Moody’s upgrades Pakistan’s outlook from ‘under review for downgrade’ to ‘stable’, maintains B3 rating
---Moody's forecasts current account deficit (CAD) for ongoing FY21 at 2 per cent of GDP compared to 1.1 per cent recorded in FY20
Agreement for Rashakai SEZ to be signed by August end, says Asim Bajwa
ISLAMABAD: CPEC Authority Chairman Asim Saleem Bajwa on Friday said that the agreement for the establishment of Rashakai Special Economic Zone (SEZ)...
Legislation to meet FATF conditions will destroy business sentiment, NA body says
--Opp members say Pakistan being 'targeted' by FATF through stiff conditions
--Hafeez Shaikh says legislation for FATF conditions is 'not an agenda of...
Govt unveils new shipping policy with an aim to attract investment
Ali Zaidi announces tax incentives for shipping industry investors, says at least three local shipping companies will soon be registered under the new policy
Stocks suffer modest fall on late selling
Despite gaining 299 points in early trade, KSE-100 Index ends lower by 136 points at 40,029.69
FY2019-20: Pakistan’s fiscal deficit narrows to 8.1pc of GDP
ISLAMABAD: Pakistan's fiscal deficit shrunk to 8.1pc of Gross Domestic Product (GDP) during the fiscal year 2019-20.
According to sources, the fiscal deficit...
SBP reserves rise $567m to $12.54bn
Central bank attributes the increase to inflows from multilateral and bilateral agencies, including $505m received from the World Bank
Trade deficit shrinks 10.2pc to $1.64bn in July
Exports rise 6pc while imports drop 2pc during the first month of FY21
Stocks bounce back to recover overnight losses
Cement sector leads market rally, helps KSE-100 close higher by 305.16 points at 39,882.78
After months of Covid-led downfall, Pakistan’s exports grow 5.8pc in July
According to the commerce ministry, Pakistan exported goods and services worth $1.99bn in July 2020, as compared to $1.88bn in July 2019
KSE-100 snaps winning streak on profit-booking
Despite accumulating 459 points in early trade, the benchmark index ends lower by 293 points at 39,577.62
Export of transportation services falls 4.8pc to $758m
ISLAMABAD: Pakistan generated a revenue of $758.02 million by providing transportation services to different countries during the first 11 months (July-May) of...
Stocks gain 613 points on positive sentiments
KARACHI: Investors of the Pakistan Stock Exchange (PSX) returned after Eid holidays with positive sentiments, as the indices accumulated gains throughout the...
Cement offtake jumps 41pc to 4.97m tonnes in July
Offtake from the southern region touched an all-time high in July, as total despatches surged 63pc YoY to 1.31m tonnes
Financial constraints hindering development in KP
PESHAWAR: Work on several important developmental projects has come to a halt in Khyber Pakhtunkhwa (KP) as the provincial government had failed to...