Pakistan risks failure of signing trade accord with EEU: Report

Officials believe the absence of diplomatic ties with Armenia could inhibit the finalization of the trade deal with EEU

LSMI growth jumped 5.38 percent in FY18

The highest growth of 13.24 percent was witnessed in the indices monitored by Oil Companies Advisory Committee (OCAC) followed by 5.04 percent growth in the products monitored by Ministry of Industries and 1.17 percent growth in Provincial Bureaus of Statistics (PBOS)

CPEC to boost economic activities, create two million jobs till 2030

Currently, most of the CPEC projects are categorized as infrastructure development. It will require civil engineers, mechanical, electrical and other related disciplines of engineering

Caretaker govt projects Pakistan to pay $9.3 billion in external debt servicing

The external debt servicing obligation payment projection for FY19 is a touch less than the foreign currency reserves held by the State Bank of Pakistan (SBP)

PTI govt faces daunting challenge to meet its Rs8 billion tax collection target

The slashed income tax rates incorporated by the previous government would make it difficult for the FBR to achieve budgetary targets set for FY19 due to the recent changes has effectively exempted 1.2 million out of 1.4 million taxpayers, as per their projections

Textile exports clock $1.002 billion in July, register 16.09 percent MoM fall

During July, cotton yarn exports rose 7.62 percent YoY, touching $117.343 million

Khushhalibank selects IRIS Payment Platform for digital transformation

Karachi: As Khushhali Microfinance Bank Limited continues to expand its customer base amongst an increasingly growing microfinance market, it recognizes the need to continue to...

NBP signs MoU’s with Mobi Direct, becomes settlement bank, consortium member

ISLAMABAD: The National Bank of Pakistan (NBP) signs two Memorandum of Understanding with Mobi Direct enabling NBP to become a consortium member and settlement bank...

PM has ordered to bring back laundered money, says Umar

ISLAMABAD: Minister of Finance Asad Umar remarked on Monday that Prime Minister Imran Khan has ordered to bring back money which has been laundered...

CDNS awarded Best Financial Inclusion Award Pakistan 2018

ISLAMABAD: Central Directorate of National Savings (CDNS) with an aim to inculcate the habit of thrift among the masses and as an important tool towards financial inclusion...

Sale of refrigerators, deep freezers up by 15 to 20pc  

KARACHI: The sale of Refrigerators and Deep Freezers have gone up by approximately 15-20 per cent on the eve of this Eidul Azha as...

SBP issues fresh notes ahead of Eidul Azha across Pakistan

KARACHI: To meet the demand for currency on the occasion of Eid-ul-Azha, the State Bank of Pakistan (SBP) through its 16 field offices of...

Market Daily: PM gets cold welcome from PSX as stocks end flat

LAHORE: The Pakistan Stock Exchange (PSX) did not give a very warm welcome to the new Prime Minister. As economic worries loom, investors seem...

Country’s current A/C deficit widens to $2.2bn in July

KARACHI: The current account deficit (CAD) of the country further widened by 12.18 per cent to $2.2 billion in the first month of the...

Rasheed woos investors, says railways is ‘open for business’

ISLAMABAD: Newly-appointed Railways Minister Sheikh Rasheed on Monday said he will need at least four months to bring Pakistan Railways "back up on its...

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Alipay set to commence services in Pakistan by end-2018

Back in March, Alibaba’s Ant Financial said it would invest $184.5million for a 45 percent stake in Telenor Microfinance Bank (TMB), a subsidiary of Telenor Group, to further develop TMB’s mobile payment and digital financial services

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