Pakistan has lost around Rs. 100 billion due to the total blackout across the country on Monday as the government failed to restore power supply to factories. Former chairman Karachi Chamber of Commerce and Industry (KCCI) Muhammad Idrees told a national daily that Pakistan has recorded an ...

Federal Finance Minister Ishaq Dar has ruled out any risk of default facing Pakistan, saying “some people” for their vested interests are hurting the country’s economy. Addressing a Karachi Stock Exchange ceremony through Zoom on Wednesday, Ishaq Dar said people were being ...

President Dr Arif Alvi on Monday dismissed reports in local media claiming that former Chief of Army Staff (COAS) General (retd.) Qamar Javed Bajwa helped Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan in Senate and last general elections. A statement issued by the official handle of The ...

The Federal Investiga­tion Agency (FIA) has launched a massive crackdown on currency smugglers on the directives of FIA director general. The FIA Corporate Crime Circle Lahore under the supervision of Director FIA Lahore Zone launched a major crackdown against illegal currency business, hoarding ...

The mighty US dollar marched ahead eroding more value of Pakistani rupee in the interbank market on Thursday. The cornered local currency lost another 10 paisas to the greenback and was currently being traded at Rs225.50, the forex dealers said. On Wednesday, the US dollar concluded the ...

The Federal Board of Revenue (FBR) on Thursday warned that a stern action would be taken against those who had not filed income tax returns by December 15. According to the FBR sources, work was initiated to suspend the mobile phone numbers and utility connections of the non-filers. “Those ...

ISLAMABAD – In another bid to conserve energy, the Pakistan government has decided to shut markets, and restaurants across the country at 8 pm, while wedding halls will be allowed to continue functions till 10 pm. Defense Minister and PML-N stalwart Khawaja Asif makes the announcement as the ...

The State Bank of Pakistan (SBP) has cleared 30,000 pending cases of letters of credit (LCs) and others will be cleared after consultation with the Ministry of Commerce. SBP Governor Jameel Ahmed told the National Assembly’s Standing Committee on Finance that all confirmed LCs have been ...

LAHORE – Ousted Pakistani premier Imran Khan on Saturday announced that his legal team has filed a defamation case against a leading news channel, its prime-time show host, and UAE-based dubious figure Umar Farooq Zahoor for leveling corruption allegations. In a social media post, the defiant ...

ISLAMABAD – Prime Minister Shehbaz Sharif and American business magnate and Microsoft co-founder Bill Gates had a telephone conversation on Tuesday. In a tweet, PM said he discussed the ongoing public health and social sector programmes supported by BMGF in South Asian country. Shehbaz also ...