OGRA proposes Rs14 per litre hike in petrol prices

OGRA proposes Rs14 per litre hike in petrol prices

The Oil and Gas Regulatory Authority (OGRA) has proposed to the government an increase of Rs14.37 per litre in the price of petroleum from the start of the next month, sources told Geo News on Monday. In a summary moved by OGRA, the regulatory body has recommended an increase of...

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AC defers its verdict on Babar Awan’s acquittal plea in Nandipur case

AC defers its verdict on Babar Awan’s acquittal plea in Nandipur case

An accountability court (AC) on Tuesday once again deferred the announcement of its reserved verdict on acquittal plea filed by former law minister Dr Babar Awan in Nandipur Power Project reference. The court on Friday had reserved its verdict and was set to announce it today (April 30). As soon as...

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IMF delegation visiting Pakistan today

IMF delegation visiting Pakistan today

A delegation of the International Monetary Fund (IMF) will arrive in Pakistan today to continue technical discussions for an IMF-supported programme. According to adviser and spokesman for the Ministry of Finance, Dr Khaqan Najeeb, the IMF team will meet officials of the ministry, the Federal Board of Revenue and the...

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World Bank pledges to further strengthen cooperation with Pakistan

World Bank pledges to further strengthen cooperation with Pakistan

The World Bank on Friday pledged to further strengthen cooperation with Pakistan, in a meeting between Prime Minister Imran Khan and the lender’s top official on the sidelines of the second Belt and Road Forum in Beijing, China. World Bank chief executive officer Kristalina Georgieva assured of further strengthening cooperation...

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Pakistan’s revenue black hole widens to Rs5 trillion

Pakistan’s revenue black hole widens to Rs5 trillion

Pakistan’s revenue black hole, which three years ago was Rs3.3 trillion, has further widened to Rs5 trillion or 26 percent (pc) of the size of its economy, according to a new document that the World Bank has prepared to approve a $400 million loan for tax reforms. The project information...

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IMF folds package with more stringent conditions

IMF folds package with more stringent conditions

The IMF has folded its bailout package with more stringent conditions as Islamabad have been conveyed to ensure guarantee from China that it will get rollover of $5 to $7 billion debt on account of deposits and commercial loans in order to meet its financing requirements during the programme period....

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Qureshi wishes to strengthen economic ties between Pakistan, Japan

Qureshi wishes to strengthen economic ties between Pakistan, Japan

Foreign Minister Shah Mehmood Qureshi on Tuesday called for further strengthening of economic ties between Pakistan and Japan, media sources reported. This he said while talking to Japanese Ambassador Kuninori Matsuda, who called on him in Islamabad, here today. Calling Japan a basic economic partner of Pakistan, Qureshi said Japan...

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Here’s how Twitter’s CEO Jack Dorsey took only a few cents home in 2018

Here’s how Twitter’s CEO Jack Dorsey took only a few cents home in 2018

According to media sources, Twitter’s co-founder Jack Dorsey received his first salary since returning to the role of chief executive officer four years ago: 140 cents. The conspicuously modest sum, disclosed on Monday in a regulatory filing, equals the original character limit for tweets on the company’s social network, a restriction the...

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Who will replace Asad Umar?

Who will replace Asad Umar?

According to sources, consultation is ongoing at the Prime Minister House to decide on the name who will take charge as the new Finance Minister of Pakistan. The names which are reportedly under consideration as per sources, are: erstwhile finance ministers – Shaukat Tareen, Hafeez Shaikh – former governors of...

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China’s economy boost: First quarter growth tops expectations at 6.4%

China’s economy boost: First quarter growth tops expectations at 6.4%

According to media reports, China’s economy grew slightly faster than expected in the three months to March, official figures released Wednesday showed. The economy expanded at 6.4% in the first quarter from a year earlier, ahead of a Reuters forecast of 6.3%. Beijing has taken steps to boost its slowing...

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