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PIA privatisation: Three consortia submit bids for 75% stake

Adeel RAFIQUE
KARACHI: Pakistan’s government received three bids during a televised auction for state-owned Pakistan International Airlines (PIA), marking a renewed effort to fulfill long-standing IMF-mandated reforms....
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Pakistan gets $1.2bn tranche from IMF

Adeel RAFIQUE
ISLAMABAD: Pakistan has successfully received a $1.2 billion disbursement from the International Monetary Fund (IMF). Officials have confirmed the funds have been deposited into the...
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Pakistan prepares to tax banks on extraordinary profits

muhammad ahmeed
ISLAMABAD: The federal government is gearing up to levy taxes on the ‘excessive profits’ of commercial banks in a bid to boost ‘tax recovery’ as...