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BUSINESS
IMF Detects Flaws in Budget Making Process of Pakistan
ISLAMABAD (Newsman): The International Monetary Fund (IMF) has found big faults in the budget-making practices in Pakistan, explaining that significant modifications are seen in the volume and composition of spending as against the actual…
ADB Signs $ 500 million Loan for Climate, Disaster Risk Reduction
ADB, Secretary EAD sign $ 500 million Loan for Climate, Disaster Risk Reduction Loan.
Shareholders Invest $10m in TMB, Easypaisa
Easypaisa in process of launching its digital retail banking operations in Pakistan, after getting its regulatory approvals.
CCP approves 50% acquisition of Total Parco by Gunvor Group, signalling growth in Pakistan’s fuel…
ISLAMABAD, (Newsman): The Competition Commission of Pakistan (CCP) has granted approval for the acquisition of 50 percent shareholding in M/s. Total Parco Pakistan Limited (TPPL) by M/s. Aquashore SA, a company operating under Switzerland’s…
Minister Blames FBR and Predecessor for Failure of PIA Privatization
The Federal Minister for Privatization Abdul Aleem Khan has blamed the failure of privatization of Pakistan International Airlines (PIA) the Federal Board of Revenue (FBR) and former administration of Privatization Commission.
ADB Project Aims to Reduce Emissions
Islamabad: The Asian Development Bank (ADB) said on Sunday that it has begun efforts to lower greenhouse gas emissions in Pakistan, starting with a pilot study to improve water productivity in the districts of Sheikhupura and Okara in…
Pakistan Telecom, IT Exports Hit $330 Million in October
Islamabad, (Newsman): Pakistan’s exports in the telecommunications, computer, and information services sector saw a significant rise of 38.66% in October, reaching $330 million compared to $238 million during the same month last year.
IT…
October 2024: Pakistan’s Current Account Surplus Hits $349 Million
Karachi: According to figures issued on Monday by the State Bank of Pakistan (SBP), Pakistan's current account reported a third consecutive month's surplus of $349 million in October 2024, as opposed to a loss of $287 million in the same…
Pakistan’s Food Export Grew by Whooping 22%
Pakistan’s food export sector saw a significant 22% growth in the first four months of the fiscal year, reaching $2.36 billion.
FBR restricts functions of customs Intelligence
The role and functions of Directorate General of Intelligence and Investigation (Customs) was curtailed to intelligence gathering, collection of information regarding evasion of duties or taxes and exercise powers of Anti Money Laundering…