Federal cabinet approves money whitening scheme

ISLAMABAD: The federal cabinet on Tuesday approved a scheme to whiten money through declaration of concealed / hidden assets. Read more »

Around 98pc offshore drilling near Karachi coast completes; nation to get good news in two weeks: Ali Zaidi

KARACHI: The joint venture of foreign and local companies has completed around 98 percent drilling near Karachi coast for the possible discovery of huge reservoirs of oil and gas, Federal Minister for... Read more »

Utility Stores Corporation implements Ramazan Package ahead of fasting month: RM Javed Khan

KARACHI: Utility Stores Corporation (USC) has implemented subsidized rates under Ramazan Package announced by the government to provide relief the masses during the holy month, a top official said on Sunday. Read more »

Immediate reduction up to 75 percent in drug prices announced

ISLAMABAD: The federal government has announced immediate reduction in prices of drugs up to 75 percent, which were increased since December 2018. Read more »

Nisab of Zakat fixed at Rs44,415 for deduction from bank accounts

KARACHI: The government has set ‘Nisab of Zakat’ at Rs44,415 for Zakat Year 1439-40 AH for deduction from bank accounts, said a statement issued by State Bank of Pakistan (SBP) on Friday. Read more »

DISCOs publish list of defaulters above Rs1 million

ISLAMABAD: Power Distribution Companies (DISCOs) have published the list of defaulters above Rs 1 million on their website, said a statement on Tuesday. Read more »

ExxonMobil chief discusses offshore drilling with minister

ISLAMABAD: Chairman of ExxonMobil, Alex Volkov with his team met Ali Haider Zaidi, Minister for Maritime Affairs here on Tuesday. Read more »

Second phase of Pak-China FTA signed; two premiers witness signing ceremony

ISLAMABAD: The second phase of Pakistan China Free Trade Agreement (FTA) signed on Sunday, which was witnessed by the premiers of both the countries. Read more »

Inflation increases by 17.15pc for higher income group

KARACHI: The prices of essential items has increased by 17.15 percent for higher income group above Rs35,000, according to weekly Sensitive Price Indicator (SPI) issued by Pakistan Bureau of Statistics (PBS). Read more »

Pakistan, Iran agree to boost monetary, financial, commercial activities

ISLAMABAD: Pakistan and Iran have agreed to enhance economic cooperation through boosting monetary, financial and commercial activities to their full potential by utilizing all available options. Read more »

Notification to appoint Hafeez Shaikh as finance advisor issued

ISLAMABAD: Prime Minister Imran Khan on Friday appointed Dr. Abdul Hafeez Shaikh as Advisor to the Prime Minister on Finance, Revenue and Economic Affairs with the status of federal minister with immediate... Read more »

Dr. Hafeez Shaikh entrusted for finance charge in major cabinet reshuffle

ISLAMABAD: Dr. Hafeez Shaikh has been appointed as Advisor to Prime Minister on Finance following resignation of Asad Umar from the slot of finance minister. Read more »