National Savings Certificates Profit Rates Revised
Islamabad: The Finance Ministry has revised the profit rates on National Savings Schemes certificates, a notification issued in this regard said Thursday. The profit rate...
Economic Coordination Committee Approves NGO Policy
Islamabad: Economic Coordination Committee has approved provision of five hundred thousand metric tons of wheat to Khyber Pakhtunkhwa during the current crop year. The Committee...
AJK Govt To Present Budget For Fiscal Year 2021-2022 Today
Muzzafarabad: Azad Jammu and Kashmir government will present its final budget for the next fiscal year today (Wednesday). AJK Minister for Finance Dr Najeeb Naqi...
Govt Increases Price of Petrol
ISLAMABAD: Government on Tuesday approved an increase of Rs2.13 per litre in the price of petrol. According to a notification issued by Finance Division, the...
NEPRA Defers KE Plea Seeking Hike in Tariff
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Tuesday deferred a decision on a petition filed by the K-Electric seeking a hike in electricity...
Sindh Cabinet Approves Budget For Fiscal Year 2021-2022
KARACHI: The Sindh cabinet on Tuesday approved the provincial budget for the fiscal year 2021-22 with an overall outlay of Rs 1.47 trillion. Chief Minister...
Sindh Budget For Fiscal Year 2021-22 To Be Presented Today
Karachi: Sindh budget for the next fiscal year 2021-22 will be presented in provincial assembly in Karachi on Tuesday. Sindh Chief Minister Murad Ali Shah...
PSX Witnesses bullish Trend, Closes at 48,726 Points
KARACHI: As many as 413 companies transacted shares in the stock market, 238 of them recorded gain and 161 sustained losses whereas the share price...
Punjab: FY 2021-22 Budget With Total Outlay Of Rs2653 bln Announced
Lahore: Punjab government has presented a public friendly provincial budget with a total volume of 2653 billion Rupees for next fiscal year in the newly...
OGRA Proposes Hike In Petroleum Products
Islamabad: Oil and Gas Regulatory Authority (OGRA) has sent a summary to the finance ministry for fortnightly changes in the petroleum products. Sources said that...
Punjab Cabinet Approves Budget For Fiscal Year 2021-2022
LAHORE: The Punjab government on Monday approved the proposed budget for the fiscal year 2021-22 today with an estimated total budget outlay of Rs 2.653...
Tarin For Balance Between Imports and Exports
Finance Minister Shaukat Tarin has said the budget 2021-22 focuses on uplift of the poor and sustainable economic growth through incentives for various sectors including...
Govt Proposes Rs91b For Ensuring Water Security In Budget: Tarin
ISLAMABAD :Minister for Finance and Revenue Shaukat Tarin on Friday said that the government had proposed a total of Rs 91 billion in the budget...
Subsidy Proposed For Citizens Buying Houses
ISLAMABAD: Presenting the budget in the National Assembly, the Finance Minister said that Prime Minister Imran Khan wants to change the course of history by...
Rs25.4 Billion Allocated For Karachi Development
ISLAMABAD: Presenting the Budget 2021-2022, the Federal Minister for Finance said that Rs. 20 billion has been allocated for the development project of South Balochistan....
Reduction in Excise Duty For Vehicles Upto 850cc Proposed
ISLAMABAD: In the budget for the new financial year 2021-22, a reduction in federal excise duty on locally manufactured vehicles up to 850 cc was...
Govt Imposes Federal Excise Duty On Mobile Phone Calls, Internet Data And SMS
ISLAMABAD: The federal government has made a reduction in withholding tax rate for mobile services from 12 per cent to 10 per cent in the...
Budget 2021-2022 In Regard To Different Sectors and Incentives
POVERTY ALLEVIATION The Finance Minister said Prime Minister Imran Khan wants to change the course of the history by uplifting four to six million low...
Power Generation From Tarbela Dam Increases
ISLAMABAD: With the rising water level in Tarbela, hydropower generation has improved, a WAPDA spokesman said, adding that hydropower generation will increase further in the...
Remittances Increase to Near $2.5b in May
Islamabad : Remittances from overseas workers increased 34% year-on-year, amounting to $2.49 billion in May 2021, said the State Bank of Pakistan (SBP) on Thursday....
Procurement Of COVID vaccines Worth Of Whopping US$1 bn Approved
ISLAMABAD: Finance Minister Shaukat Tarin has approved a grant of US$1 billion for procurement of COVID vaccine to be administered to seven million people. The...
Rs2100bn Reserved For Development in Upcoming Budget: Umar
ISLAMABAD: Federal Minister for Planning, Development, and Special Initiatives Asad Umar on Tuesday said that the government has decided to increase the national development budget...
PSX Gains 90 Points to Close At 48,302 Points
KARACHI: The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed a bullish trend on Monday, gaining 90.96 points, with a positive change of 0.19%...
Sindh Issues Notification For Extended Business Hours
KARACHI: Sindh Home Department has issued notification that the businesses will remain open in the province till 08:00 in the evening. The businesses will remain...
Sindh Govt Decides To Extend Business Hours Till 8 pm From Tomorrow
KARACHI: A meeting of Sindh Corona Task Force on Sunday decided to extend the business hours of the markets and shops till 08:00 PM. Presiding...
Will Provide Relief to Masses in Next Budget: Firdous
LAHORE: Punjab cabinet has approved special allowance for the employees from grade one to 19. Special Assistant to CM Punjab, Dr Firdous Ashiq Awan while...
SBP Foreign Reserves Rise $272mn To $16.1bn
The State Bank of Pakistan’s (SBP) foreign exchange reserves increased by US$272 million and were recorded at $16,133 million during the week ending on May...
SBP Releases Second Quarterly Report of 2021-22
KARACHI: The State Bank of Pakistan (SBP) today released its second quarterly report on the state of Pakistan’s economy for the fiscal year 2020-21. The...
Extension In Buisness Hours Soon: Saeed Ghani Promises
KARACHI: Sindh’s education minister Saeed Ghani has said that the business hours will soon to be extended to 8:00 pm. “An announcement with regard to...
GDP Growth Expected to Reach 5% In Next Two Years: Hammad
ISLAMABAD: In yet another positive development, Federal Minister for Energy Hammad Azhar, who also served as finance minister for a brief period, said the Gross...
ECC Approves Technical Supplementary Grant For AJ&K Govt
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet on Wednesday given approval for the Technical Supplementary Grant (TSG) in favor of the government of...
ECC Approves Twenty Billion Rupees For COVID Vaccine Procurement
ISLAMABAD: Economic Coordination Committee has approved a technical supplementary grant of about twenty billion rupees for procurement of ten million doses of Covid-19 vaccine next...
OGRA Recommends Hike In Diesel Prices For Next 15 Days
LAHORE: The Oil and Gas Regulatory Authority (OGRA) has proposed hike in diesel price by Rs 4.36 per liter from June 1 while decision in...
OGRA Prepares Summary To Bring Changes In Prices Of Petroleum Products
LAHORE: The Oil and Gas Regulatory Authority (OGRA) has proposed to hike diesel price by Rs4.36 per liter from June 1. According to a summary...
Finance Minister Vows To Put Country On Path Of Inclusive, Sustainable Growth
ISLAMABAD: Finance Minister Shaukat Tarin has said agriculture, industries, IT and Service sectors will be incentivized in the next budget to enhance their productivity. Addressing...
SBP Extends Rs40,000 Prize Bond Encashment Deadline To September 30, 2021
The State Bank of Pakistan has extended the deadline to encash Rs 40,000 prize bonds by September 30 . You now have until September 30,...
Economy Back On Growth Path As predicted Earlier: Asad Umar
Islamabad: Federal Minister for Planning and Special Initiatives Asad Umar on Saturday said that he has informed two years ago that improvement in economy of...
Record Production Of Wheat, Rice, And Maize Witnessed This year: Fakhar Imam
Islamabad: Minister for National Food Security and Research, Syed Fakhar Imam says record production of wheat, rice, and maize has been witnessed this year. Addressing...
Pakistan, Russia Sign IGA For Gas Pipeline Project
ISLAMABAD: A progress has been made on Pakistan, Russia North-South Gas Pipeline project following the comprehensive strategy of the federal government as an amended inter-governmental...
SBP Announces Monetary Policy, Maintains Interests Rate At 7 Percent
KARACHI: The State Bank of Pakistan (SBP) on Friday to keep the interest rate unchanged at 7 percent for the next two months. In a...