Business

Rightsizing Policy; govt scraps 6,770 posts from Grade 1 to 22

Under its rightsizing policy, the government has removed 6,770 positions across federal ministries, departments, and divisions, as reported on Thursday....

Saudi firm to buy stake in Reko Diq, says kingdom’s investment minister

On Thursday, Saudi Minister for Investment Sheikh Khalid Bin Abdul Aziz Al Faleh announced that Manara Minerals, a Saudi company,...

Govt to terminate contracts with five IPPs in initial phase: PM Shehbaz

Pakistan’s largest private utility, Hub Power Company Ltd, announced on Thursday the early termination of its agreement for the government...

Pakistan scores more financing assurances from China, UAE, Saudi

Pakistan has secured “significant financing assurances” from China, Saudi Arabia, and the UAE in connection with its new IMF program,...

FM Aurangzeb urges reforms to avoid IMF in future

Federal Minister for Finance and Revenue Muhammad Aurangzeb stated on Thursday that fundamental economic reforms are essential to ensure...

FBR rules out mini-budget, aims to meet revenue targets despite challenges

The Federal Board of Revenue (FBR) on Wednesday confirmed that there are no plans for a mini-budget, expressing confidence in...

PM Shehbaz confirms IMF deal in final stages

Prime Minister Shehbaz Sharif is all set to meet the chiefs of the International Monetary Fund and the World Bank...

Govt urges ban on non-standard axles

To protect the country’s road infrastructure, the federal government has urged provinces to develop comprehensive plans aimed at banning non-standard...