ECAP says rising US dollar rate in open market swaying people towards hawala and hundi
Karachi: Exchange Companies Association of Pakistan (ECAP) reported a disparity between the dollar rate on Wednesday which was Rs107.30-60 in open market compared to...
Finance Minister Asad Umar updates PM on condition of country’s economy
According to high-ranked government sources, if Pakistan doesn’t seek an IMF bailout, then the import of oil on deferred payments and rollover of maturing loans could be the preferred choices to cope with external sector challenges
IMF warns of rising risks to global growth amid trade tensions
WASHINGTON: The global economy is still expected to grow at a solid pace this year, but worsening trade confrontations pose serious risks to the...
GSMA recommends tax cuts for Telecom sector
Higher taxes mean lower purchasing power of an average consumer. (Groupe Spéciale Mobile) Association (GSMA) has set out a number of measures that Pakistan...
Stock market witnesses biggest fall since 2009
LAHORE
In wake of the uncertainty surrounding the first family, the Pakistan Stock Exchange (PSX) crumbled. However, it came as no surprise for investors. After...
Saudi investors keen to form JVs in Pakistan’s furniture sector
PFC chief says a delegation of Saudi investors will visit Pakistan this month to explore opportunities in the furniture sector
ISLAMABAD:Â A delegation of Saudi investors...
Apna Microfinance Bank’s net income increases by 39pc
Apna Microfinance Bank Limited conducted its Board of Directors meeting on 31 August, where the board reviewed the financial results.
Based on the year-on-year comparison,...
No new tax expected in upcoming FY 2017-18 budget
The upcoming budget for FY 2017-18 is likely to be public friendly and it is expected that no new tax would be introduced. Moreover,...
Italian businessmen interested in doing business with Pakistan: Anna Ruffino
KARACHI:Â Italy Consul General (CG) Anna Ruffino said that Pakistan is a very interesting market for the Italian businessmen who are interested in doing business...
Govt mulling to reduce power tariff for industrial sector
ISLAMABAD: Federal Minister for Planning and Development Asad Umar has said Prime Minister Imran Khan wants to provide maximum relief to the people and...
PM Imran links country’s prosperity with industrial development
ISLAMABAD: Prime Minister Imran Khan said on Wednesday that the country's prosperity was dependent upon industrial development and stressed upon provision of all facilities...
PKR plunges to Rs164.06 against US dollar
Pakistani Rupee (PKR) continued with its declining trend on Thursday, as it depreciated by another Rs1.9 against the US Dollar (USD) in interbank session,...
Trade associations relieved over SC verdict, foresee long term stability
The leaders of major trade associations have expressed relief over the Supreme Court’s (SC) verdict. They stated that the verdict had cleared away the...
China’s economy cools further, investment growth at record low
Fixed-asset investment expanded by a less-than-expected 5.5 percent in January-July, a result of Beijing’s crackdown on lavish local government borrowing for projects to boost growth
Overseas Pakistanis remitted $21.84bn in FY19
ISLAMABAD: Pakistan has witnessed a 19.68pc increase in remittances during the fiscal year 2019, as compared to the corresponding period of last year.
The overseas...
