Reuters: ISLAMABAD Pakistan’s petroleum minister said on Monday that the South Asian nation’s first government-to-government purchase of discounted Russian oil was paid for in Chinese currency, marking a major change in its export payment policy, which had previously been dominated by the U.S. dollar. Discounted crude provides relief as PakistanRead More →
ISLAMABAD (APP) – Approximately 12 multinational businesses have shown a strong interest to the parliament in the outsourcing-bidding process for airport facilities, which is anticipated to begin in July, according to Minister for Finance and Revenue Senator Mohammad Ishaq Dar on Saturday. Speaking at the post-budget news conference, he saidRead More →
ISLAMABAD : The 2023–24 budget, according to Finance Minister Ishaq Dar, focused on economic development and was thus distinct from other budgets. In answer to a question during the post-budget news conference in the nation’s capital, Dar said that the government was developing a “Plan B” in the event thatRead More →
LAHORE (Wed Desk) – The State Bank of Pakistan declared that the Rs 75 commemorative bank note released on Pakistan’s 75th Independence Day was lawful cash. The bank stated that the note will be utilised as a means of exchange for all transactions in Pakistan. On Pakistan’s 75th Independence Day,Read More →
Based on foreign areas and destinations, the government has established new federal excise tax (FED) rates for first class, business class, and club class airline tickets. On Monday, the government presented the Finance Supplemental Bill 2023 revisions.For FED, new slabsThe FED would be applicable on club, business, and first-class flightRead More →
ISLAMABAD (Web desk) – According to figures from the Pakistan Telecommunication Authority (PTI), the telecom industry in Pakistan produced record earnings of Rs 694 billion during the fiscal year 2021–22 as opposed to Rs 651 billion during the same period in 2020–21. The authority claims that the past quarter’s growthRead More →
The Higher Education Commission (HEC) of Pakistan created the National Innovation Award as a part of the Prime Minister Youth Program. The award seeks to provide funding to Pakistani youth so they may turn their ideas into profitable enterprises. The initiative seeks to encourage young people’s entrepreneurship and creativity whileRead More →
According to the Pakistan Bureau of Statistics, the Consumer Price Index (CPI), which measures inflation on a year-over-year (YoY) basis, increased to 24.5 percent in December 2022. (PBS). According to the statistics, inflation increased from 0.8% in November 2022 to 0.5% in December 2022 on a month-over-month (MoM) basis. AccordingRead More →
China has reaffirmed its commitment to working with Pakistan to boost overall strategic cooperation and hasten the development of a stronger community with a shared future for the two nations in the new era. At the Awarding Ceremony for Outstanding Pakistani Staff of the CPEC Projects 2022 in Islamabad, China’sRead More →
According to the Federal Bureau of Statistics, the price of a 20 kg flour bag climbed by Rs. 720 in a week.Residents of Islamabad have been struck the hardest by the spike in wheat prices, and are now obliged to buy the most costly flour in the country. A 20Read More →
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