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Imran Khan strongly lash out against government over massive hike in petroleum prices
29 Jan, 2023
Pakistan Tehreek-e-Insaf (PTI) Chief Imran Khan Sunday bashed the government regarding the latest hike in petroleum products prices. Imran Khan took to his twitter and said that “Total mismanagement of our economy by a corrupt & incompetent imported government has crushed masses & salaried ...
Federal government notifies highest ever single day increase in petroleum prices
29 Jan, 2023
ISLAMABAD – The federal government has jacked up the prices of petrol by Rs35 per litre in wake of the devaluation of the rupee against the dollar. Finance Minister Ishaq Dar announced the increase in a televised address, announcing that the prices of kerosene oil and light diesel oil have ...
Special Court announces verdict in former COAS General Bajwa data leak case by FBR officials
27 Jan, 2023
ISLAMABAD – A special court on Friday granted bail to three Federal Board of Revenue (FBR) officials in the case pertaining to the "illegal and unwarranted" leak of former army chief General (retd) Qamar Javed Bajwa and his family members' tax information. Special Judge Azam Khan directed the ...
Pakistan seeks crucial support from US over IMF bailout package
26 Jan, 2023
ISLAMABAD – The cash-strapped country sought Washington's support in reviving the crucial International Monetary Fund programme. Deputy Assistant Secretary of the US Department of the Treasury for Asia Robert Kaproth called on Federal Minister for Finance Ishaq Dar on Wednesday and Pakistan’s ...
Despite drop in international prices, petroleum prices in Pakistan to witness significant increase in coming days
24 Jan, 2023
The Federal Board of Revenue (FBR) has estimated to collect Rs. 80-90 billion in the remaining period of (2022-23) by imposing a 17 percent sales tax on petroleum products. The decision would be taken by Finance Minister Ishaq Dar to allow the FBR to issue a notification to impose a 17 percent ...
Foreign Airlines mull stopping air cargo export service from Pakistan on non availability of dollars
24 Jan, 2023
The air cargo agents have forewarned the government that all export cargoes by air could come to a halt soon. The Air Cargo Agents Association of Pakistan (ACAAP) said in a statement yesterday that foreign airlines are considering stopping their services for Pakistan after banks stopped remitting ...
Pakistan’s economic crunch worsens as IMF refuses to revive the loan program
24 Jan, 2023
Finance Minister Ishaq Dar has sought Prime Minister Shehbaz Sharif’s assistance after failing to pacify the International Monetary Fund (IMF) for reviving the loan programme, citing sources. Finance Minister Ishaq Dar will attend a crucial meeting with the IMF officials from Qatar via video ...
Cash starved Pakistan offers to sale two LNG power plants worth $1.5 billion
24 Jan, 2023
Federal Finance Minister Ishaq Dar on Monday left on a two-day visit of Qatar for talks aimed at Pakistan’s economic situation and enhancing cooperation in energy sector. Ishaq Dar will host a string of meetings with Qatari officials in Doha and, according to sources, will invite them to invest ...
Important decisions in National Security Committee meeting in Islamabad
2 Jan, 2023
ISLAMABAD – A second meeting of the National Security Committee (NSC) is scheduled to take place today on Monday to discuss key issues related to security. Prime Minister Shehbaz Sharif on Sunday summoned a second session of the National Security Committee (NSC). The meeting will be held at the ...
Finance Minister responds over reports of Pakistan facing default risks
28 Dec, 2022
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 ...
