Express
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Dar assures PIA of maximum support | The Express Tribune
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[ad_1] ISLAMABAD: Finance Minister Ishaq Dar on Saturday assured the Pakistan International Airlines (PIA) of maximum support for the improvement of its services, aiming to transform it into a profit-oriented entity for the country. PIA Chief Executive Officer (CEO) Air Vice Marshal Muhammad Amir Hayat called on the finance minister and discussed matters related to…
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‘Economy needs political stability’ | The Express Tribune
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[ad_1] ISLAMABAD: Senator Irfanul Haque Siddique has said that economic stability was among the challenges faced by Pakistan which required political steadiness and continuation of economic policies. During a discussion with leaders of Pakistani community at Pakistan Embassy, Washington DC, the PML-N stalwart and senator maintained that unreliability and disruption in the policies could prove…
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India’s forex reserves top $600bn, rise to near 15-month high | The Express Tribune
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[ad_1] MUMBAI: India’s foreign exchange reserves rose for a third straight week and stood at $609.02 billion as of July 14, the highest in nearly 15 months, the Reserve Bank of India’s (RBI) data showed on Friday. The reserves rose by $12.74 billion from the week earlier, the biggest gain in four months. Reserves had…
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Rs15 radio fee may be added to electricity bills | The Express Tribune
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[ad_1] ISLAMABAD: Amidst the ever-increasing inflation and soaring power and gas rates, the government has decided to impose an additional burden on the masses by levying an extra Rs15 as a radio fee on their monthly electricity bills. The revelation came to light during a meeting of the Senate Standing Committee on Finance and Revenue,…
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China agrees to reschedule $2 billion debt | The Express Tribune
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[ad_1] ISLAMABAD: China has agreed to reschedule over $2 billion publicly guaranteed debt of Pakistan for a period of two years, providing a major relief to the government that is in the process of rebuilding foreign exchange reserves through fresh loans and rolling over maturing debt. The Economic Coordination Committee (ECC) of the Cabinet on…
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Rupee-dollar parity projected to remain volatile | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund’s latest assumptions suggest that the average exchange rate could be around Rs305 to a dollar at the end of the current fiscal year, which is higher than the rate quoted by the government to prepare the budget for the ongoing year. Neither has the IMF given the exchange rate…
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Rs16.8b PM’s Laptop Scheme okayed | The Express Tribune
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[ad_1] ISLAMABAD: The government on Wednesday approved Rs822 billion worth of mega projects, including the Prime Minister’s Laptop Scheme and a new motorway in Punjab. Federal Minister of Finance Ishaq Dar chaired a meeting of the Executive Committee of the National Economic Council (Ecnec) that took those decisions, including green-lighting the Rs377 billion agricultural tube…
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CDWP okays 10 projects worth Rs1.07tr | The Express Tribune
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[ad_1] ISLAMABAD: Minister for Planning Ahsan Iqbal on Tuesday chaired a meeting of the Central Development Working Party (CDWP) that approved 10 development projects worth Rs1,073.41 billion. Of these projects, three worth Rs9.41 billion had been approved by the CDWP, while the forum also recommended seven projects worth Rs1,064 billion to the Executive Committee of…
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IMF spells out stringent conditions for $3b breather | The Express Tribune
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[ad_1] ISLAMABAD: The International Monetary Fund (IMF) has slapped a stringent condition on Pakistan to stop its intervention in the exchange rate market and also said that the risks to the new $3 billion programme implementation were “exceptionally high”. The global lender on Tuesday released its staff report on the $3 billion Stand-by Arrangement (SBA)…
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Government takes decisive action against illegal loan apps | The Express Tribune
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[ad_1] KARACHI: In a bold move to tackle the proliferation of illegal loan applications and safeguard consumers from fraudulent practices, the Federal Minister for Information Technology (MoIT) has launched a comprehensive crackdown, instructing the Pakistan Telecommunication Authority (PTA) and the Securities and Exchange Commission of Pakistan (SECP) to take swift and stringent action against unregistered…
