News Desk

12,232Articles

Economy

Slow internet services in Gwadar thwarting China’s aspirations: Report

The customs authority online system in Gwadar is plagued by delays due to slow internet connectivity said Jamaldini

Jul 13, 2018

Economy

SBP tightens access to foreign exchange as dollar reserves drop

Pakistan’s central bank has increased the amount of red tape needed to access dollars

Jul 12, 2018

Economy

Public debt rises 11 percent, touches Rs23.769 trillion during July-May FY18

However, public external debt rose to Rs7.3 trillion against Rs5.9 trillion at end-June 2017, posting a 23.72 percent increase during July-May FY18

Jul 10, 2018

Economy

SSI misleading public after defaulting on contractual payments

Jul 8, 2018

Economy

Pakistan asks China to give more loans for boosting foreign exchange reserves: Report

Pakistani officials have told their Chinese counterparts in case the country seeks a bailout from the IMF, details of CPEC and how it is being funded will have to be shared with them and force it to cancel some of the infrastructure projects already planned.

Jul 6, 2018

Headlines

VEON eyes to buy GTH’s assets in Jazz for $2.55 billion

Global Telecom’s capital amounts to EGP 2.7 billion distributed over 4.7 billion shares at a par value of EGP 0.58 per share.

Jul 4, 2018

Economy

FBR fails to meet revenue collection target for FY18, results in Rs135 billion shortfall

On Sunday, the government revised the Foreign Assets (Declaration and Repatriation) Act, 2018 and the Voluntary Declaration of Domestic Assets Act to extend the amnesty schemes for offshore and domestic assets till July 31st of this month

Jul 2, 2018

Headlines

Vopak LNG expresses interest in acquiring minority stake in Engro’s LNG infrastructure

Talks are ongoing between Engro Corp and Volpak LNG which are subject to the parties entering into definitive agreements and obtaining required Board, shareholder and regulatory approvals

Jun 29, 2018