In the first 13 months of the Pakistan Muslim League-Nawaz (PML-N) government’s tenure, the circular debt in the power sector has decreased by Rs 283 billion. According to documents of the Power Division, the circular debt in the power sector was reduced by this amount, reaching Rs 2,396 billion between …
Read More »Rs 1.8m fixed fees for MBBS & BDS private students
Pakistan Medical and Dental Council (PMDC) has fixed Rs 1.8 million for the students of MBBS and BDS for all sessions, said an official notification of the Council here on Monday. However, the management of the private medical colleges if collected above and over the fixed amount of Rs 1.8 …
Read More »Swift price soars to Rs 4.41m — Will buyers now opt others?
Aftab Maken Pakistan Suzuki Motor Company (PSMC) has once again increased the prices of its popular hatchback, the Suzuki Swift. The latest price hike, effective from April 26, 2025, sees the price of the Swift GL MT variant rise by Rs 80,000. Previously priced at Rs 4,336,000, the Suzuki Swift …
Read More »Aurangzeb brings home IMF deal & global confidence
Finance Minister Senator Muhammad Aurangzeb concluded the fourth day of his visit to Washington, for the Spring Meetings of the International Monetary Fund (IMF) and the World Bank with significant progress on economic diplomacy, said an official statement of the finance Ministry here on early Friday morning. The visit featured …
Read More »Inflation to rise again ahead of budget & Eid-ul-Adha
There is likely rise in inflation again in the country ahead of the upcoming budget and Eid-ul-Adha. In its Monthly Economic Update and Outlook, the Ministry of Finance has released estimates related to inflation, projecting that inflation in May could potentially increase to between 3% and 4%. For the current …
Read More »inDrive Delivery sees record growth
inDrive, the global peer-to-peer ride-hailing and delivery platform, has achieved its highest-ever growth in Pakistan’s delivery services during March 2025, with a record-breaking surge in demand during the week of Eid. As families gathered for iftars, shared Eid gifts, and businesses prepared for one of the busiest retail periods of …
Read More »PM approves FED removal on property deals: FBR
In a meeting of the Senate Standing Committee on Finance, held under the chairmanship of Senator Saleem Mandviwalla of the Pakistan Peoples Party, a significant development unfolded regarding the ongoing investigation into money laundering through the import of solar panels. The sub-committee, established to probe the matter, requested additional time …
Read More »FM reaffirms Pakistan’s dedication to engaging with IFIs
Finance Minister Senator Muhammad Aurangzeb engaged in a series of high-level meetings on the second day of his visit to Washington, for the annual spring meetings of the International Monetary Fund (IMF) and the World Bank, focusing on Pakistan’s economic stability, ongoing reforms, and investment opportunities, says an official statement …
Read More »IMF loan will give it funding visibility until 2027
Pakistan is looking to buy more goods from the US, including cotton and soybean, and remove non-tariff barriers to escape President Donald Trump’s high tariffs. The country is open to foreign direct investments from US firms in its recently opened minerals and mining sectors and is preparing to debut its …
Read More »Mystery shrouds over murder of IIUI’s female student in private hostel
A 23-year-old female student of the International Islamic University Islamabad (IIUI) was shot dead at a private hostel in the G-10/1 sector of the federal capital, police confirmed on Monday. According to FIR, the tragic incident occurred in the early hours of Sunday when an unidentified armed man gained access …
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