U.S. dollar bills are seen in this photo taken on February 12, 2018. — Reuters December exports amounted to $2.84 billion, an increase of 0.67% year-on-year. Imports climbed to $5.285 billion, registering an increase of 14% year-on-year. Monthly comparisons showed a 47% increase in the trade deficit. ISLAMABAD: Pakistan’s trade deficit reached $2.44 billion in … Read more
An undated image of the Federal Board of Revenue (FBR) building in Islamabad. – APPLICATION The FBR has recovered Rs 275 billion as of December 31, 2024. 1,326 billion rupees were collected in December, 47 billion rupees short of the target. FBR repaid Rs272 billion in the first six months of CFY. ISLAMABAD: The Federal … Read more
An aerial view of the Reko Diq mine in Balochistan. —Reuters/File Saudi Arabia will acquire 15% of the capital in two phases. A first tranche of $330 million will soon be transferred. Reko Diq has 5.9 billion tonnes of copper-gold ore reserves. ISLAMABAD: The government has approved the sale of 15% stake in the Reko … Read more
A PIA aircraft parked in the shadow of the Nur Khan Technical Complex in Islamabad on February 9, 2023. — X@PIA ISLAMABAD: The government’s semi-annual report on state-owned enterprises (SOEs) has revealed that the accumulated losses of several such entities since 2014 amount to Rs 5.9 trillion, News reported Saturday. The report, aimed at complying … Read more