Business News | PSX | News Updates from Pakistan Economy

Overcharging pug in bills, Citizen takes SSGC to consumer court

A citizen in Karachi on Friday moved consumer court against the Sui Southern Gas Company (SSGC) overcharging Passing Un-registered Gas (PUG) in the bills, reported.

July 2, 2021
Published in Business

SECP Disqualifies B4U Group Sponsors For 5 Years; Rs100 Million Fine Imposed

SECP Disqualifies B4U Group Sponsors For 5 Years, Rs 04 billion Fine Imposed

The Securities and Exchange Commission of Pakistan (SECP) has disqualified the sponsors of the B4U Group from becoming a director of any company for a period of five years and has also imposed a penalty…

June 27, 2021
Published in Business

Pakistan gets $4.5bn facility for oil, LNG imports

Pakistan has secured a $4.5 billion worth of three-year trade financing facility from Jeddah-based Islamic Trade Finance Corporation (ITFC) to cover import cost of crude, petroleum products and liquefied natural gas (LNG).

June 25, 2021
Published in Business

Bitcoin slumps in wake of China crackdown

Bitcoin tumbled as much as nine per cent on Monday as recent volatility in the cryptocurrency market showed no signs of dampening down, with market players citing thin liquidity and China's expanding crackdown on Bitcoin…

June 22, 2021
Published in Business

Pakistan-IMF talks over sixth economic review remain inconclusive

Pakistan and the International Monetary Fund (IMF) held inconclusive talks over a sixth review of the $6 billion loan programme.

June 16, 2021
Published in Business

Sindh cabinet okays 20% raise in salaries, Rs25,000 minimum wage

The Sindh cabinet on Tuesday approved the provincial budget for the fiscal year 2021-22 with an overall outlay of Rs1.47 trillion.

June 15, 2021
Published in Business

Over Rs4 per litre hike proposed in fuel prices by Ogra from June16

Oil and Gas Regulatory Authority (Ogra) on Monday proposed a hike in fuel prices by over Rs4 per litre for the next 15 days starting from June 16.

June 14, 2021
Published in Business

Government introduces ‘Meri Gari Scheme’

In a bid to facilitate the masses, the government on Friday introduced ‘Meri Gari Scheme’.

June 12, 2021
Published in Business

Federal cabinet approves Budget 2021-22

The federal cabinet meeting headed by Prime Minister Imran Khan on Friday approved the Budget for 2021-22, giving a nod to a 10 percent increase in salaries and pensions of the government employees, reported.

June 11, 2021
Published in Business

Incentives for manufacturing, construction, other sectors led to economic recovery in FY21: Tarin

Federal Finance Minister Shaukat Tarin unveiled on Thursday the Pakistan Economic Survey 2020-21.

June 10, 2021
Published in Business

Countrywide load shedding increases as energy shortfall crosses 6,000MW

The electricity shortage has intensified across the country as the power shortfall has crossed the 6,000MW.

June 10, 2021
Published in Business

Rupee extends losses against US dollar

The Pakistani rupee depreciated 47 paisas against the United States (US) dollar in the inter-bank currency market on Tuesday.

June 8, 2021
Published in Business

A meeting of the National Economic Council was held under the chair of PM Imran Khan in Islamabad

PM-led NEC sets economic growth rate target at 4.8 pc for FY22

The National Economic Council (NEC) led by Prime Minister Imran Khan set the economic growth rate target at 4.8 per cent for the next fiscal year.

June 7, 2021
Published in Business

ECNEC gives nod to various projects worth over Rs326bn

The Executive Committee of the National Economic Council on Friday gave nod to various projects worth over Rs326 billion.

June 4, 2021
Published in Business

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