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Steel industry smells a rat in govt's new DRI policy

Pakistan, Dec. 7 -- The local steel industry has raised concerns over the proposed incentives being introduced by the government for the promotion of Directly Reduced Iron (DRI) technology in the coun... Read More


ADB approves $1.3bn loan for Pakistan

Pakistan, Dec. 7 -- The Asian Development Bank (ADB) on Friday approved $1 billion in immediate budget support to Pakistan to "shore up the country's public finances and help strengthen a slowing econ... Read More


Petitioners against FBR withdraw cases after agreement

Pakistan, Dec. 7 -- The Federal Board of Revenue (FBR) on Friday issued a photograph of the letter submitted to the Sindh High Court (SHC) by multiple banking and financial institutions, seeking withd... Read More


FATF to conduct preliminary review of Pakistan action plans tomorrow

Pakistan, Dec. 7 -- The Financial Action Task Force (FATF) would conduct the preliminary review of Pakistan's action plan tomorrow (Saturday). As per media reports, Pakistan has already submitted to ... Read More


Moody's upgrades NBP's outlook to Stable, affirms ratings

Pakistan, Dec. 7 -- Moody's Investors Service ("Moody's") has today affirmed the B3 long-term local currency deposit ratings of National Bank of Pakistan (NBP) and upgraded the outlook from negative t... Read More


PM distributes cheques under 'Kamyab Jawan Programme'

Pakistan, Dec. 7 -- Prime Minister Imran Khan on Friday distributed cheques amongst the successful applicants under the 'Kamyab Jawan Programme' in Islamabad. Addressing the cheque distribution cerem... Read More


Govt notifies up to 26-paisa per unit hike in power tariff

Pakistan, Dec. 7 -- The government has notified up to 26-paisa per unit increase in power price, which, in turn, will add approximately Rs14 billion heavy burden on the power consumers. Earlier, the ... Read More


KSE-100 closes in green amid volatile activity

Pakistan, Dec. 7 -- The Pakistan Stock Exchange (PSX) ended an indecisive trading session on Friday with slight gains, as the indices swung both ways in search of a clear direction before closing in t... Read More


FBR releases refunds worth Rs5.5bn under automated system

Pakistan, Dec. 5 -- Federal Board of Revenue (FBR) Chairman Shabbar Zaidi said on Wednesday that the revenue board has released refunds worth Rs5.5 billion under its fully automated system. Taking to... Read More


CPI inflation at a nine-year high, IMF predicts further hike

Pakistan, Dec. 5 -- Inflation has risen to 12.7 per cent year on year due to an increase in prices of food items according to the Pakistan Bureau of Statistics (PBS), which is the highest in nine year... Read More