Category: Economy

File photo The prices of petroleum products are likely to change slightly in the country from June 16. According to industry sources, the price of petrol is likely to decrease by around Rs 2 per litre. Sources say that the price of diesel may be increased by Rs. setTimeout(function(){ !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0];…

Islamabad: The IMF has strongly objected to the government’s proposals in the budget presented for the new financial year. The International Monetary Fund (IMF) says that the government’s budget proposals have missed an opportunity to widen the tax net. IMF representative in Pakistan Esterprez further said that the resources for the Benazir Income Support Program…

The Ministry of Energy has prepared a plan to generate expensive electricity with electricity shortfall in the country. According to sources in the Ministry of Petroleum, wind power plants with a capacity of 1800 megawatts have been shut down due to a possible hurricane, while power generation on LNG has been reduced by 1500 megawatts….

Karachi: Saudi Arabia rejected the whole world and decided to hire Pakistan to promote cricket on its soil. According to well-informed sources, in view of the growing popularity of cricket, the Saudi Crown Prince has invited Onar Nadeem Umar of Quetta Gladiators, a well-known PSL franchise, for a consultation to promote cricket in his country….

Colombo: Sri Lankan army doctors have removed the largest ever stone from the kidney of a 62-year-old retired soldier. According to the Sri Lankan military, the weight of the stone removed from former Sergeant Kenstus Konj was 801 grams, which is five times the weight of an average male kidney. Conge’s kidney stone was 5.26…

Karachi: The vice chancellors of public universities of Sindh province and the chairman of Sindh HEC have strongly condemned Federal Minister Khawaja Asif for calling the vice chancellors ‘robbery’ in the National Assembly and demanded an apology from them. This demand was made by Chairman of Sindh HEC Dr. Tariq Rafi and Vice Chancellor of…

Lahore: Batsman Abid Ali, who took a temporary break from cricket due to a heart problem, joined the PCB camp after a long gap of one and a half years. After a year and a half, opener Abid Ali, who was away from international cricket due to heart trouble, once again entered the PCB camp…

Lahore: Lahore: The Islamic Ideology Council gave conditional permission to women to go on Hajj without Muharram. The Islamic Ideological Council says that according to the jurisprudence of Jafariya, Maliki and Shafi’i, there is scope in the Sharia for a woman to go on Hajj without a Muharram. The spokesperson of the Islamic Ideological Council…

Photo: File The State Bank of Pakistan (SBP) has said that the government has auctioned T-bills worth Rs 2,586 billion. According to the central bank, the government has sold 3-month bills worth 2012 billion rupees in the auction. The cut-off yield for three-month bills remained unchanged at 21.99 percent. SBP said in a statement that…

Moody’s Investors Service has warned that the chances of success of Pakistan’s bailout program with the International Monetary Fund (IMF) have diminished. Talks on a $6.7 billion bailout program between Pakistan and the IMF are ongoing, but according to Moody’s, the program is in trouble. Moody’s analyst Grace Lim said there is a strong possibility…