KARACHI : The US Dollar gained 67 paisa in the interbank on Tuesday against Pakistani rupee. The greenback closed at Rs154.37 on second business day of the week compared to previous closing of 153.70. Since start of May, dollar has risen by 1.01 paisa. However, the greenback has lost 14.06 rupees or 8.7 percent […]
Finance Ministry
Federal budget to be presented on June 11: Tarin
ISLAMABAD: Minister for Finance and Revenue Shaukat Tarin has said the impact of PTI government’s prudent economic policies would be witnessed in the upcoming budget. In an interview with a private news channel, he said the federal budget would be presented in the National Assembly on 11th of next month and it would provide relief […]
Special pro-farmers budget to revive agriculture sector: Minister
ISLAMABAD: Minister of State for Information and Broadcasting Farrukh Habib on Monday promised that his government would announce a special relief package for farmers in budget 2021-22 for the development of agriculture sector and in support of farmers in purchase of modern machinery. Talking to a private news channel, he said the special package […]
Tarin says PBS revamped to get proper statistics for better policy interventions
ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin on Sunday said that the Pakistan Bureau of Statistics was revamped in order to make it an independent institution to get proper statistics for better policy interventions. Addressing a virtual press briefing, he said that it was not functioning under the Ministry of Finance. To a […]
Industry seeks govt support for economic growth
LAHORE: The government needs to support the industries like cement and auto that are recovering from last year’s lows as the covid-19 is playing havoc. These industries along with textile can help revive the economy. It is worth mentioning here that the cement sector was badly hit last year amid lockdowns due to covid-19, posting […]
SBP introduces advance calendar of MPC meetings
KARACHI: The State Bank of Pakistan (SBP) has decided to begin announcing a half-yearly schedule of Monetary Policy Committee (MPC) meetings on a rolling basis for making the process of monetary policy formulation more predictable and transparent. In a press statement issued here on Thursday, dates for the next four meetings were also announced by […]
Tarin stresses interest-free loan programme for farmers
ISLAMABAD: Finance Minister Shaukat Tarin has stressed the need to empower farmers by offering them interest-free loans. He expressed these views during a meeting with Special Assistant to the Prime Minister on Food Security, Jamshed Iqbal Cheema regarding farm gate pricing in Islamabad. The meeting reviewed the existing farm gate price mechanism and the […]
Remittances jump to all-time high of $2.8bn in April
The overseas Pakistanis sent record 24.2 billion dollars remittances during the first ten months of the current fiscal year and workers’ remittances rose to an all-time monthly high of $2.8 billion in April 2021, disclosed the State Bank of Pakistan (SBP) in a Tweet on Tuesday . The workers remittances grew 56 percent higher than […]
Rs3.25 hike in POL prices expected today
Rs1.90 hike in price of petrol and Rs3.25 in price of diesel is expected on Monday (today). According to the sources in the Oil and Gas Regulatory Authority, a summary to the Petroleum Division has been sent by the OGRA. Final decision about in the price of the petroleum products will be made by the […]
PM Imran felicitates Dr Sania over listing of Ehsaas programme in WB’s list
ISLAMABAD: Prime Minister Imran Khan has congratulated Special Assistant on Poverty Alleviation Dr Sania Nishtar and her team over the World Bank’s listing of Ehsaas Emergency Cash programme amongst top four social protection interventions globally. READ MORE: WB recognises Ehsaas among top 4 social protection initiatives In a tweet on Sunday, he said this is […]