This image published on March 3, 2022 shows the FBR building. — Facebook/Federal Revenue Council System guided by the government’s vision to modernize tax infrastructure. The new system would eliminate the need for physical visits to the bank. This marks a significant advancement in revenue management. The Federal Board of Revenue (FBR) on Wednesday introduced … Read more
Gold bars are seen at the Austrian gold and silver separation plant “Oegussa” in Vienna, Austria, March 18, 2016. — Reuters To help provide debt relief to low-income countries devastated by climate-related disasters, the International Monetary Fund (IMF) should sell 4% of its gold, study suggests, as climate finance dominates first discussions of the COP29 … Read more
Logo of the National Electric Power Regulatory Authority (Nepra) visible on a wall. — APPLICATION/File Nepra initially asked KE to submit data in May 2024 KE requested an extension and failed to meet the standards. The company says it is in close coordination with Nepra on this issue. ISLAMABAD: The National Electric Power Regulatory Authority … Read more
The International Monetary Fund logo is seen inside the headquarters in Washington, United States, October 9, 2016. — Reuters Potential delay linked to Saudi Arabia conditions on the Reko Diq project. Sources suggest Pakistan has a backup plan if Saudi oil facilities shut down. The IMF mission discusses external financing in the context of economic … Read more
A representative image showing electricity pylons on March 30, 2022. — Reuters Energy sector reforms face economic hurdles: Awais Leghari. The country is still grappling with the consequences of past IPP contracts, he adds. He deplores the financial burden weighing on the system due to net billing system. ISLAMABAD: Energy Minister Awais Ahmad Khan Leghari … Read more
A stockbroker looks at a computer during a trading session at the Pakistan Stock Exchange (PSX) in Karachi, July 31, 2023. — AFP Stocks hit a new all-time high above the 94,200 mark on Thursday amid high expectations of a soft landing for the economy, following reports that the International Monetary Fund (IMF ) would … Read more