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  • Businessmen urge govt to review petrol price hike | The Express Tribune

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    [ad_1] ISLAMABAD: The recent hike in the prices of petroleum products has perturbed the businessmen of Karachi and they have urged the government to review the increase. In a statement on Thursday, SITE Association of Industry President Abdul Rasheed criticised the government for raising prices of petroleum products and requested Prime Minister Imran Khan to…

  • Govt envisages $200b exports by FY25 | The Express Tribune

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    [ad_1] ISLAMABAD: The government has fixed export target of $200 billion by the end of fiscal year 2025, announced Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood. Speaking at a press conference held for the launch of 3rd Textile and Apparel Policy, the adviser said that it was recently approved by the…

  • Govt jacks up petrol price by Rs12.03 per litre

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    [ad_1] — AFP/File ISLAMABAD: In a major development, the federal government jacked up the price of petroleum products by up to Rs12.03, a notification from the Finance Division said   Tuesday. Citing the reason for the increase in the petrol rates, which have for the first time in history moved past Rs150 per litre, the Finance…

  • Govt jacks up petroleum prices by up to Rs12.03 per litre | The Express Tribune

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    [ad_1] ISLAMABAD: The federal government has once again dropped “petrol bomb” on masses by increasing the prices of petroleum products by up to Rs12.03 per litre. With the latest hike, the prices of petroleum products have reached a historic high. New prices will be applicable from Tuesday midnight. The new fuel prices will remain applicable…

  • Govt relaxes housing finance rules | The Express Tribune

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    [ad_1] KARACHI: A vulnerable section of society, belonging to the low-income group, will be able to own a house after the government cut the cost of housing finance, increased subsidy and enhanced the debt repayment period under the low-cost housing schemes. “In view of the feedback received from various stakeholders, the government of Pakistan (GoP)…

  • Govt considers currency hedging | The Express Tribune

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    [ad_1] ISLAMABAD: Finance and Revenue Minister Shaukat Tarin has floated the idea of seeking support of commercial banks and international finance institutions for hedging against risk arising in the wake of rupee depreciation. The proposal came as the government wanted to reduce the foreign exchange risk to foreign-funded projects due to weakening of the rupee…

  • Govt seeks to extend debt programme | The Express Tribune

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    [ad_1] ISLAMABAD: The government has decided to seek the cabinet’s nod for an unlimited extension in its programme to raise debt from global capital markets, as the International Monetary Fund (IMF) has assessed Pakistan’s gross external financing needs at a record $35 billion in the next fiscal year. The Global Medium-Term Note Programme that the…

  • Punjab govt focusing on self reliance | The Express Tribune

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    [ad_1] LAHORE: The government of Punjab is working to increase the indigenous resources for the economic development of the province, said Punjab Finance Minister Makhdoom Hashim Jawan Bakht. In a meeting with the International Monetary Fund (IMF) Country Representative for Pakistan Esther Perez Ruiz on Thursday, he stressed that the provincial leadership was pouring investment…

  • Govt mulls over GIDC recovery | The Express Tribune

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    [ad_1] ISLAMABAD: The government is mulling over recovering billions of rupees in gas infrastructure development cess (GIDC) from the fertiliser industry by making some changes in the new proposed fertiliser policy. Sources told The Express Tribune that Federal Minister for Energy Hammad Azhar had raised the issue of GIDC recovery from the fertiliser manufacturers in…

  • Inflation-hit govt employees get 15% bump in salary | The Express Tribune

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    [ad_1] ISLAMABAD: Acting hours before the employees were poised to stage a protest demonstration, the federal government on Wednesday acceded to increasing their salary packages of grade-1 to grade-19 employees by 15%, but excluded about five-dozen departments that are already availing higher than standard pay packages. The move will marginally reduce disparity between the civil…

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