M. Ali

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The author is a business correspondent based in Islamabad.

Import of edible items rise by 55% in FY21

Despite being an agricultural country, Pakistan's food items imports during the outgoing financial year rose by 55 percent to Rs1,331 billion. The Pakistan Bureau of...

Rs1.6 trillion Kamyab Pakistan Programme to be launched this month

The PTI government will launch Kamyab Pakistan Programme this month and disburse Rs1.6 trillion in the next three years to benefit the underprivileged population...

Rift between FBR chairman and board member

ISLAMABAD: Differences have arisen between Federal Board of Revenue (FBR) chairman Asim Ahmed and the members of the FBR board. The federal government had appointed...

Govt mulls reducing electricity subsidy by Rs86bn

In a bid to accept the International Monetary Fund (IMF) conditions to increase revenue, the government is considering reducing the number of power lifeline...

Pakistan likely to receive $400m from World Bank in August

Pakistan is likely to receive a $400 million loan from the World Bank in August, according to the sources. The Economic Affairs (EAD) Division...

Coronavirus, procedural constraints slowed down process of privatisation: Soomro

Federal Minister for Privatisation Muhammad Mian Soomro has said that the coronavirus pandemic and procedural constraints of regulations have slowed down the process of...

Pakistan raises $1bn through Eurobond

Pakistan on Tuesday successfully raised $1 billion through the Euro bonds launched in March in the international market. Pakistan received $3 billion in offers....

Govt employees to get salaries before Eid

On the direction of Prime Minister Imran Khan, the government employees will get their salaries before Eid. The Ministry of Finance has been mobilised...

IMF, World Bank may lend Pakistan Rs1 billion in August

ISLAMABAD: Pakistan is expected to receive more than one billion rupees from international organisations, the International Monetary Fund and the World Bank, under an...

FBR detects tax evasion worth Rs244 billion, issues 1,688 red alert notices

ISLAMABAD: The Federal Board of Revenue's (FBR) Inland Revenue has extended the scope of investigation against tax evaders and money launderers in order to...

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