Economy
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Economy
HeadlinesCoal imports to be discharged at Port Qasim
Following Supreme Court’s ban on unloading of thermal coal at Karachi port, Pakistan's thermal coal importers will now have to discharge all of their cargoes at Port Qasim from August.
HeadlinesSBP notifies revisions in manual for kerb market foreign exchange dealers
The central bank last month introduced identification requirements for all foreign currency buy and sell transactions equivalent to $500 or above on currency exchange companies and directed them to retain the copies of identification documents to comply with anti-money laundering rules
EconomyPakistani’s sent an astounding $15.253 billion overseas in FY17: SC
The committee observed during FY17, a major amount of transfers were carried out from Pakistan via the illegal Hawala and Hundi mechanisms
HeadlinesCircular debt falls to Rs499 billion
A decrease in circular debt has been attributed to the timely notification of new tariff by Nepra which allowed Discos to collect additional Rs90 billion revenue in May 2018
HeadlinesKia Sportage SUV set to be launched in Pakistan: Report
The price of the Kia Sportage has not been revealed by the company
Economy1st unit of Tarbela fourth extension project commences generation
The official shared the second unit of Tarbela 4th extension hydropower project was also put in wet commissioning three days ago and the second unit is set to enter its reliability in the first week of July
EconomyBelt & Road initiative could increase global trade by 12 percent: Report
ING’s report says countries in Central Asia and Eastern Europe would gain the most from BRI, however, benefits would be contingent upon where trade costs decrease
EconomyPakistan’s economic growth to slow down, touch 5 percent in FY19 : World Bank
Growth in the South Asian region is projected to strengthen to 6.9 percent in 2018 and to 7.1 percent in 2019, mainly as factors holding back growth in India fade
HeadlinesJapanese electric rickshaws await FBR’s indulgence to launch in Pakistan
HeadlinesLahore storm accidents disable two PIA aircraft, impacting flight operations
EconomyBan on Indian fruit/vegetable exports to Middle East could give advantage to Pakistan
The ban on imports of vegetables/fruits from India by Gulf countries could help Pakistan to double its exports to the region, said FPCCI senior vice president Waheed Ahmed
