The State Bank of Pakistan (SBP), said yesterday that, its foreign exchange reserves had decreased by 179 million U.S. dollars.During the week ending on Jun 2, the total foreign exchange reserves of the Pakistani central bank fell to around 3.9 billio…

The Oil and Gas Regulatory Authority (OGRA), in accordance with the Policy Guidelines of the federal government, has determined the Regasified Liquified Natural Gas (RLNG) prices for Sui gas companies with effect from June 1st, 2023.Compared to offici…

The government of Pakistan has proposed a budget of only Rs. 1.90 billion for the Inter-Provincial Coordination Division in the upcoming FY2023-24 budget.A total of Rs. 8.511 billion had been approved for various ongoing sports projects across the cou…

Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal Tuesday announced that the government had approved GDP growth target of an estimated 3.5 percent for the 2023-24 financial year (FY24).Addressing a press conference after t…

The Federal Board of Revenue (FBR) has issued a strict procedure for the tracking and monitoring of a wide range of import/export cargo, on a real-time basis, including transit cargo, petroleum, oil and lubricants (POL) products exported to Afghanista…

Prime Minister Shehbaz Sharif says public welfare, development and business friendly policies will be the pivot of budget for next fiscal year.He was chairing a high-level meeting in Islamabad on Monday, to consult with the coalition parties for the P…

Economic Coordination Committee at its meeting chaired by Finance Minister Ishaq Dar in Islamabad today accorded approval for issuance of government of Pakistan guarantee amounting to 9500 million for Hyderabad-Sukkur motorway.The ECC approved twelve …

The federal government has faced several challenges in the formulation of the Indicative Budget Ceiling (IBC) of Ministries/Divisions for Public Sector Development Programme (PSDP) 2023-24.Some of the major challenges are given below:Rs. 240 billion l…

Pakistan Customs has launched a crackdown against smuggled cigarettes throughout the country.According to a statement issued by the Federal Board of Revenue (FBR) on Sunday, godowns and stores at multiple locations in different cities have been raided…

Pakistan’s Ambassador to China Moin-ul-Haque says Pakistani and Chinese governments are making joint efforts to bring more Pakistani seafood and agro products through Karakoram Highway to the Chinese market.He stated this while commenting on Pakistan’…