ISLAMABAD – Pakistani delegation on Monday left for Moscow to negotiate a potential oil deal with Russian authorities. Reports in local media suggest Minister of State for Petroleum Musadik Malik and the petroleum secretary have embarked on Russia's visit to hold discussions on oil and gas, a ...

ISLAMABAD – Finance Minister Ishaq Dar has categorically rejected rumours that the country would be unable to make payment of $1 billion against Sukuk bonds which will mature in next month (December). In a televised address, Dar stated that Pakistan will not default and will meet its upcoming ...

The money market remained lackluster on Thursday also as the US dollar saw some ups and downs against the Pakistani rupee in the interbank trading. According to the forex dealers, the greenback shed a few paisas in the morning trading but towards the end of the day, it rebounded and ended with a ...

PTI Chairman and former prime minister Imran Khan said he wants to mend relations with the US despite accusing it of treating Pakistan as a “slave”, signalling a desire to work with Washington after claiming it conspired to remove him as prime minister a few months ago. In an interview with ...

The board of directors of the National Bank of Pakistan (NBP) has said that the economic outlook of the country will be shaped largely by the restoration of political stability. The NBP — the government-owned commercial bank — in its outlook said that amid the devastating floods, policy ...

Federal Board of Revenue (FBR) Chairman Asim Ahmad Wednesday decided to convene a special Chief Commissioners’ conference and Chief Collector conference of tax offices located in Sindh to devise a strategy for the second quarter (2022-23) to overcome the revenue shortfall of Rs. 21 billion in ...

The federal government has deprived the citizens of the relief in the petrol price by not passing the slump in global rates to the users, instead using it to increase the levy on petrol by Rs2.74 to Rs50 per litre. It is to be noted here that the federal government has the power to levy a maximum ...

Pakistan will ask international lenders for billions of dollars worth of new loans to rebuild the country after calamitous floods uprooted 33mn people and pushed its cash-strapped economy even closer to insolvency, reported Financial Times link. Prime Minister Shehbaz Sharif said Islamabad was ...

Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar has called for greater policy support from the International Monetary Fund (IMF) and multilateral donors in the backdrop of the climate-induced catastrophe and losses suffered by the country. The minister was addressing a meeting ...

Pakistan's new Finance Minister Ishaq Dar has said he will seek rescheduling of some $27 billion worth of non-Paris Club debt largely owed to China, but will not pursue haircuts as part of any restructuring. In an interview with the British news agency, Ishaq Dar ruled out the possibility of a ...