The Pakistani rupee (PKR) started the new week with losses against the US Dollar today after opening trade at 278 in the interbank market.
It was bearish all day and closed in red against the greenback. It also posted massive losses against other ma…
The federal government has shared a plan with the International Monetary Fund (IMF) to reduce federal expenses by Rs. 300 billion, well-informed sources told ProPakistani.
This plan involves several key measures aimed at cutting costs and streamlini…
The Ministry of IT has established a project management unit (PMU) for the DEEP project, with Director General IT Asfandyar Khan temporarily appointed as the Project Director.
In addition to the main PMU at the Ministry of IT, two more units have be…
International investors want Pakistan to remit dividends owed to their shareholders in power plants under the China-Pakistan Economic Corridor (CPEC).
The pending dues for CPEC power projects are around Rs. 550 billion. This was a key issue raised b…
The delay in the procurement of wheat is causing problems for farmers in the cultivation of cotton crop.
Citing sources in the provincial agriculture department, local media reported on Monday that Punjab may miss the cotton cultivation target owing…
Federal Minister for Finance Muhammad Aurangzeb presided over a meeting of the Cabinet Committee on State-Owned Enterprises (CCoSOE) at the Finance Division today.
The committee approved the proposal of the Power Division for the nomination of indep…
The government has decided to increase reliance on withholding taxes in the coming budget (2024-25) to take additional taxation measures of Rs. 1.2 trillion to Rs. 1.3 trillion from 2024-25.
Sources told ProPakistani that the government would increa…
The federal government has decided to start an inquiry against the former Secretary in-charge of National Food Security and Research in connection with the wheat scam.
Sources told ProPakistani that the Establishment Division has forwarded a summary…
One of the top IT exporters of Pakistan, Noman Said, has apprised that the information technology industry has started to show its true potential to be transformational for the economy of Pakistan – and, IT exports to Saudi Arabia are the cornerstone…
Energy Minister Awais Leghari said the federal government had no plans to end solar net-metering next fiscal year.
Addressing reporters at LESCO headquarters, Leghari denied recent reports of quashing solar net-metering, arguing that the scheme stil…
