Arshad Malik has said a strategic business plan will be presented in March for the complete revival of the national flag carrier as per the vision...

Revenue Division to get Rs 790.1 million under PSDP 2017-18

ISLAMABAD: The government has set aside Rs 790.1 million for the ongoing and new schemes of Revenue Division under Public Sector Development Programme (2017-18). The official documents released here on Friday revealed that an amount...

Ishaq Dar to leave for Dubai today for talks with IMF

ISLAMABAD: Finance Minister Ishaq Dar leaving for Dubai today to join the policy-level dialogue with the International Monetary Fund (IMF). The technical talks between Pakistan and the IMF has been underway in Dubai in...
Governor Sindh, Balochistan send resignations to President

Leasing out of Pakistan Steel Mills for 30 years proposed

ISLAMABAD: Privatization Commission’s board Tuesday agreed to a proposal for leasing out Pakistan Steel Mills (PSM) for 30 years. The privatization commission meeting was chaired by Mohammad Zubair, which forwarded the recommendations to the Cabinet...
SBP hikes interest rate to 10 percent

Monetary policy: SBP leaves key interest rate unchanged at 5.75%

KARACHI: In line with market expectations, the State Bank of Pakistan (SBP) left the key interest rate unchanged at 5.75% for the next two months. “The Monetary Policy Committee has decided to keep the policy...

FBR obtains information about Pakistanis’ properties in UK

ISLAMABAD: Under a newly-signed agreement, Pakistan will have access to the information about its nationals’ assets abroad. The Federal Board of Revenue (FBR) has obtained information regarding immovable properties owned by Pakistanis in the United...

SBP keeps policy rate unchanged at 5.75pc

KARACHI: State Bank of Pakistan (SBP) on Saturday announced its monetary policy for the next two months and kept the policy rate unchanged at 5.75 percent. The Monetary Policy Committee of the SBP after detailed...
Iran files suit in international court against U.S. over sanctions

Iran secures 8-bln euro loan from Korea Eximbank  

TEHRAN: Iran has secured an eight-billion euro credit line from South Korea's Eximbank, the Islamic republic's biggest loan deal since its 2015 nuclear accord, the Iranian central bank announced Thursday. "The biggest contract since the atomic...
Rs 9.5 bn allocated for NPGP in next fiscal year: Miftah Ismail

Rs 316080 million allocated for Communications Division

ISLAMABAD: The Federal Government has allocated Rs 316080.848 million for 132 development projects of Communications Division in the Public Sector Development Programme (PSDP) for the fiscal year 2018-19. According to the budgetary document released on...
US dollar falls in interbank market against Pakistani Rupee

Dollar soars to Rs 137 in interbank market

KARACHI: The US dollar soared to Rs. 137 in the interbank market on Tuesday, said forex dealers. The dollar was up by Rs. 12.75 as the market opened today as it stood at Rs. 124.25...

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