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CNG prices increased by Rs 5.36 per kg

To discourage use of compressed natural gas (CNG) in the vehicles, government has increased its prices by up to Rs 5.36 per kilogram (kg). The notification for raised prices was issued by the Oil and Gas Regulatory Authority (OGRA) on Tuesday. A notification with an effect from July 1, issued …

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KSE’s new year, began with two hour delay

The Karachi Stock Exchange (KSE) started business after a two hours delay over technical fault on Tuesday morning that was the first day of new fiscal year. On the very first day of the new fiscal year, KSE has undergone a technical fault in its system causing a two hour …

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IMF is a snare for Pakistan: Pakistan Economy Watch

Islamabad:Pakistan Economy Watch (PEW) has given a caution that selling of valuable national assets to meet the budget deficit is a blunder and would push Pakistan in the trap of IMF. The president of PEW Dr Murtanza said that the policy makers’ intention in reducing deficit by privatizing the national …

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Pakistan to sell Islamic bonds worth 49.5 billion rupees

State Bank of Pakistan will sell Islamic bonds 49.5 billion rupees ($503.8 million) after a gap of 15 months. The sukuk will pour into substantial amount of money, needed for the domestic Islamic banking industry. The desire for Islamic bonds in Pakistani currency has increased rapidly as Islamic banks experiencing …

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Rs 1 Trillion budget for Punjab

Lahore: A presentations of the budget for the fiscal year 2014-2015 was held in the Punjab Assembly on Friday in which a total volume of the provincial budget is estimated to be at Rs 1.034 trillion. The speaker Punjab assembly Rana Muhammad Iqbal chaired the session while the proposal was …

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Opposition rejects the proposed budget 2014-2015

 Islamabad: The budget for the next fiscal year as propounded by the finance minister on June 2 is rejected by the opposition parties which declared the budget as has no relief for the lay man. According to the objection, made by the opposition parties, the documents and the Economic Survey …

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Federal budget of about 4 trillion has been tabled

Islamabad: The finance minister Ishaq Dar announced the federal budget for the fiscal year 2014-2015 in the National Assembly on Tuesday. The budget speech presented here on Tuesday in which pension increment and 10 percent increase of package for the government employees was included. The prices of cigarette, cooking oil, …

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Federal budget for 2014-2015 fiscal year of about 4 trillion will be presented today

Islamabad: Government’s second budget for the year 2014-2015 will be elaborated today by the finance minister and Senator Ishaq Dar for approval after the meeting of the federal cabinet. According to the officials, the federal government has disbursed about Rs3.87 trillion for the next year which also include Rs525bn for …

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