Pakistan, Russia agree to realise bilateral trade potential

Hammad Azhar apprises Russian minister of Pakistan's successful implementation of IMF programme, prospects of Pakistani economy and huge trade potential between the two countries

IMC chief sees auto sector growth in next quarter

'Sales had suffered owing to govt's drive for documentation of industry'

Russia pledges to invest heavily in Pakistan’s defence, industrial projects

ISLAMABAD: Russia has signed a new trade deal with Pakistan, pledging to invest heavily in the country's industrial sector. According to government officials, Russia...

JS Global submits PAI to acquire up to 45.03pc shares of...

JS Global Capital Limited, on behalf of its clients or acquirers, has submitted a Public Announcement of Intention (PAI) to acquire up to 45.03pc...

APTMA lauds govt for releasing Rs17bn in refunds

ISLAMABAD: The All Pakistan Textile Mills Association (APTMA) has lauded the government for releasing Rs17.6 billion in various drawback schemes pertaining to the textile...

The spectacular decline of Hubco

It is not every day one can characterize a company that made Rs11.9 billion in profits last year as struggling, but there is no denying it: Hub Power Company (Hubco), Pakistan’s largest independent power...

Pakistan: The Economy of an Elitist State

In 1999, Dr Ishrat Hussain was nearing the end of a two decade career working for the World Bank. Already having made quite a name for himself as a not just a talking head,...

Large-scale industry continues to contract, agriculture shows promise

It comes as no surprise to any observer of the Pakistani economy that large-scale manufacturing continues to decline in output. For the third quarter of 2019, the LSM index declined by 5.9% compared to...

Rising prices help Aisha Steel continue growth trajectory

In a macroeconomic environment where government spending on infrastructure is slowing down most businesses are scaling back their investments, one would expect steel manufacturers to be struggling to stay in place, but Aisha Steels,...

TPL Insurance seeking up to Rs1 billion in foreign investment

TPL Insurance, Pakistan’s sixth largest non-life insurance company, is close to securing a Rs1 billion investment from international investors, an investment which would allow the company to invest in expanding its operations and key...

In Conversation with Amir Masood Khan, President/CEO of The First MicroFinanceBank, Pakistan, about the...

The First MicroFinanceBank Limited, Pakistan (FMFB-P) is the pioneer in Microfinance with over 17 years of experience in innovation and financial services delivery. The vision of the bank is to enable individuals and contribute...

Despite rising demand, Lotte holds off on capacity expansion

It is an industry in which it is the dominant player, and one where demand from industrial customers currently exceeds domestic production capacity. Yet Lotte Chemical Pakistan wants to wait for the purified terephthalic...

Plunging rupee deepens profit declines at Abbott Laboratories

Abbott Laboratories is feeling the crunch in Pakistan as the plummeting rupee takes the company’s profit margins down with it. Gross margins declined by 5 percentage points, down to 31%, in the three quarters of...

Why Jeffrey Sachs is wrong about Reko Diq

It started with the usual leftie / “anti-imperialism is the ultimate moral good” crowd. An article written by American economist Jeffrey Sachs provocatively titled...

Continued myopia on energy policy

Long term policy planning is hardly something that the government of Pakistan is known for. Indeed, the short-termism is what often lands the country...

Seriousness of purpose on climate policy

It is a sad thing when one so consumed by one’s own propaganda and nonsense that one cannot get oneself to admit the truth....

“Boycotting imported products will elevate rupee and make Pakistan better off,” BS or not?

In response to the relentless hike in US dollar against Pakistani rupee, various campaigns online have urged Pakistani consumers to cut-off their...

Smuggled phones can be unblocked in the black market for Rs 2,000’: BS or Not?

Senator Mian Mohammad Ateeq Sheikh raised concerns in a Senate standing committee a few days ago over Pakistan Telecommunication Authority (PTA) blocked...

‘Huawei phones have stopped working after Google pulls its Android license,’ BS or not?

 An increasing number of American and Chinese companies are feeling the damaging effects of the US trade war with China as it...
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FBR proposes up to Rs40,000 tax for shopkeepers

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed a maximum Rs40,000 fixed tax for shopkeepers, Pakistan Today has learnt. As per the documents, the tax...

Telenor Bank investigates loan fraud

--14 people, including Telenor Bank employees, have been involved in the scam in the Telenor Microfinance Bank --With a recent equity injection of PKR 11...

Petitioners against FBR withdraw cases after agreement

ISLAMABAD: The Federal Board of Revenue (FBR) on Friday issued a photograph of the letter submitted to the Sindh High Court (SHC) by multiple...

Russia pledges to invest heavily in Pakistan’s defence, industrial projects

ISLAMABAD: Russia has signed a new trade deal with Pakistan, pledging to invest heavily in the country's industrial sector. According to government officials, Russia would provide...

Govt approves merger of 19 state-owned entities, dissolution of five

ISLAMABAD: In an apparent bid to introduce institutional reforms and to reorganise various institutions/organisations, the government has approved the merger of 19 state-owned entities...

Steel industry smells a rat in govt’s new DRI policy

'Plants using gas to produce DRI should be discouraged while incentives should be given to coal-based DRI plants'

PSX to implement Equity Index Circuit Breaker to avoid panic selling

LAHORE: Pakistan Stock Exchange (PSX) has announced plans to implement a circuit breaker from the start of next year to help avoid panic selling...

Asad Umar quits NA finance committee 

Asad Umar on Wednesday stepped down as the chairman of the National Assembly Standing Committee on Finance. The development took place during a session of...
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