WB diverts $615m for flood-relief work
ISLAMABAD: The World Bank has diverted $615 million from ongoing slow moving projects towards rehabilitation and reconstruction of the flood-affected areas, which Pakistan was unable to use due to multiple…
Remittances drop to 31-month low at $2.04b
SBP says inflows stood at $2.10b in Nov; major reduction comes from UAE KARACHI: The inflows of workers’ remittances sent home by overseas Pakistanis have continued to slow down, plunging…
Food inflation reaches 31.75% YoY
Inflation measured by SPI reached 31.75% on a year-on-year basis in the week ending on January 12 ISLAMABAD: The trend of the rising prices carried on in the week that…
Centre takes over Rs50b K-P funds
Diverts 20% funds towards lawmakers’ schemes to bypass provincial govt ISLAMABAD: In a bid to deny its political arch rival, Pakistan Tehreek-i-Insaaf (PTI), an opportunity to win voters using the…
Nepra jacks up KE tariff by Rs4.49 per unit
On account of petition filed by the government regarding uniform tariff for Discos and KE ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Friday allowed an increase of Rs4.49…
Petrol price may rise by Rs8.98
Govt, however, expected to keep prices unchanged by adjusting petroleum levy ISLAMABAD: The price of petrol is expected to go up by Rs8.98 per litre while the price of high-speed…
Sufficient dollars
Huge Weekly outflow takes SBP reserves down to $4.3bn This is the lowest level since February 2014 country doesn’t have sufficient dollars to cover even one month of average imports.