Ishaq Dar reviews steps to strengthen banking channels for industry
The State Bank governor and finance secretary joined the meeting on financial transactions and operational bottlenecks
Economy
Pakistan’s economy: growth, prices, jobs and the deals behind them.
Pakistan weighs arbitration against Etisalat over $800m PTCL balance
The dispute over the 2005 privatisation has run for 20 years, with 32 of 3,246 properties still to be transferred
Petrol cut by Rs5.45 a litre to Rs369.06, diesel down Rs3.68 to Rs391.52
The new rates apply from Wednesday, a day after the last revision, as the minister had hinted
Minister hints at ‘better news’ on petrol as LPG hits Rs800 a kilo
Ali Pervaiz Malik also promises piped gas at mealtimes this winter, and admits Pakistan never built its storage or LPG chain
SECP bans Ponzi and pyramid schemes, including on apps and social media
New rules target schemes that pay from recruitment instead of real sales, but genuine direct selling stays legal
BYD to start building cars in Pakistan next month, beginning with Sealion 6
Hubco told analysts the Karachi plant will begin with the plug-in hybrid, and BYD sales in Pakistan have passed 10,000
LPG jumps 56% after Iran border shuts, and rickshaw drivers cut meals
A 12kg cylinder has hit Rs7,000 since two crossings closed on October 17, and drivers who run on the ‘fuel of the poor’ say they can no longer get by
Pakistan’s debt nears Rs91tr, but falls as a share of the economy
Public debt rose by Rs6.21 trillion in a year, a senior Finance Ministry official said, while the debt-to-GDP ratio dropped to 71.7 percent and interest payments fell by a fifth.
Fauji Foundation buys nearly 20% of Pearl Continental owner for Rs6.55bn
The foundation paid Rs1,022.42 a share for its stake in Pakistan Services Limited, well above the prices paid in last year’s deals for the hotel group.
Rs1.12 trillion of imports under FATA and PATA tax exemption under scrutiny, Senate panel told, with records found for only a third
Senator Saifullah Abro ordered the FBR and FIA to submit full records and fix responsibility, saying public money would be recovered at all costs.
