Federal Finance Minister Shaukat Tarin said that the government has no plan to hike the power tariff immediately. In his interaction with American think tank, US Institute of Peace in Washington, the finance minister said that before increasing the electricity tariff, the government will take measures to contain inflation in the country. The Pakistan government مزید پڑھیں

Canadian e-commerce platform Shopify is teaming up with top cloud companies including Microsoft and Oracle to help merchants streamline their business operations. Business owners on the platform can now access Enterprise Resource Planning (ERP) tools including Microsoft Dynamics 365 Business Central, Oracle NetSuite and Infor on the Shopify app. Earlier, they had to rely on مزید پڑھیں

Federal Minister for Finance Shaukat Tarin has left for the US to attend the annual meetings of the World Bank and the International Monetary Fund (IMF). Finance ministry officials on Tuesday said Tarin — who is leading Pakistan’s official entourage — will participate in policy-level talks with the IMF. “Policy talks between Pakistan and the مزید پڑھیں

Another major gas crisis is expected to hit the country this winter as Pakistan LNG Limited (PLL) was unable to attract LNG trading companies to its tender floated on September 11, 2021, where eight LNG cargoes were sought – four each for December and January. Sources said the country will not be able to import مزید پڑھیں

The Federal Investigation Agency (FIA) on Monday raided a currency exchange company and arrested a nine-member group for allegedly smuggling money from Pakistan to Afghanistan. FIA Commercial Banking Circle officials said the arrests were made in Karachi’s Gulshan-e-Iqbal and Saddar areas. The suspects were running an illegal hundi/hawala business under the pretext of a licensed مزید پڑھیں

To promote investment in renewable energy solutions by companies, the State Bank of Pakistan (SBP) has eased the conditions for renewable energy solution providers under its Refinance Scheme for Renewable Energy, a statement said Monday. The statement said all Renewable Energy Investment Entities (RE-IEs) interested in installing renewable energy projects or solutions were now allowed مزید پڑھیں

The gas crisis in Pakistan intensified on Saturday prompting gas companies to suspend supply to non-export industries for three days. In Sindh, Sui Southern Gas Company (SSGC) is facing a severe shortage of gas pressure along with the shortage of RLNG (re-gasified liquefied natural gas) supply. Given the gas crisis, gas supply to private power مزید پڑھیں

The steps being taken by the incumbent government to increase the country’s exports have started yielding results as Russia has increased the volume of rice imports from Pakistan. The Russian Trade ministry will monitor more rice factories via video link with the collaboration of the Plant Production department. Pakistani exporters have been allowed to export مزید پڑھیں

Federal Minister for Finance Shaukat Tarin will continue to work as an adviser to the prime minister on finance till he becomes a senator as his tenure as the finance minister will come to an end on October 16. The finance minister only has a few days to get elected as a senator — a مزید پڑھیں

The State Bank of Pakistan (SBP) has imposed another restriction on buying of dollars from open market as it made biometric verification compulsory for all those who would buy $500 or above from open market. On the other hand, the dollar set a new record as the price rose to Rs171 on Wednesday. “The exchange مزید پڑھیں