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IMF puts more conditions before signing review agreement with Pakistan: Tarin
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin has said that the International Monetary Fund (IMF) has demanded the Pakistan government to fulfil some more conditions prior to the sixth staff-level review agreement under its $6 billion Extended Fund Facility (EFF) programme. –HAMZA HABIB
Pakistan stocks remain bullish; KSE-100 Index gains 806.65 points
KARACHI: The Pakistan stocks rebounded on Tuesday, as the rupee finally managed to recover against the dollar after an entire week of losses coupled with an absence of uncertainty on the political front, dealers said. –JAVED MIRZA
FBR implements rules for Pakistan, Uzbekistan transit trade
KARACHI: The Federal Board of Revenue (FBR) on Tuesday implemented rules for the transit trade between Uzbekistan and Pakistan. –SHAHNAWAZ AKHTER
FBR raises CNG valuation by 84% for charging sales tax
KARACHI: The Federal Board of Revenue (FBR) has increased the valuation of the compressed natural gas (CNG) up to 84 per cent for the collection of sales tax. –SHAHNAWAZ AKHTER
SBP to announce monetary policy on November 19
KARACHI: The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) has decided to issue the next monetary policy statement on November 19, 2021. –SHAHNAWAZ AKHTER
Gas crisis may lead to an unsolvable quandary: official
KARACHI: Gas prices in Pakistan may lead to an unsolvable quandary if the government did not address this issue on time, an official of the Employers Federation of Pakistan (EFP) said on Tuesday. –LATIFUR REHMAN
Sindh governor appreciates foreign participation in industrial expo
KARACHI: Sindh Governor Imran Ismail has appreciated the measures taken by the government to control Covid-19 pandemic, which is evident from the participation of foreign delegations in the 17th International Trade and Industrial Fair, a statement said on Tuesday. –JAVED MIRZA
Local auto industry to manufacture 8 million vehicles by 2026
KARACHI: The local auto industry will produce around eight million vehicles in different categories annually by 2026, an official of the Engineering Development Board (EDB) said on Tuesday. –LATIFUR REHMAN
Engro joins WEF to promote circular economy
KARACHI: Engro Polymer and Chemicals Limited (EPCL) has become the first affiliate member from Pakistan to join the World Economic Forum’s (WEF) Global Plastic Action Partnership (GPAP), a statement said on Tuesday. –LATIFUR REHMAN
Dissemination of fake air quality index against national interest: minister
LAHORE: Dissemination of fake air quality index (AQI) was against the national interest, a government official said. –IQTIDAR GILANI
Rupee recovers 40 paisas against dollar
KARACHI: The rupee continued to recover against the dollar on Tuesday, as it gained 40 paisas; following measures taken by the central bank regarding increase in the average cash reserve requirements to 6 per cent. –SHAHNAWAZ AKHTER
Infinix launches sleek, stunning NOTE 11
LAHORE: Infinix unveiled a new smartphone model NOTE 11 AMLOED Stunner in Pakistan by bringing an end to the wait for the most anticipated AMOLED display smartphone, a statement said. –HASSAN NAQVI
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