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Monthly Archives: April, 2020

Saudi Arab, Russia, and the US at Odds Ahead of Talks on Major Cuts

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Saudi Arabia, Russia, and the United States, the world's biggest crude oil producers, remained at odds about how to boost global crude markets battered by the...

Disbursement of Rs.12,000 Each to 12 Million Families

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In the current situation of coronavirus lockdown in the country, the biggest challenge for the government is the provision of relief to the vulnerable community. Prime Minister...

WTO Forecasted an Abrupt Trade Plunge amid Coronavirus

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The World Trade Organization (WTO) predicted that goods trade would reduce abruptly this year due to the global financial crisis amid the novel coronavirus. The WTO forecasted...

Inquiry Report on Sugar and Wheat Crisis

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Special Assistant to the Prime Minister on Information and Broadcasting Dr. Firdous Ashiq Awan said in a press conference after the federal cabinet meeting that Prime...

The Federal Government Proposed to Remove the SBP Governor

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The federal government has proposed to suspend Dr. Reza Baqir from the post of the chairman of the State Bank of Pakistan. Sources told Pak Revenue that...

Pakistan’s Public Debt Increases 21% to Rs.33.4 Trillion

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According to the latest report of the State Bank of Pakistan (SBP), the government has added another nearly Rs. 6 trillion to the debt burden in...

The Ministry of IT Approves 11 Projects worth Rs. 11.5 Billion

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As per the official data, The Ministry of Information Technology and Telecommunication has approved 11 projects worth Rs11.52 billion. The projects include the launch of an optic fiber-based...

The IMF Postponed Approval of Review for $450 Million Loan Tranche

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The International Monetary Fund (IMF) has temporarily suspended the approval of a second analysis of the $6-billion bailout program scheduled for next Friday due to delays...

Builders & Developers to Initiate New Projects worth Rs. 1 Trillion

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Pakistan is projected to see rapid growth in the housing and construction industry as builders and developers are expected to launch around 1,000 new projects worth...

Pakistan’s Foreign Exchange Reserves Plunged by 12% in Three Weeks

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As per the official data released by the Central Bank, Pakistan’s foreign exchange reserves slumped more than 12% or $1.6 billion over just three weeks due...
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