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Day: May 12, 2023

Internet Suspension Results in Rs820m Loss

May 12, 2023May 12, 2023 Admin
internet

The suspension of mobile broadband services in Pakistan due to political escalation has caused significant financial losses for digital service providers, the government, and the general population.

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HighlightsInternet, Result, Suspension

Newly Launched Night Navigation Increases FOTCO’s Terminal Capacity By 30pc

May 12, 2023May 12, 2023 Admin
fauji

Fauji Oil Terminal and Distribution Company (FOTCO) in collaboration with Port Qasim Authority (PQA) on Wednesday commenced night navigation of oil vessels at the FOTCO terminal, a move that increases the company’s capacity by 30%.

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ShortcodeFOTCO, Launched, Night

Financing Needs WAPDA Seeks Appraisal Session With PM Ministers

May 12, 2023May 12, 2023 Admin
wapda

The Water and Power Development Authority (Wapda) has proposed an appraisal session with Prime Minister Shehbaz Sharif in presence of Ministers for Finance, Water Resources and Planning, Development and Special Initiatives

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ShortcodeFinancing, WAPDA

Budget To Be Presented on June 9Dar

May 12, 2023May 12, 2023 Admin
budget

Finance Minister Ishaq Dar on Thursday announced that the federal budget for fiscal 2024 would be presented on June 9 and insis­ted that Pakistan would not default on any foreign liability, with or without an IMF programme.

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ShortcodeBudget, Dar, Presented

Govt Tells IMF It Will Scrap Fuel Subsidy Plan

May 12, 2023May 12, 2023 Admin
imf-1

THE government has told the International Monetary Fund (IMF) it would not implement a fuel subsidy programme as the two sides negotiate a long-delayed $1.1 billion bailout for the country, Bloomberg News reported on Thursday.

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ShortcodeIMF, Scrap, Tells

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