The Board of Public-Private Partnership Authority (P3A) has rejected the consultant’s proposal for a subsidy of Rs. 533 billion for the Karachi Circular Railway (KCR) project for over 30 years, and has instead decided to pay a 40 percent Viability Gap …

The Pakistani Rupee (PKR) is on a persistent losing streak against the US Dollar (USD) and posted losses in the interbank market today. It lost 22 paisas against the greenback after hitting an intra-day high of Rs. 176.25 against the USD during today’s…

The import of COVID vaccines and various relevant medicines to deal with the pandemic has put significant pressure on the country’s trade deficit.Pakistan’s import bill of medicinal products swelled by 475% or 4.75 times to $3.1 billion, mainly due to …

The Khyber Pakhtunkhwa Assembly has passed “Urban Areas Development Authorities, Amendment Bill, 2022”.The session of the Provincial Assembly was held in Peshawar on Tuesday with Deputy Speaker Mahmood Jan in the chair.Meanwhile, addressing a ceremony …

President Dr Arif Alvi has apologized to an aged taxpayer over administrative injustice by the Federal Board of Revenue.The President, in a press release issued on Sunday expressed dismay over the treatment of an 82 years old tax payer by FBR.He direct…

The government has increased the prices of petroleum products in view of the rising oil prices trend in global market.According to the notification issued by the Finance Ministry, the price of petrol has increased by 3.01 rupees per litre, High Speed D…

The Sensitive Price Indicator (SPI) for the week ended 13 January 2022 recorded a decrease of 0.43 percent, stated the Pakistan Bureau of Statistics (PBS).During the week, out of 51 items, prices of 16 (31.37 percent) items increased, nine (17.65 perce…

All Pakistan Sugar Mills Association (PSMA), Islamabad Thursday termed its meetings with the federal and provincial governments as futile as they did not produce any solid outcome in the issues facing the sugar industry.In a statement, a PSMA spokesman…

Regal Automobiles Industries Limited has planned to get listed at Pakistan Stock Exchange (PSX) to generate funds of around Rs. 800 million for setting up set up an assembly line for the manufacturing of electric cars in Pakistan.The company will float…

The Pakistani Rupee (PKR) managed to hold out against the US Dollar (USD) in the interbank market today. It hit an intra-day high of Rs. 176.55 against the latter during today’s open market session.While redundant, it depreciated by 0.01 percent agains…