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Pakistan's state-owned entities worst in South Asia, witnessing gigantic l
Updated : 2 years, 11 months ago IST
Pakistan's state-owned entities together received over Pakistani Rupees (PKR) 458 billion in public funds to stay afloat as their combined loans and guarantees increased to almost 10 per cent of GDP PKR 5.4 trillion in FY21.
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Pakistan govt borrows PKR 239 billion credit from State Bank of Pakistan:
Updated : 2 years, 11 months ago IST
According to the State Bank of Pakistan Act amended in 2022 on the dictation of the International Monetary Fund (IMF), government borrowing from the central bank is banned.
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After petrol price, Pakistan govt hikes LPG price
Updated : 2 years, 11 months ago IST
According to the notification issued by OGRA, the LPG price was increased to Pakistani Rupees (PKR) 10 per kilogram. The new price of LPG has been fixed at PKR 229, as per the ARY News report.
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Pakistan: Khyber Pakhtunkhwa caretaker govt reaches edge of default amid f
Updated : 2 years, 11 months ago IST
Currently, Khyber Pakhtunkhwa has only PKR 13 billion in its provincial kitty. The Finance Department has refused to give salary and pension for the month of April in advance on account of Eid to government employees.
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Pak Cabinet decides to take up election funds matter in Parliament
Updated : 2 years, 11 months ago IST
The Supreme Court last week directed the federal government to provide PKR 21 billion in funds by April 10 to the ECP, directing the electoral body to present a report on the issue by April 11, The Tribune reported.
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Pakistan: Growers urge Sindh govt to stop smuggling of wheat to Afghanista
Updated : 2 years, 11 months ago IST
They claimed that the highly influential businessmen were paying Pakistani Rupees (PKR) 75,000 to 1,00,000 per vehicle as bribes to district food officials, administration and police to move their wheat-loaded heavy vehicles to Afghanistan.
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Soaring inflation dampens Ramzan's spirits in Pakistan
Updated : 3 years ago IST
Rising food inflation has hit Pakistanis particularly hard this year. Ramzan - the festival of prayer and lavish food preparations has been overshadowed by soaring inflation in the country as the price of fruits has increased from PKR 350 to 400.
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Pakistan circular debt for Chinese Independent Power Producers reaches PKR
Updated : 3 years ago IST
Pakistan's Planning Minister Ahsan Iqbal chaired the meeting and discussed progress on Special Economic Zones, ML-1, KCR and several new development initiatives to be discussed by the Joint Working Groups (JWGs).
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Pakistan: Minority Rights Commission head says property of minorities wort
Updated : 3 years ago IST
Shoaib Sadal told the two-judge bench headed by Justice Ijazul Ahsan that the provincial governments were not cooperating with the Commission with regard to the details of assets.
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Pakistan: Huge output shortfall in cotton crops projected
Updated : 3 years ago IST
This was revealed in a summary of the Ministry of National Food Security and Research (NFSR) which was presented to the Economic Coordination Committee (ECC) of the Cabinet seeking to fix PKR 8,500 per 40kg cotton intervention price (CIP) for the next crop to increase the cotton production b
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Pakistan govt raises petrol price to PKR 272 per litre
Updated : 3 years ago IST
The Finance Division, in its fortnight bulletin, attributed the price hike to the depreciation of the Pakistani rupee against the US dollar and an increase in the prices registered by Platts Singapore, according to Geo News.
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Pakistan releases Toshakhana gifts record for first time
Updated : 3 years ago IST
The record shows, Imran Khan bought a diamond-gold watch worth PKR 85 million, a pair of cufflinks worth PKR 5.67 million, a pen worth PKR 1.5 million and a ring worth PKR 8.7 million. The former premier retained all the gifts by paying around PKR 20 million.
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