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Pakistan gets Saudis’ ‘green signal’ for $2b funding
ISLAMABAD: Pakistan has received the nod for funding to the tune of $2 billion from Saudi Arabia, finance ministry sources on…
Centre spends ‘Rs710b’ on devolved ministries
ISLAMABAD:Amid severe fiscal constraints, the federal government is still spending over Rs710 billion every year by retaining 17…
Rs6 hike for KE consumers likely
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Monday reserved its decision on the government’s request to…
Utility MD accused of hiding Rs620m assets
ISLAMABAD: The managing director of Sui Southern Gas Company (SSGC) is facing allegations of concealing assets and tampering with…
Analysts see 100-200 bps hike in policy rate
KARACHI: Pakistan’s central bank is expected to jack up the benchmark policy rate in the range of 100 to 200 basis points (bps) at…
ICT exports to help in redemption from crisis
KARACHI: Pakistan is facing its worst economic challenges in recent memory. The foreign exchange reserves held by the State Bank…
Pakistan’s oily disposition
ISLAMABAD: Only last year when everyone was worried about the current account deficit, the Policy Research Institute of Market…
Who cares about the economy in this political tug of war?
KARACHI: The dollar rate is now a religious hymn, with everyone from rags to riches quoting it. A country’s currency is one of the…
Why don’t people pay taxes?
ISLAMABAD: Taxes are levied through law and every citizen of the country is supposed to be a law-abiding citizen. However,…
Politicians advised to mend fences to prevent economic meltdown
KARACHI: Pakistan's economy has partially shut down and millions of people have lost jobs due to continuous political instability.…