KARACHI, Pakistan — In an effort to limit runaway inflation, the State Bank of Pakistan (SBP) raised its benchmark policy rate by 150 basis points to 8.75 percent on Friday. The Monetary Policy Committee (MPC) voted to raise the policy rate by 150 basis points to 8.75 percent at itsRead More →
NEW DELHI: India’s Supreme Court ordered authorities to close workplaces in the capital and surrounding areas on Monday, enabling millions of people to work from home as officials look for measures to decrease harmful air pollution that has forced schools to close. It took action after municipal officials in NewRead More →
KARACHI: Shaukat Tarin, the Prime Minister’s Finance Advisor, stated on Sunday that the administration will offer the people “positive news” about the stalled $6 billion IMF programme “soon.” Tarin claimed the IMF wants to announce the contract on its own at a foundation stone laying ceremony for a hospital inRead More →
ISLAMABAD, Pakistan (APP) – According to recent statistics issued by the Pakistan Automobile Manufacturing Association (PAMA), automobile sales increased by 71% during the first four months of the current fiscal year 2021-22 (July-October) compared to the same time previous year. According to the data, 74,952 automobiles were sold during theRead More →
ISLAMABAD – Pakistanis were taken aback on Tuesday when the National Electric Electricity Regulatory Authority (NEPRA) decided to raise the power bill by Rs2.52 as part of the monthly fuel adjustment. Pakistanis were already overburdened by inflation, rising oil prices, and food prices. The hike in electricity tariffs will notRead More →
ISLAMABAD – On Tuesday, the Saudi Fund for Development announced a “generous instruction” to deposit US $3 billion with the State Bank of Pakistan to help the government maintain its foreign currency reserves and deal with the effects of the Corona outbreak. The deposit of US 3 billion dollars wasRead More →
Web Desk – The Federal Board of Revenue (FBR) has advised all taxpayers, old and new, to take advantage of the one-time 15-day extension allowed for submitting income tax returns until October 15, 2021. As a result, they should file their taxes as soon as possible because the deadline isRead More →
Due to a technical issue, the Sui Southern Gas Company Ltd (SSGCL) has suspended gas supply to all CNG stations and industries in Sindh and Balochistan for 72 hours. Domestic and commercial customers, on the other hand, have not seen any interruptions in gas deliveries, according to the sources. AsRead More →
ISLAMABAD, Pakistan – The National Electric Power Regulatory Authority (NEPRA) has hiked the price of energy by Rs1.95 per unit, causing still more inflation. According to a statement released by NEPRA, a fuel charge adjustment of Rs1.95 per unit of electricity has been authorised. In the framework of the AugustRead More →
ISLAMABAD – The Pandora Papers have uncovered further levels of corruption in Nawaz Sharif and Asif Ali Zardari, according to Federal Minister for Information and Broadcasting Chaudhry Fawad Hussain. He said in a tweet that Sharjeel Memon and Ali Dar, Nawaz Sharif’s son-in-law and Ishaq Dar’s son, had no statusRead More →
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