Business

Businesses demand further rate cut

Business leaders responded critically to the policy rate announced by the State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC),…

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SIFC moves to address refinery woes

The Special Investment Facilitation Council (SIFC) has given a deadline of November 10 to the Petroleum Division for addressing the…

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Capital beautification for SCO cost exchequer Rs2.7b

The government on Monday instructed a third-party validation of the Rs2.7 billion worth bills that the administration claimed to have…

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Gold prices dip in local, international markets

The price of 24-karat gold has dropped by Rs.500 per tola, now standing at Rs.283,200 compared to the previous trading…

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Circular debt to hit Rs2.43tr next year

The government on Monday approved a new Circular Debt Management Plan, revealing that the disclosed costs of theft and low…

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Debt re-profiling cuts interest costs on domestic loans

The government has continued to re-profile domestic debt by retiring high-cost, short-term loans to commercial banks and raising new, lower-interest,…

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Four-month tax target missed

The government has missed its four-month tax collection target by a significant Rs190 billion despite imposing record-high taxes in any…

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EV stations for motorways approved

The government has approved the setting up of 40 electric vehicle (EV) charging stations along motorways at a power tariff…

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Govt meets only two fiscal conditions

Pakistan has missed three out of five major fiscal conditions set by the International Monetary Fund (IMF) for the first…

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Sole bidder offers Rs10b for 60% PIA shares

The government’s first serious attempt to privatise the Pakistan International Airlines fell through on Thursday when the sole bidder offered…

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