Business & Finance

Category: Business

Limited Facility of LCs Extended to Telcos Harming Telecom Sector: IT Minister

January 17, 2023 |

Federal Minister for Information Technology and Telecommunication (MoITT) Syed Amin Ul Haque Tuesday said that the limited facility of Letters of Credit (LCs) is insufficient for the telecom sector as it is causing hurdles in the import of equipment fo…

Read More

Pakistan’s GDP Growth to Slow Down to 2% in FY23: World Bank

January 10, 2023 |

The World Bank has projected the GDP growth rate for Pakistan at 2 percent in the fiscal year 2022-23 (FY23).The Bank in its latest report Global Economic Prospects stated that Pakistan faces challenging economic conditions, including the repercussions…

Read More

Pakistan Business Council voices satisfaction over govt’s economic policies

January 5, 2023 |

Pakistan Business Council has expressed confidence in the economic policies and various energy saving initiatives take by the current government.This was stated by the five-member delegation of Pakistan Business Council which met Prime Minister Shehbaz…

Read More

PTI hoodwinking masses through false economic indicators: Dar

January 4, 2023 |

Finance Minister Ishaq Dar has said PTI’s presentation of selective and misrepresented economic indicators is an attempt to mislead the citizens of Pakistan.Talking to media, along with other federal ministers, in Islamabad on Wednesday, he said the co…

Read More

Finance Minister, MoS Khar discuss country’s political, economic situation

January 4, 2023 |

Minister for Finance and Revenue Senator Mohammad Ishaq Dar held a meeting with Minister of State for Foreign Affairs Hina Rabbani Khar in Islamabad on Wednesday.The Finance Minister and the Minister of State for Foreign Affairs discussed the current p…

Read More

Pakistan, Malaysia vow to strengthen economic, trade ties

January 3, 2023 |

Pakistan and Malaysia have reaffirmed the commitment to further strengthen their historic ties anchored in strong economic and trade cooperation.The understanding came a telephonic conversation between Prime Minister Shehbaz Sharif and Malaysian Prime …

Read More

Dar visits residence of Hidayatullah to condole demise of his father

January 2, 2023 |

Finance Minister Ishaq Dar visited the residence of Chairman of Senate Standing Committee on Housing and Works Senator Hidayatullah and condoled with him the death of his father.On the occasion, fateha was also offered for the departed soul.Source: Rad…

Read More

Finance Minister orders for early settlement of circular debt issue in gas sector

December 29, 2022 |

Finance Minister Ishaq Dar has directed the Committee constituted for the settlement of circular debt in gas sector to finalize their report within three working days to settle the issue of circular debt in gas sector.He was chairing a meeting on refor…

Read More

Pakistan heading in right direction, no risk of default: Dar

December 28, 2022 |

Finance Minister Ishaq Dar has said that Pakistan is heading in the right direction and it will not default despite fake speculations by opposition.Addressing a ceremony in Islamabad on Wednesday, he urged political parties to show some serious attitud…

Read More

Saad directs PR administration to submit proposals to boost revenue of Lahore Dry Port

December 22, 2022 |

Railways Minister Khawaja Saad Rafique has directed the Railways Administration to present recommendations for boosting revenue of Lahore Dry Port.He was chairing a meeting in Lahore on Thursday, during which measures were reviewed for restoration of f…

Read More

NA Speaker calls for enhancing parliamentary interactions, economic cooperation

December 22, 2022 |

National Assembly Speaker Raja Pervez Ashraf says enhancing parliamentary interactions and economic cooperation is vital for the prosperity of people and their well-being.He said this while talking to Ambassador of Belgium Charles Delogne, who called o…

Read More

CDWP approves seven development projects worth Rs115.80b

December 22, 2022 |

The Central Development Working Party has cleared seven development projects worth 115.80 billion rupees.The Meeting of CTWP was held in Islamabad on Thursday under the chairmanship of Minister for Planning Development and Special Initiatives Professor…

Read More