Business community hails PM’s decision to form CPEC Authority

ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) has welcomed Prime Minister Imran Khan's announcement regarding the establishment of the China Pakistan Economic Corridor...

Communications ministry sees 52pc growth in revenue

ISLAMABAD: The Ministry of Communications has registered over 52 per cent increase in its annual revenue during the first year of the Pakistan Tehreek-e-Insaf...

RCCI calls for efficient mechanism to control cross-border smuggling

Rawalpindi Chamber of Commerce and Industry (RCCI) President Malik Shahid Saleem on Monday urged the government to adopt modern technology and strict monitoring at...

Car sales drop 42pc in July

LAHORE: Auto sales witnessed a significant decline of 29pc in the first month (July) of the fiscal year 2019-20, as compared to the same...

Pakistan’s trade balance improves 19pc in one year

ISLAMABAD: Pakistan trade balance has improved by 19pc, as the deficit declined from $37.6 billion to $30.6 billion during the last fiscal year. "The country's...

Vegetable imports fall 13.2pc in FY19

ISLAMABAD: The import of vegetable products into the country decreased by 13.20pc during the financial year 2018-19 as compared to the corresponding period of last...

German economy could continue to shrink: Bundesbank report

The German economy could have continued to shrink over the summer as industrial production drops amid a dearth of orders, the central bank of...

Govt launches ‘Kamyab Jawan’ programme for youth uplift

ISLAMABAD: Prime Minister’s Youth Affairs Programme has launched the ‘Kamyab Jawan Programme’ for the socio-economic development of the country's youth. According to an official, under...

KSE-100 breaks 8-day losing streak, gains 797 points

KARACHI: Investors of the Pakistan Stock Exchange (PSX) breathed a sigh of relief as their trade screens turned green on Monday. Indices started moving north...

FBR to tighten noose on smuggled goods from 1st

ISLAMABAD: As per the instructions of Federal Board of Revenue (FBR) Chairman Shabbar Zaidi, the board has initiated a phased programme to combat the sale...

China unveils rate reform to steer funding costs lower for firms

BEIJING: China’s central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for companies and support a slowing economy...

Production of light commercial vehicles drops 16.19pc

ISLAMABAD: The production of light commercial vehicles (LCVs) witnessed a decrease of 16.19pc during the first eleven months of the fiscal year 2018-19, as against...

Pharmaceuticals may turn to Chinese raw material as tensions with India soar

Pakistan has formulated a strategy to deal with any crisis arising out of an embargo on the import of raw material supplied by India...

SBP reserves jump $535m to $8.26bn

ISLAMABAD: After receiving inflows of $500 million from the Asian Development Bank (ADB), the country's total liquid foreign reserves stood at $15,577 million as on...

ADB approves $25m loan to expand women’s access to credit in Pakistan

ISLAMABAD: The Asian Development Bank (ADB) has approved a $25 million syndicated loan to support the lending operations of Kashf Foundation, one of Pakistan's leading...

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FBR issues notices to 3,950 non-filers in Lahore

LAHORE: The Federal Board of Revenue's Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their assets despite...

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KP govt employees to receive interest-free loans

The Khyber Pakhtunkhwa (KP) government has decided to provide the government employees with interest-free loans, a private media outlet reported on Tuesday. As per details,...