Exporters get 6-month extension under EFS

[ Bilal Azhar Kayani, Coordinator to the Prime Minister for Economy and Energy addressing a press conference. APP ISLAMABAD: Minister of State for Railways, Finance and Revenue Bilal Azhar Kayani has announced that the government has increased the utilisation period under the Export Facilitation Scheme (EFS) from nine months to 18 months. This essentially means … Read more

Pakistan notches diplomatic win at Riyadh summit

Deputy Prime Minister and Foreign Minister Ishaq Dar and Jordan’s Foreign Minister Ayman Safadi attend the consultative ministrial meeting in Riyadh. Photo: AFP ISLAMABAD: As Deputy Prime Minister and Foreign Minister Ishaq Dar arrived in Riyadh for a crucial ministerial meeting of key Arab and Muslim countries on Wednesday, Pakistan’s primary objective was to push … Read more

Reserves climb to $21.7b

[ The central bank said in its latest weekly update on Thursday that the country’s foreign exchange reserves, held by the SBP, decreased $66 million to $8.15 billion in the week ended January 5, 2024 due to debt repayments. photo: file KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) rose … Read more

Karachi Port offers up to 60% tariff cuts

[ ISLAMABAD: The government has introduced a package of fiscal incentives offering up to 60% concessions in port charges to attract foreign-flagged transshipment vessels to Karachi Port, aiming to increase shipping activity and improve its regional standing. Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry announced the measures while chairing a high-level meeting, according … Read more

Incompetent LG system imposed on Sindh: Khrsheedi

MQM-Pakistan’s leader of the opposition in the Sindh Assembly, Ali Khurshidi. PHOTO: FILE HYDERABAD: The opposition leader in the Sindh Assembly Ali Khursheedi has said a non-autonomous local government system, being ruled by the incompetent local government representatives, has been imposed on Sindh. Speaking at a press conference at Hyderabad office of Muttahida Qaumi Movement-Pakistan … Read more