Okays recovery of Rs17b from consumers, cancels import of 2.1m tons of wheat.
Economy
Opposition parties and general public have expressed anger and resentment over this fresh hike in petroleum prices in Pakistan.
The government has approved the appointment of Muhammad Azfar Ahsan as the new Chairman Board of Investment (BOI). Ahsan is…
Pakistan posts phenomenal growth in textile exports.
APTMA says subsidised energy tariffs provided a big relief to textile sector on account of cost.
APTMA Chairman (South Zone) Asif Inam says huge investment came in textile sector recently, which was not matchable in last 20 years.
Pakistan has paid a whopping $100m in penalties to ADB for its failure in executing various donor-funded projects during last 15 years.
Pakistan paid $5 million in 2020 on account of sovereign and non-sovereign loans penalty and $2.3 million till June 2021.
ADB imposes 0.15% commitment charges on signed projects if executing agencies fail to deliver on implementation.
ISLAMABAD: Amid a strong protest from consumers against 10 per cent increase in power tariff, the National Electric Power Regulatory…
An alarming issue is that the national imports expanded by 64 percent during Jul-Oct 2021 and increased to $25 billion as against to $15.2 billion during Jul-Oct 2020. Thus, in US dollars the imports surged by $10 billion.
Increase led by double-digit rise in prices of non-perishable food items