RIYADH: Saudi Finance Minister Mohammed al-Jadaan said a government efficiency office created last year to review state projects has saved the kingdom 80 billion riyals ($21 billion) on costs, according to the ministry’s official Twitter account.
Jadaan expects increased savings this year and in future years to have a positive impact on the kingdom’s finances and the ministry has set up a mechanism to reimburse contractors within 60 days, as promised in December, he said.
ISLAMABAD: Electricity consumers may face higher power bills starting in May, as power distribution companies have requested the national energy...
ISLAMABAD: Pakistan has re-entered the international financial market after a gap of four years by successfully issuing a $500 million...
FAISALABAD: Officials from Pakistan Customs have urged exporters to fully utilise the Export Facilitation Scheme (EFS), highlighting that businesses at...
ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, concluded final day of IMF-WB Spring Meetings in Washington. He...
