Uncertain about the financial impact of abolishing 150,000 posts and the public funds held in commercial banks, Finance Minister Muhammad Aurangzeb on Tuesday said the rightsizing of the federal government was a structural benchmark set by the International Monetary Fund (IMF) and would be completed before June 30 this year. Speaking at a news conference with MNA Bilal Azhar Kiani and ambassado
With bilateral trade below $1 billion, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is leading an exporters’ delegation to Bangladesh this week to enhance trade relations. The delegation will meet Bangladesh Chief Adviser Dr Muhammad Yunus and Commerce Adviser Sheikh Bashir Uddin. FPCCI President Atif Ikram Sheikh, who will lead more than 35 business people of diverse
Pakistan and South Korea are set to sign a landmark Economic Partnership Agreement (EPA) to double the bilateral trade volume. Commerce Minister Jam Kamal has left for South Korea to sign the EPA with his counterpart in Seoul, marking a new era of economic collaboration between the two countries, according to an official announcement of the commerce ministry on Tuesday. Mr Kamal’s three-day
The National Electric Power Regulatory Authority (Nepra) on Tuesday notified negative fuel cost adjustment (FCA) of 76 paise per unit for ex-Wapda distribution companies (Discos) and 49 paise for consumers of K-Electric in January’s bills. The refunds were approved for Discos’ consumers for November and KE’s users in October. The KE had proposed a 27-paisa per unit refund for October consump
Minister of State for Information Technology and Telecom Shaza Fatima Khawaja held a meeting on Tuesday with a delegation from Starlink to discuss the progress on the licensing of the satellite-based internet service provider. Starlink Services, owned by Elon Musk, is one of the most technologically advanced companies globally among those providing internet via Low Earth Orbit (LEO) satellites.