Advisor on Finance Shaukat Fayaz Tarin and Advisor on Commerce Abdul Razzak Dawood called on Prime Minister Imran Khan today (Thursday). Advisor on Finance briefed the Prime Minister on the overall economic situation.The commerce advisor briefed the Pr…
Pakistan Secures Multi-million Dollar Murabaha Financing for Petroleum Imports
Pakistan has arranged $761.5 million in Murabaha financing from the International Islamic Trade Finance Corporation (ITFC) to import petroleum products on deferred payment.The development was announced in a series of tweets by Economics Affairs Divisio…
Pakistan Railway in Negotiation With China for Another Loan Under CPEC
Pakistan Railways on Wednesday revealed that negotiation for a Chinese loan for the ML-I project under the China Pakistan Economic Corridor (CPEC) is in progress and the tentative date for the groundbreaking of package-I of the project would be July 20…
NPMC Expresses Concerns Over Exorbitant Wheat & Sugar Prices in Sindh
The National Price Monitoring Committee (NPMC) has expressed deep concerns over a significant price differential in the key commodities, namely wheat flour and sugar, in different provinces including Sindh.The NPMC meeting was held on Wednesday with Ad…
Pakistan and Bulgaria to Collaborate for Establishing Linkages Between IT Firms
The Embassy of Pakistan in Bulgaria, in collaboration with the Ministry of Information Technology and Telecommunication of Pakistan and the Ministry of Transport, Information Technology and Communications of Bulgaria, organized an Online IT Forum meeti…
These Banks Will Roll Out Collateral-Free Loan Scheme for SMEs
Governor State Bank of Pakistan, Dr. Reza Baqir, announced that banks have shown an overwhelming response to an innovative financing scheme for collateral-free lending to SMEs introduced by the State Bank and supported by the Government of Pakistan.The…
Petroleum Dealers Call Off Their Strike
Petroleum dealers called off their strike after a successful meeting with the Ministry of Energy on increasing the dealer’s margin from 2 percent to 6 percent.The meeting ended with the conclusion that the Ministry of Energy will send a summary contain…
Rupee Strengthens Against the US Dollar for 6th Consecutive Day Closing Below 170
The Pakistani Rupee continued to improve against the dollar and posted strong gains against the USD on Wednesday. PKR gained 57 paisas against the dollar and closed at 169.97, posting a growth of 3.12 percent since crashing to an all-time low in Octobe…