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Govt to take 5 prior actions before IMF Board meeting: Tarin
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin has said that the International Monetary Fund (IMF) has asked the government of Pakistan to take five prior actions, including amendments in the State Bank Act, before the approval of its Executive Board meeting. –HAMZA HABIB
ECC scraps two wheat import tenders on higher prices
ISLAMABAD: The Economic Coordination Committee of the Cabinet on Monday scrapped two wheat import tenders due to higher prices and asked for a fresh tender. –HAMZA HABIB
Rupee gains 46 paisas against dollar
KARACHI: The rupee gained 46 paisas against the dollar on Monday, amid a highly volatile trading session, dealers said.‑SHAHNAWAZ AKHTER
SBP clarifies inflation target, forecast
KARACHI: The State Bank of Pakistan (SBP) on Monday clarified news reports related to average inflation forecasts. –SHAHNAWAZ AKHTER
K-Electric proposes Rs0.29/kWh hike in consumer tariff
KARACHI: The K-Electric Limited (KEL) has proposed an increase of 29 paisas/kWh in the electricity tariff for its consumers under the fuel charges adjustment (FCA) for October 2021. –JAVED MIRZA
FBR exempts sales tax on Afghan fruits
KARACHI: The Federal Board of Revenue (FBR) on Monday exempted the sales tax on the import of fruits from Afghanistan. –SHAHNAWAZ AKHTER
Power generation up 10.3% during October
KARACHI: Power generation went up 10.3 per cent on a year-on-year basis to reach 15,183MW during October 2021, compared with 13,767MW in October 2020, a research report by Arif Habib Limited showed. –JAVED MIRZA
PSX remains bearish as index shed 744.41 points
KARACHI: Pakistan’s equity market witnessed massive profit-taking on Monday where the index dropped below 46,000 points, dealers said. –JAVED MIRZA
Pakistan, IMF reach staff-level deal
ISLAMABAD: The International Monetary Fund (IMF) has agreed to revive its $6 billion extended fund facility programme to Pakistan after the two sides finally reached a staff-level agreement.–HAMZA HABIB
SBP, FIA discuss measures to fight cyber-attacks, frauds
KARACHI: State Bank of Pakistan Governor Dr Reza Baqir chaired a meeting with FIA Director General Sanaullah Abbasi to strengthen and coordinate efforts of the SBP, banks and Federal Investigation Agency (FIA) to fight money laundering, cyber-attacks and online frauds. – SHAHNAWAZ AKHTER
Supernet gets Rs100 million projects
KARACHI: Supernet Limited has been awarded three equipment supply projects consisting of equipment and services of satellite communications and telecommunications, a statement said on Monday. –LATIFUR REHMAN
Balochistan’s development govt’s top priority
ISLAMABAD: The federal government is committed to providing maximum share from the federal pool to Balochistan for its speedy development and bringing it at par with other provinces, a senior official said on Monday. –HAMZA HABIB
Karot Hydropower Station starts impounding water
BEIJING: The Karot Hydropower Station, the first hydropower project under the China-Pakistan Economic Corridor (CPEC) closed the gates of its diversion tunnels after six years of construction, and officially started reservoir impoundment. That’s the accumulation of water in its reservoir for future use. –APP
Pakistani project ‘Digital Dera’ comes into play
ISLAMABAD: China’s digital farming and smart agriculture practices are going to be a shot in the arm of Pakistan’s agriculture growth with inspiration from Chinese agro-based innovative technologies and techniques. ‑APP
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