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ICST calls for efficient banking mechanism to overcome money laundering

‘Expats send around $20bn yearly through legal channels while the same amount is sent out through hundi’ISLAMABAD: The Islamabad Chamber of Small Traders on...

Pakistan won’t need IMF again, Umar claims

–Finance minister says govt trying to bridge $12bn financing gap through policies, bailout programme–Says economy improving as exports have increased, imports are down, remittances...

Railways minister vows to bring 100 new coaches in a month

'Small factories and schools built near railway tracks will be closed'LAHORE: Federal Railways Minister Sheikh Rasheed on Saturday claimed he will bring 100...

China moves to lift confidence as economic growth hits weakest pace since 2009

On a quarterly basis, growth cooled to 1.6 percent from a revised 1.7 percent in the second quarter, meeting expectations

FATF gives Iran until Feb to complete reforms

Members of FATF had already given Tehran until October to bring its laws against money-laundering and funding of terrorism up to its guidelines

Pakistan’s textile exports inch up by 0.86 percent in 1st quarter FY19

During the period under review, bedwear exports from the country increased by 2.89 percent, from $567.224 million to $583.62 million while the tents canvas and tarpaulin's exports also increased by 3.54 percent from $16.13 million to $16.7 million

FBR contemplating to allow manufacturers to import raw materials under DTRE scheme

Mr Khokhar shared the government had agreed in principle to make payments of Customs rebate automatically on the realization of export proceeds and a proclamation in this respect would come soon

France extends support for China’s Belt & Road initiative

Mr Barety stated France supported the Chinese BRI concept and was willing to invest in the following phases of China-Pakistan Economic Corridor (CPEC) on condition that transparency is ensured.

Iran keen on barter trade with Pakistan, calls for strengthening economic ties

Mr Nazeri said Iran had massive construction potential and could work with Pakistan in this area

Govt contemplating to export surplus wheat

Mr Dawood highlighted the surplus of wheat in the country needs to be exported for reining in the decline of foreign currency reserves and save storage cost of the commodity

Engro says govt has no contractual right to renegotiate LNG agreement

On Thursday, the Information Minister Fawad Chaudhary had announced the government would be conducting an audit of the two LNG deals

IMC resumes booking of vehicles

IMC requests customers to make partial payments only and told them not to make full payments at the time of booking their vehicles

PM confident of future despite ‘plunder’ by previous govts

 Khan says past govts not only overburdened the country with excessive debts but also spoiled the institutionsISLAMABAD: The prime minister said on Friday that...

PM invites Qatari investment to facilitate Pakistan’s economy

ISLAMABAD: Prime Minister Imran Khan on Friday invited Qatari investment in all sectors of Pakistan’s economy, especially in agriculture, livestock and energy.He also expressed hope...

Azerbaijan offers $100m credit to address Pakistan’s energy woes

ISLAMABAD: Ambassador of Azerbaijan Ali Alizada called on Information Minister Chaudhry Fawad Hussain on Friday and said his country was ready to offer $100...

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Dearth of economic experts in Finance Ministry irks PM

‘There is not a single ministry official who holds a PhD degree in the field of economics and finance’ ‘Secretaries have mostly been...

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Pakistan ‘gifts’ 15,000 livestock animals to Gulf countries despite ban

'Influentials sitting in important ministries and those belonging to foreign missions were involved in the export after taking permission from former PM Abbasi' ISLAMABAD: Despite a...