Pakistan and Iran have agreed to take measures to expand the annual trade exchanges to $5 billion by the year 2023. “Understanding of the new trade target was reached during the ninth meeting of Iran-Pakistan Joint Trade Committee held in Tehran,” said a commerce ministry official announcement released on Saturday. Iranian Minister of Industry, Mines مزید پڑھیں

The government on late Thursday night jacked up the price of petrol by Rs 8.03 per litre with immediate effect. According to a notification issued in this regard, the new price of petrol will be Rs 145.82 per litre against the current rate of Rs 137.79 per litre. The price of high-speed diesel (HSD) has مزید پڑھیں

State Bank of Pakistan (SBP) Deputy Governor Murtaza Syed claimed on Wednesday that inflation in Pakistan was not being witnessed because of rupee devaluation, inviting a strong reaction from parliamentarians besides contradicting views of the Ministry of Finance. “Inflation is not high because of exchange rate,” he said while giving a briefing to the Senate مزید پڑھیں

Despite the government’s claims of working to curb the prices of essential items in the country, the price of sugar continues to soar and has now crossed the price of petrol even. Sugar is being sold as high as Rs150 per kg in different cities while petrol is currently being sold at Rs138.30 per litre مزید پڑھیں

Pakistan has paid a whooping $100 million (approximately) penalty to the Asian Development Bank (ADB) for its failure to execute various donor-funded projects within the stipulated time-frame during the last 15 years. The publication shared a couple of examples of bad governance in implementing the donor-funded projects in the country for which the hard-earned precious مزید پڑھیں

Businesses and people are rapidly adopting digital channels to pay taxes and duties as the government has collected revenue worth Rs4.31 trillion through online banking since the introduction of the facility in March 2018. The collection of taxes and fees through alternative delivery channels (ADCs) including internet banking, mobile banking, ATM machines and over the مزید پڑھیں

Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin on Monday announced that an agreement with the International Monetary Fund (IMF) over the revival of the $6 billion Extended Fund Facility (EFF) had been reached and a formal accord will be signed later this week. The deadlock between the Pakistan government and the مزید پڑھیں

Chinese smartphones and electronics giant Xiaomi plans to manufacture phones in Pakistan, its local partner, Air Link Communication Limited, revealed in a material disclosure statement filed in the Pakistan Stock Exchange on Monday. “Xiaomi, the global consumer electronics & smartphone giant, has joined hands with Select Technologies (Pvt) Limited, a wholly-owned subsidiary of Air Link مزید پڑھیں

Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin on Monday announced that an agreement with the International Monetary Fund (IMF) over the revival of the $6 billion Extended Fund Facility (EFF) had been reached and a formal accord will be signed later this week. The deadlock between the Pakistan government and the مزید پڑھیں

Energy Minister Hammad Azhar Monday said that the government was taking all possible measures to avert the looming gas crisis in the country. Hammad Azhar said that they had arranged 11 LNG cargoes for the month of November. However, two of the LNG trading companies have unofficially informed the authorities about the non-provision of two مزید پڑھیں