Govt to announce textile policy in next two weeks

ISLAMABAD: Advisor to Prime Minister on Commerce, Textile, Industries and Production Abdul Razak Dawood has said the present government is working on...

Auto sales picking up after months of downslide, Senate panel told

ISLAMABAD: Although the auto industry had reported over 60pc decline in sales during the past few months "owing to inflation, price hikes and...

EU likely to extend Pakistan’s GSP+ status next month

ISLAMABAD: Adviser to Prime Minister on Commerce Abdul Razzaq Dawood has hinted that the European Union might extend Pakistan's Generalised System of...

IMF, Pakistan reach staff-level agreement for $450m tranche

WASHINGTON: Pakistani authorities and the International Monetary Fund (IMF) staff have reached an agreement that could pave the way for a disbursement of...

SBP reserves up $87m to $12.6bn

KARACHI: Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased $87 million to $12,591.5 million during the week ending February...

ePay Punjab fetches Rs1bn revenue in five months

LAHORE: ePay Punjab, the first-ever government payment aggregator for citizens’ facilitation and ease of business, has collected over Rs1 billion in tax...

Coronavirus scare takes over stock market

KSE-100 recorded its biggest intraday loss in a year, but recovered most ground to close 251 points lower
Banking sector

NPLs rise 11.8pc to Rs776bn in Dec 2019

KARACHI: The non-performing loan (NPLs) within the banking industry increased by 11.76pc YoY to Rs776 billion at the end of the last...

FATF ‘grey list’ poses credit risks to Pakistani banks: Moody’s

KARACHI: Pakistan’s banking system faces credit risk from the country’s continued inclusion on the Financial Action Task Force’s (FATF) ‘grey list’ of nations,...

Pakistan fails to get any firm US commitment on trade ties

ISLAMABAD: Secretary Commerce of the United States of America Wilbur Ross avoided making any firm commitment to Pakistan during his visit to...
Abdul Hafeez Shaikh

US commerce delegation’s arrival to boost economy: Hafeez

ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh has said the arrival of the delegation from...

POL prices likely to witness significant cut

A cut in the prices of petroleum products is expected in the next couple of days, officials at the Ministry of Finance...

SBP raises Rs388bn from T-bill auction

KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs388 billion through T-bills, exceeding the target set of Rs300...

US seeks to boost trade with Pakistan, says top official

Commerce Secretary Wilbur Ross apprised of Pakistan’s economic reforms, investment opportunities, FATF compliance

Sindh govt aiming new SEZs, foreign diplomats told

KARACHI: Sindh Chief Secretary Syed Mumtaz Ali Shah said on Wednesday that the provincial government had planned to set up three more Special...