Business News
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Petrol, diesel prices to remain unchanged for next fortnight
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[ad_1] Finance Minister Ishaq Dar announces petrol prices during a press conference on December 31, 2022. — YouTube Screengrab via PTVNewsLive Finance Minister Ishaq Dar announced on Saturday that petrol and diesel prices would remain unchanged for the next fortnight…
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Govt to outsource three major airports to international operators
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[ad_1] An airport staffer walks past the entrance of international departures at the Islamabad airport. — Reuters/File Pakistan Friday decided to outsource operations of the Karachi, Islamabad and Lahore airports to international operators in its bid to attract direct foreign…
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President calls for consensus-based nationwide energy conservation strategy
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[ad_1] President Arif Alvi (right) chairs a meeting on energy conservation at the Aiwan-e-Sadar in Islamabad on December 29, 2022. — President’s Secretariat ISLAMABAD: President Arif Alvi Thursday called for launching a consensus-based nationwide electricity, gas, and water conservation strategy…
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Debt servicing pushes SBP’s forex reserves to $5.821bn
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[ad_1] A foreign currency dealer counts US dollars at a shop in Karachi, Pakistan, on May 19, 2022. — AFP The State Bank of Pakistan (SBP)-held foreign exchange reserves fell to an eight-year low of $5.821 billion after decreasing by…
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Pakistan to ‘repay’ external debt on time
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[ad_1] A dealer counts US dollars at a currency exchange shop in Karachi. — AFP/File Pakistan will not default on its international obligations and the federal government will ensure timely external debt payments, Minister of State for Finance and Revenue…
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‘I can prove Pakistan won’t default’: Finmin Ishaq Dar
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[ad_1] Finance Minister Ishaq Dar. — Screengrab Finance Minister Ishaq Dar has once again made it clear that he can prove that Pakistan will not default and despite serious problems the country “will not approach Paris Club – a group…
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Good news for businesses, SBP withdraws import restrictions from January 2
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[ad_1] The State Bank of Pakistan building in Karachi. — AFP/File The State Bank of Pakistan (SBP) Tuesday notified its decision to withdraw the restrictions placed on imports with effect from January 2, 2023to provide a relief for industries and…
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All federal govt’s buildings to switch to solar power by April: PM
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[ad_1] Prime Minister Shehbaz Sharif addresses Solarisation Conference in Islamabad on December 27, 2022. — PID ISLAMABAD: Prime Minister Shehbaz Sharif Tuesday termed solarisation as the “only option for survival”, adding that the centre has devised a plan to immediately…
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Russia to ban oil exports to countries with price cap from February
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[ad_1] Russia’s President Vladimir Putin looks on during a meeting with his Belarus counterpart on the sidelines of an informal summit of the heads of state of the Commonwealth of Independent States (CIS) at the State Russian Museum in Saint…
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Kissan Package 2022: NEPRA notifies Rs3.60 cut in power tariff
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[ad_1] Children bathe in a tube-well to get some relief from scorching hot weather. — APP/File In line with the proposal sent by the federal government in concurrence regarding Kissan Package 2022 announced by Prime Minister Shehbaz Sharif in October, the…
