Dec 2

Pakistan’s trade deficit widens by 112% to $20.59 billion

ISLAMABAD: Pakistan’s trade deficit ballooned by 112 per cent to $20.59 billion during the first five months (July – November) of the current fiscal year 2021/2022, according to official data released on Thursday. The trade deficit was at $9.72 billion in the same months of the last fiscal year, revealed by the data released by […]

by Mrs. Anjum Shahnawaz

Pakistan’s import cover reduces to two months

Dec 2

Finance

Pakistan’s import cover reduces to two months

KARACHI: Pakistan’s import cover has been reduced to two months with a reduction in official foreign exchange reserves of the State Bank of Pakistan (SBP) to $16.01 billion. The import cover was 3.3 months in August 2021, according to analysts at Topline Securities. According to the data released by the SBP, its official reserves were […]

by Faisal Shahnawaz

PM Adviser directs to reduce luxury items import

Dec 2

Finance

PM Adviser directs to reduce luxury items import

ISLAMABAD: Shaukat Tarin, Adviser to Prime Minister on Finance and Revenue, has directed the authorities to take measures to reduce the import of luxury items. He was presiding over a meeting to review the balance of trade at Finance Division on Thursday. Federal Minister for National Food Security and Research Syed Fakhar Imam, Federal Minister […]

by Mrs. Anjum Shahnawaz

Timelines for CPEC projects should be adhered to: PM

Dec 2

Finance, National, Top stories

Timelines for CPEC projects should be adhered to: PM

ISLAMABAD: Prime Minister Imran Khan on Wednesday emphasized that timelines specified for completion of China-Pakistan Economic Corridor (CPEC) should be adhered to. Prime Minister Imran Khan chaired a high level meeting to review progress on CPEC projects. The Prime Minister emphasized that timelines specified for completion of CPEC projects should be adhered to. He said […]

by Mrs. Anjum Shahnawaz

PM adviser stresses need to rationalize salaries

Nov 30

Finance, National

PM adviser stresses need to rationalize salaries

ISLAMABAD: Shaukat Tarin, Adviser to the Prime Minister on Finance and Revenue, on Tuesday stressed the need to rationalize salaries, allowances, and perks. Tarin was addressing a virtual meeting of the Pay and Pension Commission. The Commission is headed by Zafar Ahmed Khan and is composed of senior professionals from public and private sectors as […]

by Mrs. Anjum Shahnawaz

Cabinet renews aviation licenses of four airlines

Nov 30

Finance, Top stories

Cabinet renews aviation licenses of four airlines

ISLAMABAD: The Federal Cabinet on Tuesday approved the renewal of aviation licenses of four airlines under the National Aviation Policy 2019. Prime Minister Imran Khan chaired the meeting of the federal cabinet in Islamabad. On the recommendation of the Ministry of Aviation, the Cabinet approved the renewal of aviation licenses of M/S SERENE AIR, M/S […]

by Mrs. Anjum Shahnawaz

Headline inflation surges by 11.5% in November 2021

Nov 30

Finance, Top stories

Headline inflation surges by 11.5% in November 2021

ISLAMABAD: The headline inflation based on Consumer Price Index (CPI) has increased by 11.5 per cent on a Year-on-Year (YoY) basis in November 2021, the Pakistan Bureau of Statistics (PBS) said on Tuesday. The CPI for November 2021 increased when compared with 9.2 per cent in the previous month and 8.3 per cent in November […]

by Mrs. Anjum Shahnawaz

Pakistan donates 50,000MT wheat to Afghanistan

Nov 29

Finance, National, Top stories, World

Pakistan donates 50,000MT wheat to Afghanistan

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday approved a donation of 50,000 metric tons of wheat to Afghanistan. The Federal Minister for Economic Affairs Division (EAD) Omar Ayub Khan chaired the ECC meeting and took several important decisions. Federal Minister for Energy Hammad Azhar, Abdul Razak Dawood Advisor to Prime Minister […]

by Mrs. Anjum Shahnawaz

SBP signs $3bn deposit agreement with Saudi Fund

Nov 29

Finance, Money & Banking, Top stories

SBP signs $3bn deposit agreement with Saudi Fund

KARACHI: State Bank of Pakistan (SBP) on Monday signed an agreement for a deposit of $3 billion from Saudi Fund for Development (SFD). The SBP in a statement said that a deposit agreement between the Kingdom of Saudi Arabia, represented by the Saudi Fund for Development (SFD), and the Government of the Islamic Republic of […]

by Faisal Shahnawaz

Presidents of Pakistan, Iran discuss trade, economy

Nov 28

Finance, National, Top stories, World

Presidents of Pakistan, Iran discuss trade, economy

ISLAMABAD: The president of Pakistan Dr. Arif Alvi and the president of Iran Seyed Ebrahim Raisi on Sunday discussed bilateral trade and economy. President Dr Arif Alvi met with President of Iran Seyed Ebrahim Raisi, on the sidelines of the 15th Summit of the Economic Cooperation Organization (ECO) in Ashgabat. President Alvi congratulated President Raisi […]

by Mrs. Anjum Shahnawaz