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Articles for tag: business, Chiefs, Commission, discussions, fee, Latest, monthly, Package, SBP, Senate

September 11, 2025

News Desk

Senate Commission discussions discussions SBP Chief’s monthly fee package

Islamabad: The governor of the Central Bank received a minimum of RS4 million in a monthly salary, extensive privileges and security and services from four employees, showed that the government was submitted to a Senate committee on Wednesday. The Treasury presented the details of the salary and privileges received by the Pakistani State Bank (SBP) at a meeting of the Senate Finance Committee, which discusses the salaries of the leaders of the various regulatory authorities. However, the details were related to 2019 and 2023, so the Commission commissioned the Central Bank and the Ministry of Finance to present the commander’s

July 10, 2025

News Desk

Electricity values ​​were reduced to national level under monthly fuel adjustment

A technician works in porcelain insulators in the power transmission tower in Karachi. – Reuters/file July accounts to include prices reduction. Non-carcass rates were reduced by 50 paisa. Fighting karachi based on adapting April. Islamabad: Electricity prices have decreased throughout Pakistan under the monthly fuel cost adjustment mechanism, according to a notification issued by the National Electricity Regulatory Authority (Nepra). According to the latest decision announced on Wednesday, Karachi’s electricity consumers will see a reduction in Rs4.03 per unit, while the rest of the country will benefit from 50-PAISA per reduction of the unit. Nepra said the relief would reflect

March 7, 2025

News Desk

Electricity prices declined in Pakistan under monthly adjustment of fuel charges

A technician from Karachi Electric, the largest power company in Pakistan, corrects new electricity meters in a residential building. – AFP/file Power invoices for KE consumers will see RS3 per unit. For other electricity values ​​they were reduced by Rs2.12 per unit. K-Electric is cut under Dec FCA, while the rest of the country for January. ISLAMABAD: The National Electricity Regulatory Authority (NEPRA) has announced a decrease in electricity prices for consumers across the country under the monthly Fuel billing (FCA), official alerts issued on Thursday. Power invoices for K-Electric (KE) consumers will see a cut of RS3 per unit

December 28, 2024

News Desk

HIV epidemic worsens in Pakistan with over 1,000 monthly infections

This rendering shows a nurse (left) handing out a red ribbon to a woman at the entrance of the Emilio Ribas Hospital, in Sao Paulo, December 1, 2014. — Reuters Over 9,000 people were diagnosed with HIV between January, September 2024. The total number of HIV cases for this year could exceed 12,950. Experts note a wide spread of deadly infections from high-risk populations. Islamabad: Pakistan is facing an alarming rise in human immunodeficiency virus (HIV) cases, with Ministry of National Health Services officials reporting 1,079 new infections every month. According to the ministry on Friday, in the first nine

May 16, 2024

News Desk

LSM sector records third consecutive monthly decline

KARACHI: Production in Pakistan’s large-scale manufacturing industries (LSMI) fell by 9.35 percent, marking the third consecutive month of decline in March 2024, according to Pakistan Bureau of Statistics (PBS) data. The monthly Quantum Index of Manufacturing (QIM) fell to 115.5 in March, compared to 132.4 in December 2023, with significant declines seen in production from sugar, cement and iron and steel products. However, another set of data from the bureau shows a 2.04 percent increase in output in major industries in March compared to the same month last year. Industries reporting increased production in March include apparel, fertilizers, petroleum products,

March 9, 2024

News Desk

Finmin candidate likely to give up Rs 30 million monthly salary, Dutch citizenship

Muhammad Aurangzeb, the country’s potential finance czar, currently ranks among the top 5 highest paid bank CEOs This screenshot taken on March 5, 2024, from the Pakistan Expo 2020 YouTube video posted on October 5, 2021, shows Muhammad Aurangzeb talking about investment opportunities. — YouTube/PakistanExpo Muhammad Aurangzeb met with Nawaz Sharif. Aurangzeb applied to renounce his dual citizenship. Chances of Ishaq Dar becoming finance minister are slim. ISLAMABAD: Muhammad Aurangzeb, the likely finance minister of Pakistan, is expected to give up his Rs 30 million monthly salary package and Dutch citizenship to take up the important post, The news reported

March 3, 2024

News Desk

Invitation to fix minimum monthly salary at Rs.32,000

PHOTO: FILE KARACHI: Sindh Human Rights Commission (SHRC) chairman Iqbal Detho underlined the importance of improving conditions for workers in the informal sector and called for the implementation of a minimum monthly wage of Rs 32,000 in the province. He also called for a comprehensive review of laws related to slavery and human trafficking in collaboration with the standing committees of the provincial assembly. Detho addressed an interactive session with Sindh government stakeholders and experts from the United States on best practices to combat human trafficking and bonded labor in the province. The event, organized by the Sustainable Social Development

February 1, 2024

News Desk

FBR misses monthly target by 1.3%

Islamabad: The steady performance in income tax collection, coupled with a better performance in previous months, enabled the Federal Board of Revenue to meet its seven-month target of Rs 5.12 trillion. However, for the first time this financial year, the monthly target was missed by Rs 9 billion or 1.3%. According to an agreement with the International Monetary Fund (IMF), a deficit of more than 1% may require a small budget. The tax authorities attribute the monthly collection shortfall to the caretaker finance minister’s drive to restructure the FBR, which they claim has diverted focus from the core objective of

December 28, 2023

News Desk

The economy is out of whack: monthly outlook

Islamabad: Pakistan’s economic challenges – higher budget and current account deficits – have reduced to a manageable level, laying the foundation for higher economic growth, the Economic Advisers wing of the Ministry of Finance claimed on Wednesday. In its monthly economic outlook report, the Treasury’s Economic Advisers wing said inflation would now ease to a “moderate level”, although it would still be in upper double digits. “The twin deficit is on a downward trajectory which means better financial management to reduce macroeconomic imbalances. This lays the foundation for progress towards higher and sustainable economic growth,” the finance ministry said. Budget

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