ISLAMABAD – The Pakistani government has sought industrial experts' opinion on oil import from Russia. The move to procure oil from Russia at a cheaper rate comes at a time when the country is suffering from a very acute financial crisis and the IMF is reluctant to approve the next ...

ISLAMABAD – The National Assembly on Wednesday passed the Finance Bill 2022-23 in the absence of the Opposition. The bill will bring the government closer to fulfilling the International Monetary Fund’s (IMF) requirement for the revival of the much-needed loan programme. The ...

ISLAMABAD – The National Assembly on Wednesday approved imposing a petroleum levy of Rs50 during the budget session. The lower house approved amending the Petroleum Products (Petroleum Levy) Ordinance, 1961. The finance minister, while speaking on the floor of the lower house, said that the ...

ISLAMABAD – Taking a U-turn on their earlier announcement, the coalition government led by the Pakistan Muslim League-Nawaz (PML-N) revised down the tax exemption limit for salaried class from Rs1.2 million per year to Rs600,000 per year. As per the proposed upward slab, people earning ...

ISLAMABAD – The country's central bank has received an amount of $2.3 billion as loan from China, Finance Minister Miftah Ismail announced on Friday. Miftah took to Twitter to announce the receipt that is "increasing our foreign exchange ...