Business

Miftah Ismail hints at early exit, says ‘may not have much time’

KARACHI: With country’s economy teetering amid record-high inflation, Minister for Finance Miftah Ismail has hinted at his early exit, saying that although coalition government has 13 months, he may not have that much time. Addressing an event...

Indonesian CG urges joint efforts for promoting bilateral trade with Pakistan

KARACHI: Consul General of Indonesia Dr. June Kuncoro Hadiningrat has expressed desire that bilateral trade with Pakistan should be done to promote by mutual efforts between two countries. Free Trade Agreement between Pakistan and Indonesia will defi...

FBR exempts duties, taxes on import of onion, tomato

ISLAMABAD: Federal Board of Revenue (FBR) has announced exemption from duties and taxes on import of onion and tomato to stabilise prices.  According to FBR spokesperson full exemption has been given in taxes and duties for importing onion and...

Over 23pc surplus witnessed in Pak-US trade: SBP

ISLAMABAD: Pakistan’s goods and services trade with United States (US) witnessed a surplus of 23.21 percent during first month of current financial year (2022-23) as compared to corresponding period of last fiscal year. Trade surplus during per...

Govt restores electricity in majority areas of KP: Khurram Dastagir

PESHAWAR: Federal Minister for Power Khurram Dastagir Khan said that electricity had been restored in almost all flood hit areas of Khyber Pakthunkhwa. At a press conference after presiding over high-level meeting regarding flood damages to electrici...

PM Shehbaz approves solarisation initiative

ISLAMABAD: Prime Minister Shehbaz Sharif decided to focus on solarisation as an alternative to power generation with expensive imported fuel. PM has approved initiative of solarisation to generate electricity from solar energy, which will help Pakist...

IMF relief temporary, time not to beat drums of delight: Saad Rafiq

ISLAMABAD: Railway Minister Khawaja Saad Rafiq said IMF relief is temporary and it is not such that we should beat drums of delight.  “PTI members were busy in sabotaging IMF agreement. India was also doing this job. Party which is control...

Miftah again hints at importing food items from India

ISLAMABAD: Finance Minister Miftah Ismail once again said that government could consider importing food items from India to mitigate fallout of devastating floods. In a tweet he said government has been approached by more than one international agenc...

NEPRA scales down K-Electric power tariff

KARACHI: NEPRA has scaled down power tariff in respect of K Electric by Rs 3.63 per unit. Reduction in tariff has been made under head of Fuel Adjustment Charge (FAC) in respect of July 2022.  Decrease in tariff will not applicable to life line...

SBP says banks not refusing donations for flood victims

KARACHI: State Bank of Pakistan (SBP) clarified that no limits have been placed on accepting donations for CM Relief Fund of Khyber Pakhtunkhwa and Punjab. “It has been noticed that a few complaints have been circulating on social media platfor...

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Defence minister dismisses IAF chief's 'implausible, ill-timed' claims

ISLAMABAD: Defence Minister Khawaja Asif dismissed recent remarks by the Indian Air Force (IAF) chief claiming the destruction of Pakistani jets during Operation Sindoor, calling them "implausible" and "ill-timed." His remarks came hours after IAF Ai...

Islamabad-Washington enters into 'new era' of ties: Field Marshal

WASHINGTON: Chief of Army Staff (COAS) Field Marshal Asim Munir termed his second visit to the United States in just 1.5 months a "new dimension" in ties between Washington and Islamabad. Field Marshal Munir is undertaking an official visit to the Un...

PM congratulates Azerbaijan's Aliyev on peace deal with Armenia

ISLAMABAD: President Ilham Aliyev of Azerbaijan spoke with Prime Minister Shehbaz Sharif yesterday, expressing deep appreciation for Pakistan's steadfast support on the Karabakh issue, Radio Pakistan reported. The prime minister extended warm felicit...

Governor Sindh pays homage to Hazrat Shah Abdul Latif Bhitai's (RA) shrine

KARACHI: Governor Sindh Kamran Khan Tessori visited the shrine of Hazrat Shah Abdul Latif Bhittai (RA) on the second day of the 282nd Urs celebrations, offered Fateha, and laid a floral chadar. He recorded his remarks in the visitors' book and distri...
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