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FO doesn’t rule out oil, wheat import from Russia
ISLAMABAD:
The Foreign Office on Friday did not rule out the possibility of Pakistan importing oil and food products from Russia, saying the country has an “open policy” driven by national interest to expand economic and trade relations.…
PM’s relief package for households earning below Rs40,000,…
ISLAMABAD:
Finance Minister Miftah Ismail said on Saturday that the incumbent government's relief package ‘Sasta Petrol Sasta Diesel’, as announced by Prime Minister Shehbaz Sharif, would protect poor families from the "storm of inflation"…
Former SC justice Baqar being considered for NAB chairman post
ISLAMABAD:
The federal government is considering the name of former Supreme Court Justice Maqbool Baqar for the position of the National Accountability Bureau’s (NAB) chairman.
A senior government functionary told on Saturday that the…
Institutions to be held accountable for country’s destruction…
Former prime minister and PTI Chairman Imran Khan has said that those who “installed” incumbent rulers in power will be held responsible for the country’s destruction and added that it was the collective responsibility of the entire nation…
Auto sector to see golden age
BEIJING:
As for the automotive industry, Pakistan is about to see a golden age of development. Chinese brands including BAIC Motor, Changan Auto and SAIC Motor have set up their assembly plants in Pakistan, said Pakistan’s Honorary…
Govt mulls incentives to raise cotton output
ISLAMABAD:
The government has decided to offer incentives to the farmers to enable them to switch over from the water-intensive sugarcane crop to cotton production in a bid to rely less on cotton imports and enhance textile exports amid a…
Cereal body opposes ban on maize export
KARACHI:
Exporters have urged the government not to ban maize exports, as the country has surplus maize production and it earns foreign exchange for the national exchequer. In a letter to the Ministry of Commerce and the Ministry of…
Bond yields rise further
KARACHI:
Commercial banks have further increased the interest rate on fresh financing for the cash-strapped government, as the demand for funds to meet budgetary expenditures stood high whereas political uncertainty restrained the rulers…
Govt committed to reviving the IMF programme, says Miftah
Finance Minister Miftah Ismail on Thursday said that the Pakistan Muslim League-Nawaz (PML-N) government is "committed to reviving the IMF programme and put Pakistan back on a sustainable growth path."
Ismail had returned from Doha,…
Imran gives 6-day ultimatum to govt for announcing elections
Former prime minister and Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Thursday gave the incumbent government an ultimatum; to announce elections within six days or have the “entire nation” return to the capital.
In an…