After a day’s respite, the Pakistani rupee resumed its downward movement against the greenback on the back of concerns regarding the International Monetary Fund’s (IMF) willingness to get on board with the new measures announced by the government. The local currency gained 0.12% to close at Rs177.62 in the inter-bank market on Wednesday. After posting مزید پڑھیں

Oil and Gas Regulatory Authority (OGRA) called an immediate meeting on Wednesday to discuss the concerns of the Oil Marketing Companies (OMC) and refineries on the decision taken by Prime Minister (PM) Imran Khan about decreasing the petroleum products prices. According to sources, Chairman OGRA Masroor Khawar will chair the meeting in which heads of مزید پڑھیں

Pakistan’s current account deficit — the gap between the country’s higher foreign expenditure and low income — widened to a 13-year high of $2.6 billion in January 2022 in the wake of a surge in import payments due to rising commodity prices in the international market. This was the highest-ever monthly current account deficit. The مزید پڑھیں

The National Assembly Standing Committee on Petroleum was informed on Wednesday that the prices of petroleum products might increase in the country because of unprecedented hike in the world oil prices, while two tenders for import of liquefied natural gas (LNG) were cancelled. Members of the committee, which met here with Imran Khattak in the مزید پڑھیں

Electricity rates are likely to be jacked up by Rs6.10 per unit after a request for the same by Central Power Purchasing Agency (CPPA) has been made to the National Electric Power Regulatory Authority (NEPRA). The request to approve an increase of Rs6.10 per unit in electricity prices on account of Fuel Charges Adjustment (FCA) مزید پڑھیں

The government will hold tough negotiations with the International Monetary Fund (IMF) for withdrawal of Personal Income Tax (PIT) exemptions and bringing changes to its existing slabs, says Federal Minister for Finance and Revenue Shaukat Tarin. Speaking to the media, after attending a ceremony for announcing Rs53 million worth of prizes among 1,007 winners through مزید پڑھیں

The government on Tuesday dropped a major bombshell on the people by increasing the price of petrol by Rs12.03 per litre due to an increase in the prices of crude oil in the international market. “The prices of petroleum products are showing drastic increase in the international market and presently are at the highest level مزید پڑھیں

Gulf envoys stressed on Monday that women must be able to work and go to school, in talks with the Taliban foreign minister as Afgha­nistan’s hardline Islamic rulers made a new bid to unblock foreign aid. Amir Khan Muttaqi, a key member of the Taliban leadership that took over Kabul six months ago, met in مزید پڑھیں

Pakistan and India have finalised matters to supply wheat and medical aid to Afghanistan to help it fight the ongoing humanitarian crisis. The process of transporting 50,000 tonnes of Indian wheat to Afghanistan via Pakistan will start February 22. Pakistan and India had been engaged in talks over wheat transportation for the last three months, مزید پڑھیں

In response to a question asked by a senator, Finance Ministry on Friday revealed State Bank of Pakistan (SPB) Governor Dr Reza Baqir draws a monthly salary of Rs 2.5 million. The finance ministry disclosed the governor’s salary to a question asked by Pakistan Muslim League-Nawaz (PML-N) Senator Irfan-Ul-Haque Siddiqui. In the initial document answering مزید پڑھیں