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Business
Old guards become part of decision making
ISLAMABAD:
The government has notified a selection committee to shortlist candidates to fill the positions of commissioners of the Securities and Exchange Commission of Pakistan (SECP), bringing the old finance ministry guards back to the…
Ministry withholds 150% allowance
ISLAMABAD:
The Ministry of Finance on Friday withheld a notification for 150% executive allowance for the bureaucrats as it planned to give a need-based allowance instead of making it part of the salary of every officer serving in the…
Solar energy package on the cards
ISLAMABAD:
The government is working on a comprehensive solar energy package comprising tax waivers and concessionary loans for consumers in a bid to overcome the prolonged power outages that have stalled life in the country.
The solar…
Startups attract $280m investment
KARACHI:
Confronting the national and international economic crises, Pakistan’s booming startups have secured investments in first half of 2022 better than the previous year.
Investments in second quarter of 2022 has been recorded at…
Country’s growth prospects likely to remain…
ISLAMABAD: The Ministry of Finance in its latest report released here on Wednesday said that the country’s growth prospects were expected to remain “satisfactory”, but the number of potential risks might diverge it from the optimal path.…
New govt should have purchased cheap oil from Russia: Tarin
ISLAMABAD: Former finance minister and senior PTI leader Shaukat Tarin Wednesday said that the coalition government "should have purchased cheap oil from Russia" as the previous Imran Khan-led government had already written a letter in this…
Major progress in talks with Pakistan over FY23 budget: IMF
Discussions between the International Monetary Fund (IMF) and Pakistan are underway and major progress has been made regarding the budget for the next fiscal year, Resident Representative to Pakistan Esther Perez Ruiz said Wednesday…
Pakistan, China sign $2.3b loan facility agreement
SLAMABAD: Pakistan on Wednesday signed a RMB 15 billion ($2.3 billion) loan facility agreement with a Chinese consortium of banks which is expected to aid the depleting foreign exchange reserves and depreciation of local currency.…
Currency update: Rupee likely to maintain downward trend next…
KARACHI: The Pakistani rupee is expected to maintain its losing streak next week if the government does not reach an agreement with the International Monetary Fund (IMF) for revival of a $6 billion financial package, say traders.
The…
Gold Rate Today : Gold Price Today
Amid the ongoing financial crisis in the country, the gold price in Pakistan gained Rs550 per tola on Wednesday.
According to the All Sindh Saraf and Jewellers Association (ASSJA), the price of gold settled at Rs143,000 per tola.…