govt
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Govt, IMF to begin budget talks next week | The Express Tribune
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[ad_1] ISLAMABAD: The federal government’s economic team and the International Monetary Fund (IMF) will begin consultations over the budget for the next fiscal year 2023-24 from next week during which the global lender will be taken into confidence that it will be in accordance with the terms agreed with it. Sources said the Federal Board…
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Govt cuts price of diesel by Rs5, keeps petrol unchanged | The Express Tribune
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[ad_1] ISLAMABAD: Due to fluctuations in global oil prices, the federal government has announced a reduction in the price of high-speed diesel (HSD) by Rs5 per litre effective Monday, May 1, 2023. HSD is commonly used in transport and agriculture sectors, and this decrease in price will have a positive impact on farmers who are…
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Govt to introduce reforms for economic stability, growth: Dar
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[ad_1] Finance Minister Ishaq Dar chairs the meeting of Reforms and Resource Mobilszation Commission at the Finance Division on April 24, 2023.— PID Finance Minister Ishaq Dar said Saturday that the government is determined to introduce reforms in various sectors to put the economy on a positive trajectory and achieve financial stability and growth. The…
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Govt struggles to secure loans from global lenders | The Express Tribune
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[ad_1] ISLAMABAD: The government faced difficulties in obtaining funds from international partners and lenders during first three quarters of the current financial year mainly because of unresolved issues with the International Monetary Fund (IMF), sources said on Friday. According to statistics issued by the Economic Affairs Division, the country received foreign loans worth $7.76 billion…
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Govt borrows Rs599b via T-bills auction | The Express Tribune
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[ad_1] KARACHI: The government on Wednesday raised debt worth Rs599 billion through the sale of treasury bills to commercial banks, which lent funds at a historical high return of almost 22%. The borrowed amount was, however, almost 40% less than the target of Rs1 trillion as banks demanded a higher rate of return on lending…
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Govt goes ahead with petrol subsidy scheme | The Express Tribune
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[ad_1] ISLAMABAD: Contrary to the assurance given to the International Monetary Fund (IMF) of shelving the petrol subsidy scheme, the government has moved a summary for a relief package for motorcyclists and small vehicle owners. In February, Prime Minister Shehbaz Sharif gave go ahead to petrol subsidy to motorcyclists and car owners of up to…
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Govt issues Rs129 billion for development projects under PSDP
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[ad_1] Labourers are busy in construction work of bridge. — APP/File ISLAMABAD: The Ministry of Planning, Development and Special Initiatives has released Rs129 billion for development projects under Public Sector Development Programme (PSDP) for the fourth quarter of the current fiscal year (2022-23). According to a statement issued by the ministry, the Water Resource Division…
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Govt increases petrol price for next fortnight
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[ad_1] An employer of a petrol pump fills the fuel tank of a bike in Karachi, on March 17, 2023. — TheNews ISLAMABAD: The federal government has increased the price of petrol by Rs10 per litre for the next fortnightly review, announced Federal Minister for Finance Ishaq Dar. In a statement, the Finance Division said…
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Govt jacks up petrol price by Rs10 per litre | The Express Tribune
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[ad_1] ISLAMABAD: The federal government has increased the price of petrol by Rs10 and the price of kerosene oil by Rs5.78 “in the wake of increase in petroleum prices in the international market and exchange rate variations.” After this increase, the prices of petrol and kerosene oil have respectively risen to Rs282 per litre and…
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Govt increases profit rate on savings certificates | The Express Tribune
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[ad_1] KARACHI: The government has revised the rate of profit on national saving schemes by upto 4.13% to make the schemes lucrative and mobilise investment from the general public, a local research house reported. The Central Directorate of National Savings (CDNS) has increased the rate of return on Special Savings Certificates (SSC) by 4.13% to…
