Business

Pakistan receives $1.3 billion tranche from IMF

IMF reaches staff-level agreement with Pakistan for $1.2bn tranche

ISLAMABAD (Kashmir English): The International Monetary Fund (IMF) on Friday announced that it had reached a staff-level agreement with Pakistan for the disbursement of about $1.2 billion tranche under the Extended Fund Facility and Resilience and Sustainability Facility. In a statement, the IMF mission chief Iva Petrova said that a staff-level agreement was reached on

IMF reaches staff-level agreement with Pakistan for $1.2bn tranche Read More »

petrol and diesel prices for August 25

Aramco announces discount on price of high-octane petrol in Pakistan

ISLAMABAD (Kashmir English): Saudi Arabia’s leading energy company, Aramco, has announced a major relief to consumers in Pakistan by significantly reducing the price of high-octane petrol at its petrol pumps. The company has said that the citizens can buy high-octane at a reduced price of Rs 410 per liter, instead of Rs 610 per liter. This

Aramco announces discount on price of high-octane petrol in Pakistan Read More »

Fact Check: Diesel and Petrol price reduced in Pakistan?

Petrol subsidy app in testing phase, says federal government

ISLAMABAD (Kashmir English): The federal government has started preparing an application to provide petrol subsidy, which is currently in the testing phase. On the instructions of the federal government, the Ministry of Information Technology (IT) has developed an Petrol subsidy app to provide petrol subsidy, which is currently in the testing phase. According to sources,

Petrol subsidy app in testing phase, says federal government Read More »

tax

Fact-check: FBR denies introducing new tax break for senior citizens

  ISLAMABAD (Kashmir English): Claims are being made on social media that the Federal Board of Revenue (FBR) has announced a 50% reduction in tax liabilities for citizens aged 60 and above. This claim is inaccurate as no such directive has been issued recently. Tax reduction claim On March 15, an Instagram user claimed that

Fact-check: FBR denies introducing new tax break for senior citizens Read More »

petrol diesel prices

Govt decides to cut development budget to control petrol prices

ISLAMABAD (Kashmir English): The federal government has decided to cut the development budget of the current Fiscal Year 2025-26 by Rs 100 billion to provide relief to people amid the rising petrol prices. According to the sources, the government will not increase the prices of petroleum products; instead, it will manage the financial pressure arising in

Govt decides to cut development budget to control petrol prices Read More »

Scroll to Top