In its budget for the 2023–24 fiscal year, which will be presented on Friday, Pakistan’s government would seek to find the right balance between reforms to satisfy the International Monetary Fund and steps to win over voters in upcoming elections, analysts said. In order to complete its IMF program, Pakistan has to release around $2.5 مزید پڑھیں

Pakistan and Turkmenistan signed a joint implementation plan in Islamabad on Thursday to execute Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project. The ceremony was witnessed Prime Minister Shehbaz Sharif and a delegation of Turkmenistan led by Minister of Energy and Water Resources Daler Juma’a. Speaking on the occasion, Prime Minister Shehbaz Sharif said TAPI is a very مزید پڑھیں

The Zara Airways – a Canada-based airline – has decided to start direct flights to Pakistan in August for which it is currently seeking permission from the authorities concerned of the two countries. The newly-launched airline is owned by a Pakistani-origin businessman who wants to operate direct flights to Islamabad, Lahore and Karachi from Montreal مزید پڑھیں

Finance Minister Ishaq Dar says the government will announce a pro-investment, people welfare-oriented, and business-friendly budget for the next financial year. Talking to a private news channel on Sunday, he said the government will provide as much relief to the public as possible. The Minister the government was introducing long-term policies aimed at sustainable economic مزید پڑھیں

In another blow to inflation-weary people, Oil and Gas Regulatory Authority (OGRA) approved the colossal increase of up to 50 percent in the Sui gas prices from July 1. Media reports suggest that the regulator allows Sui Northern Gas Pipelines Ltd (SNGPL) to hike gas prices by up to 50 percent and the Sui Southern مزید پڑھیں

Pakistan, Iran, Afghanistan and Russia have made great progress regarding trade. The government has allowed Pak-Iran, Pak-Russia barter trade. The Ministry of Commerce issued the Business to Business Barter Trade Rules in this regard. Pakistan will now be able to export goods to Afghanistan, Iran, Russia through barter trade. According to the SRO issued by مزید پڑھیں

The US dollar (USD) on Thursday witnessed a massive loss against the Pakistani rupee (PKR) in the open market. According to the State Bank of Pakistan, the local unit (USD) lost PKR25 against USD trading at Rs290 in open market. In an effort to narrow the exchange rate gap between official and kerb markets, the مزید پڑھیں

Finance Minister Ishaq Dar announced on Wednesday that the price of petrol was being reduced by Rs8 and high-speed diesel (HSD) by Rs5 per litre for the next fortnight. The new prices of petrol and HSD are Rs262 and Rs253 per litre, respectively. The price of light diesel oil (LDO) was also slashed by Rs5 مزید پڑھیں

The National Electric Power Regulatory Authority (NEPRA) on Wednesday jacked up the power tariff by Rs1.60 per unit. As per details, the power regulatory authority approved Rs1.60 per unit hike in electricity tariff in the wake of the monthly fuel adjustment. The consumers have to pay the additional amount in June. Furthermore, the increase in مزید پڑھیں

Finance Minister Ishaq Dar has reaffirmed the government’s firm resolve to promote Islamic finance industry and eliminate interest based system in Pakistan. Addressing the inaugural session of International Conference on Islamic Capital Market in Islamabad today, he said we are committed to achieve the goal of this transformation within the timeframe of five years given مزید پڑھیں