Rupee drops by 0.23%, loses value for 2nd straight day

Karachi: The Pakistani currency maintained a downward trend for the second consecutive working day as it depressed by 0.23% (or Rs0.50) to close at Rs218.38 against US dollar in the interbank market on Thursday. The currency ...

Minister Aleem Khan directs speedy privatisation of Discos

ISLAMABAD: The Board of the Privatisation Commission has sought a detailed presentation from the Ministry of Power for divesting electricity distribution companies (Discos) to address outstanding issues in advance. The decisi...

12-Dec-2024 Read More

No urgency to seek fresh loans, says Aurangzeb

ISLAMABAD: Conceding almost a record five per cent interest rate on $7bn loan from the International Monetary Fund (IMF), the government said on Wednesday the external financing gap had been met for the current year, l...

12-Dec-2024 Read More

Forget FY24

In 2021, buckling under the pressure of a rising import bill, soaring inflation, and shrinking reserves, the State Bank of Pakistan (SBP) in its abundant wisdom decided to impose extensive limits on automotive financing. The loa...

12-Dec-2024 Read More

APTMA urges FBR to revisit new customs system

ISLAMABAD: All Pakistan Textile Mills Association (Aptma) has urged the Federal Board of Revenue (FBR) to review new system in consultation with the industry. In a letter to Chairman FBR, Secretary General APTMA Shahid Sattar...

12-Dec-2024 Read More

SIFC moves to fast-track consultant support

ISLAMABAD: The SIFC has issued directions to fast-track the ongoing consultant support and to provide a comprehensive pipeline of investable projects to realise the sovereign commitments made by friendly countries. The SIFC c...

12-Dec-2024 Read More