SBP formulating plan to promote SMEs banking

LAHORE: Small and Medium Enterprises (SMEs) banking is poised for a shakeup, as State Bank of Pakistan has decided to initiate a roadmap for...

Pakistan won’t seek another IMF bailout, reiterates: PM Abbasi

LAHORE: Prime Minister Shahid Khaqan Abbasi and State Bank of Pakistan (SBP) firmly believe Pakistan can face twin challenges of widening external deficits and...

Socialism is a ‘dirty’ word in Pakistan: Kaiser Bengali

KARACHI: Pakistan’s renowned Economist Kaiser Bengali was amused to hear repeated praise of socialism from Wang Yu, Chinese Council General in Karachi and later...

MoC, FBR blame each other for issuing confusing regulatory duties on imports

ISLAMABAD: While various sectors have shown serious reservations regarding the recently imposed Regularity Duties on selected import items, Ministry of Commerce (MoC) and Federal...

OICCI Business Confidence Index turns bullish, rises to 21pc

KARACHI: Overseas Investors Chamber of Commerce and Industry (OICCI) shared the results of its Business Confidence Index (BCI) Survey, Wave 15, which shows that...

IFAD to give Pakistan $82m for poverty alleviation

ISLAMABAD: Pakistan is set to receive $82m funding from International Fund for Agricultural Development (IFAD) to enhance living conditions, livelihoods and income-generating capacity for...

Revised CPEC LTP plan remains unshared with provinces

ISLAMABAD: Federal government has once again refused to share revised Long-Term-Plan (LTP) of China-Pakistan Economic Corridor with provinces. The government on Wednesday had arranged a...

Direct investment surges by 74.4pc to $939.7mn in July-Oct 2017

KARACHI: Pakistan has received an amount of $ 939.7 million in the head of foreign direct investment (FDI), up by 74.4 per cent or...

Imports aren’t always bad for economy: Research

KARACHI: A recent research has just rejected the perception that imports have been negatively affecting Pakistan’s economy due to rising Balance of Payment (BOP) deficit and decline in...

Pakistan Stock Exchange nosedived 13pc in last one year

KARACHI: The KSE-100 index has endured a fall of 16pc since Pakistan’s reinstatement into MSCI Emerging Markets (EM) index since June 1st, 2017, said...

ADB business plan 2018-2020: Pakistan set to receive $4.7 billion

ISLAMABAD: Pakistan is set to receive $4.673 billion under a newly constituted operations business plan by Asian Development Bank (ADB) for the year 2018-2020. These...

Failure to lift furnace oil could cost PSO millions of dollars

ISLAMABAD: The government’s ban on furnace oil-based power plants has created a financial nightmare for Pakistan State Oil as it faces payments of millions...

Diamer-Bhasha dam gets excluded from CPEC

ISLAMABAD: China’s demand of ownership rights and other strict conditions for Diamer-Bhasha dam has forced Pakistan to exclude this project from China-Pakistan Economic Corridor...

PIA proposes selling of Roosevelt hotel, other assets to settle Rs352 billion liabilities

ISLAMABAD: As Pakistan International Airlines (PIA) liabilities soar; the management has drafted a plan to settle them by selling some of its critical assets...

Ex-Finance minister refused to release funds for Naulong Dam

ISLAMABAD: Ex-chairman Water and Power Development Authority (WAPDA) Shakil Durrani on Tuesday urged the Public Accounts Committee (PAC) to call former finance minister Abdul...

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What cars are Hyundai-Nishat going to launch?

LAHORE: The hottest topic in Pakistan’s automobile industry today is the upcoming range of Hyundai hybrid cars being assembled in the country by the...