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$6.8bn ML-1 Karachi-Peshawar rail line approved

$6.8bn ML-1 Karachi-Peshawar rail line approved

The Executive Committee of the National Economic Council approved the Pakistan Railways to upgrade and install Mainline-1. Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the meeting of the…

12-month FDI jumps 88pc to $2.56bn

12-month FDI jumps 88pc to $2.56bn

Foreign direct investment into the country jumped by 45 percent in June to $174.8 million compared to May 2020 after recording declines for two consecutive months in the last quarter of fiscal year 2019-20, latest…

US report says Pakistan’s budget lacked fiscal transparency.

US report says Pakistan’s budget lacked fiscal transparency.

In a document titled “2020 Fiscal Responsibility Report,” the US State Department claimed the budget presented by the Pakistan government lacked key information on the government and government-guaranteed debt related to the China-Pakistan Economic Corridor. …