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Business

PM Shehbaz increases govt employees' salaries by 25%

12 Jun 2024

PM Shehbaz increases govt employees' salaries by 25%

The total public debt was recorded at Rs67.53 trillion.

Every Pakistani now owes Rs280,000 in debt

12 Jun 2024

Every Pakistani now owes Rs280,000 in debt

The total public debt was recorded at Rs67.53 trillion.

Budget 2024-25: Govt decides to withdraw tax exemption on over 7000 items

12 Jun 2024

Budget 2024-25: Govt decides to withdraw tax exemption on over 7000 items

Authorities raised the GST rate from 17 per cent to 18 per cent to generate additional revenue

PM Shehbaz-led govt mulls increasing sales tax on cosmetic products

11 Jun 2024

PM Shehbaz-led govt mulls increasing sales tax on cosmetic products

The meeting will approve the decisions taken by the Economic Coordination Committee.

NEC approves Rs3.8tr for five-year development plan

11 Jun 2024

NEC approves Rs3.8tr for five-year development plan

The NEC approved development projects for all four provinces worth Rs2.095 trillion

Pakistan faces crunch in paying loans to Chinese companies

7 Jun 2024

Pakistan faces crunch in paying loans to Chinese companies

Government officials are seeking relaxation from Chinese banks.

Petrol price likely to reach Rs256 per litre ahead of Eid-ul-Adha

7 Jun 2024

Petrol price likely to reach Rs256 per litre ahead of Eid-ul-Adha

The government adjusts the prices of petroleum products every 15 days

Electricity price hiked by massive Rs10 for Karachiites

7 Jun 2024

Electricity price hiked by massive Rs10 for Karachiites

Base tariff increased to Rs44.69 from the previous Rs34 per unit.

Electricity tariff up by Rs3.33 per unit in Pakistan

6 Jun 2024

Electricity tariff up by Rs3.33 per unit in Pakistan

This adjustment comes as part of April's monthly fuel adjustment, according to a notification issued by the authority.

Sacrificial animals prices increased by record 60% this year

6 Jun 2024

Sacrificial animals prices increased by record 60% this year

Asia's biggest cattle market has been set up at Northern Bypass in Karachi.

Govt officials' salaries likely to increase by up to Rs105,000 per month

5 Jun 2024

Govt officials' salaries likely to increase by up to Rs105,000 per month

The federal government will present the fiscal year budget 2024-25 this week.

ADB approves $250 million loan to strengthen public-private partnership in Pakistan

5 Jun 2024

ADB approves $250 million loan to strengthen public-private partnership in Pakistan

ADB’s assistance will support Pakistan’s reforms that will increase the strength of PPP

50% people are unemployed in Pakistan: survey

4 Jun 2024

50% people are unemployed in Pakistan: survey

Only 16 percent Pakistanis are satisfied with the economic condition.

Pakistan's inflation drops to over two-year low of 11.8% in May

3 Jun 2024

Pakistan's inflation drops to over two-year low of 11.8% in May

This is the lowest reading in 30 months and below the finance ministry’s projections.

Only 16% Pakistanis are satisfied with economic condition under PM Shehbaz govt: survey

3 Jun 2024

Only 16% Pakistanis are satisfied with economic condition under PM Shehbaz govt: survey

Over 1,000 people from across the country participated in the survey.

Govt plans electricity tariff subsidy for 200 unit users

31 May 2024

Govt plans electricity tariff subsidy for 200 unit users

PM Shehbaz rejected the recommendation to hike tariffs for protected consumers

LPG price slashed by Rs70 per kg in Pakistan

29 May 2024

LPG price slashed by Rs70 per kg in Pakistan

Chairman of the LPG Distributors Association Irfan Khokhar confirmed the news and said the price of LPG per kg was reduced from Rs250 rupees to Rs180.

Youm-e-Takbeer public holiday costs Pakistan Rs100 billion loss

29 May 2024

Youm-e-Takbeer public holiday costs Pakistan Rs100 billion loss

Public holiday was announced by Prime Minister Shehbaz Sharif.

HEC's budget cut to Rs25bn from Rs65bn

29 May 2024

HEC's budget cut to Rs25bn from Rs65bn

HEC had requested Rs126 billion from the Ministry of Finance.

Petrol price likely to reduce by Rs6.50 per litre from June 1

29 May 2024

Petrol price likely to reduce by Rs6.50 per litre from June 1

The government adjusts the prices of petroleum products every 15 days

Cattle buyers can now pay for their sacrificial animals via QR code in Pakistan

27 May 2024

Cattle buyers can now pay for their sacrificial animals via QR code in Pakistan

The day of Eid-ul-Adha is expected to fall on June 17 in the country.

IMF demands Pakistan to increase gas prices twice a year

25 May 2024

IMF demands Pakistan to increase gas prices twice a year

The government should separate itself from the process of gas tariff implementation: IMF

KP presents Rs1,754b budget24-25; proposes 10pc rise in salaries, pensions

24 May 2024

KP presents Rs1,754b budget24-25; proposes 10pc rise in salaries, pensions

The government has earmarked Rs 362.7 billion for education sector including Rs 35.8billion for higher education and Rs 326.9billion for elementary and secondary education with an increase of 13 percent.

Electricity price for Karachi likely to be hiked by Rs10.69 per unit

24 May 2024

Electricity price for Karachi likely to be hiked by Rs10.69 per unit

Nepra has invited feedback from stakeholders within 7 days

Price of roti reduced to Rs14 in Lahore

23 May 2024

Price of roti reduced to Rs14 in Lahore

The announcement was made by Punjab CM Maryam Nawaz.

Good news as petrol price likely to decrease by another Rs4 per litre

23 May 2024

Good news as petrol price likely to decrease by another Rs4 per litre

The Ministry of Finance will announce the new prices on the night of May 31.

Rs5,000 note likely to be discontinued in Pakistan: reports

23 May 2024

Rs5,000 note likely to be discontinued in Pakistan: reports

Economists said people hide their wealth in their lockers in dollars and Rs5,000 notes.

Khyber Pakhtunkhwa to unveil budget 2024 on May 24 before federal govt

22 May 2024

Khyber Pakhtunkhwa to unveil budget 2024 on May 24 before federal govt

Khyber Pakhtunkhwa Finance Minister Aftab Alam said he will present the budget 2024 on May 24, for which the assembly’s session has been summoned at 3pm.

Gas prices likely to rise ahead of new IMF bailout programme

22 May 2024

Gas prices likely to rise ahead of new IMF bailout programme

The plan given to IMF depicted an increase of Rs100 to Rs400 increase

No changes to solar net metering policy, clarifies Energy Owais Leghari

21 May 2024

No changes to solar net metering policy, clarifies Energy Owais Leghari

On the contrary, he noted a substantial increase in the adoption of solar net metering over the past five to six years, a trend he attributes to the significant reduction in solar panel prices in Pakistan.

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