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Govt issues dollar bonds for expats
The government on Thursday launched five-year dollar-denominated diaspora bonds at an interest rate of 6.75%, which is higher than the price at which Pakistan had issued the last two bonds of same tenor.
Officially called as Pakistan Banao Certificates, the government invited the overseas Pakistanis to invest in three-year paper at 6.25% interest rate and in five-year bonds at 6.75% interest ra... |
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Polio workers performing in extreme weather are heroes: PM
Prime Minister Imran Khan once again hailed polio worker Irfan, whose video trudging through deep snow to immunise children in the country’s northern areas recently went viral, and thousands of other polio workers as heroes who reach out to children with polio vaccines in extreme weather conditions.
The premier took to Twitter on Thursday and said, “Irfan is one of 260,000 heroes who reach out ... |
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Pakistan, Russia agree to coordinate efforts for Afghan peace
Pakistan and Russia on Tuesday agreed to continue coordinating their positions on efforts for peace in Afghanistan.
The understanding was reached during Russian Special Representative on Afghanistan Ambassador Zamir Kabulov’s meetings with Foreign Minister Shah Mehmood Qureshi and Foreign Secretary Tehmina Janjua.
Mr Kabulov was in Islamabad for consultations on regional political situation ... |
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Govt imposes ban on import of furnace oil
After protests by local refineries, the government has notified a complete ban on import of furnace oil, ending an earlier exemption allowed to K-Electric.
The decision was reportedly taken at a recent meeting of the Cabinet Committee on Energy (CCoE), presided over by Prime Minister Imran Khan.
Informed sources said the government had ordered a ban on import of furnace oil last month, but ... |
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As Gulf states give $4b, pressure eases on external account
With the inflow of $2 billion in the past two days, Pakistan has received a total of $4 billion in its foreign currency reserves from friendly Gulf countries – Saudi Arabia and the United Arab Emirates (UAE) – in the past three months.
The deposits, which came under financial packages totalling $6 billion from the two Gulf states aimed at stabilising Pakistan’s dwindling foreign currency reserv... |
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Pakistan announces e-visa facility for 175 nations, visa-on-arrival for 50 countries
The government announced on Friday that it is easing travel restrictions in the hope of reviving tourism by offering visas
on arrival to visitors from 50 countries and electronic visas to
175 nationalities.
The reforms, approved by the cabinet, would open up a new
era for the tourism industry, which was devastated by terrorist
violence after the Sept 11, 2001, attacks in the United States,
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Revenues may drop Rs6.8b as government amends finance bill
The Pakistan Tehreek-e-Insaf (PTI) government has reduced and abolished several taxes to boost economic activities following demands of various sectors, including removal of tax on cash withdrawal from banks in the mini-budget announced on Wednesday.
On the other hand, the government announced increase in the federal excise duty (FED) on imported luxury cars of up to 3000cc from 20% to 25% and ... |
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Mini-budget: PM summons cabinet meeting today
Prime Minister Imran Khan has summoned a special session of the federal cabinet to discuss the upcoming mini-budget on Wednesday (today).
The session is expected to see approval of the supplementary finance bill and Finance Minister Asad Umar will present a draft of the mini-budget to the prime minister during the meeting.
According to sources, the prime minister has also summoned a parliame... |
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Pakistan seeks LNG on credit, reduced price from Qatar
Prime Minister Imran Khan is likely to request the Qatar authorities to provide Liquefied Natural Gas (LNG) worth $4 billion on deferred payment and reduced price to support balance of payment during his two-day official visit to the Arab country.
Pakistan’s annual import bills of LNG is around $4 billion and the premier would ask Doha authorities to extend deferred payment for one year, a gove... |
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Want to work with US for Afghan peace: PM
On the first day of 2018, one of the first things US President Donald Trump did was to tweet about Pakistan. He accused Islamabad for ‘lies and deceit’ in an obvious reference to Pakistan’s anti-terror approach particularly with regard to Afghanistan.
But one of his party’s senators now came up with the description of Pakistan and its efforts to bring peace in Afghanistan may lead to new warmth... |
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