Category: Business

Rupee loses significant ground against USD KARACHI: Pakistan’s currency fell sharply on Tuesday, the first day the caretaker government took power at the center, closing…

Near-term external sector issues resolved KARACHI: Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, said the nine-month stand-by arrangement with the International Monetary…

Of rising oil prices and the devaluing rupee KARACHI: There’s an old adage that goes, “Prepare for the worst and hope for the best.” As…

Anatomy of Pakistan’s tax system  Adam Smith (1723-1790) was a Scottish thinker who was called the “father of economics”. His magnum opus, An Inquiry into…

Govt chalks out framework to revive debt-ridden PIA ISLAMABAD: The federal government has drawn up a comprehensive plan to run the debt-ridden Pakistan International Airlines…

Pakistan opens gates for Gulf investment ISLAMABAD: In a major development, Pakistan’s new Special Investment Facilitation Council (SIFC), a hybrid civil-military forum, has approved in…

ECC okays tariff hike for KE ISLAMABAD: The government on Monday approved a hike in electricity prices for Karachi consumers and also amended the National…

ECC okays $3b loan guarantee for N-plant ISLAMABAD: Pakistan on Tuesday approved the issuance of sovereign guarantees worth $3 billion against a Chinese loan for…

Body set up to run affairs of SIFC ISLAMABAD: Prime Minister Shehbaz Sharif approved the creation of a company to handle the administrative affairs of…

Govt allocates millions for agro-based SMEs ISLAMABAD: REFERENCES: In a bid to boost agricultural growth and increase farm income, the government has earmarked Rs 2,953…