Govt moves to ‘cool down’ an ‘over heating’ economy

Pakistani Finance Minister Shaukat Tarin (L) speaks at the conclusion of the US-Pakistan Trade and Investment Council meeting in Washington on April 27, 2009. (AFP/File)
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Updated 23 September 2021

Govt moves to ‘cool down’ an ‘over heating’ economy

September 23: The Express Tribune reported that Finance Minister Shaukat Tarin announced on Wednesday to take restrictive measures to “cool down” an “over heating” economy, marking the beginning of reversal of expansionary fiscal policies after external sector vulnerabilities exposed sooner than expected.

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Pakistani ecommerce logistics startup Rider raises $2.3 million seed

Updated 20 October 2021

Pakistani ecommerce logistics startup Rider raises $2.3 million seed

October 20: MENA bytes reported that Karachi-based ecommerce logistics startup Rider has raised $2.3 million in a seed round led by Global Founders Capital, Fatima Gobi Ventures, and Asian Development Bank, it announced in a statement today. TPL E-Ventures and Transhold also participated in the deal.

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CPPA seeks further hike in power tariff

Updated 20 October 2021

CPPA seeks further hike in power tariff

October 20: The Nation reported that the Central Power Purchasing Agency (CPPA) has submitted an application to the National Electric Power Regulatory Authority (NEPRA) seeking an increase of Rs2.65 per unit in the power tariff due to fuel price adjustment. 

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PIA, five other carriers served notice for cancelling domestic flights

Updated 20 October 2021

PIA, five other carriers served notice for cancelling domestic flights

October 20: The News reported that five airline operators, including Pakistan International Airline (PIA), have been served with notices by the Civil Aviation Authority (CAA) for cancelling scheduled domestic flights. 

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Military commanders promoted on basis of performance in state of Madina: PM

Updated 20 October 2021

Military commanders promoted on basis of performance in state of Madina: PM

October 20: The Express Tribune reported that Prime Minister Imran Khan has renewed the pledge to continue his struggle for the rule of law in the country, saying he will fight for this purpose “till his last breath” to hold powerful and corrupt people accountable.

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Shaukat Tarin returns to Washington as IMF talks move forward

Updated 20 October 2021

Shaukat Tarin returns to Washington as IMF talks move forward

October 20: Dawn reported that Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin returned to Washington to join the ongoing discussion with the International Monetary Fund (IMF), his office announced on Tuesday.

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