Share of clean energy to be enhanced to 65pc by 2030: minister

ISLAMABAD: Power Division Minister Omar Ayub Khan said on Wednesday that around 8,000MW and 20,000MW clean, environment-friendly and cheap renewable energy (RE) would be...

Bourse turns bearish, sheds 526 points

KARACHI: It was a tough day for the investors who saw the indices crumble at the Pakistan Stock Exchange (PSX) after two positive sessions. The...

All federal govt departments to be automated by June 2020, NA body told

ISLAMABAD: National Information Technology Board (NITB) Director-General Faisal Iqbal Ratyal on Wednesday briefed the National Assembly's Standing Committee on Information Technology and Telecommunication about NITB's...

Exports surge 9.6pc in Oct, PM’s aide says

Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh said on Tuesday the country's exports registered a 9.6 per cent increase...

SBP governor lauds banks for ‘record financing to agri sector’

KARACHI: State Bank of Pakistan Governor Dr Reza Baqir has appreciated the banks for increasing the credit to the agriculture sector, which reached its historical...

Pakistan wants China to finance ML-1 project in RMB

ISLAMABAD: Pakistan has proposed China to consider the financing of Main Line-I (ML-I), a rail project worth over $9 billion, in Renminbi (RMB). According to...

Local industry irked as tyre smuggling continues unabated

ISLAMABAD: The local tyre industry has expressed concern over a slowdown in the government's crackdown against the menace of smuggling. The industry insiders have observed that...

Traders willing to help govt reduce prices of edible items

ISLAMABAD: The All Pakistan Anjuman-e-Tajran (APAT) on Tuesday linked the recent hike in the price of edible items with the increase in the cost of...

Cabinet approves first-ever National Tariff Policy

--PM says economic policy paradigm is now being realigned to leverage tariffs for industrial development --NTP will be implemented through a Tariff Policy Board headed...

KSE-100 rises 152 points in volatile session

KARACHI: The Pakistan Stock Exchanged witnessed a positive start to the trading session on Tuesday, thanks to inertia from the previous session. However, the initial...

PM hails narrowing of current account deficit

ISLAMABAD: Prime Minister Imran Khan on Tuesday expressed satisfaction that Pakistan's economy was finally heading towards the "right direction" as economic reforms have begun bearing...

Non-performing loans surged 23pc in FY19, Senate body told

ISLAMABAD: The non-performing loans (NPLs) of the banking sector have increased by more than 23pc during the fiscal year ending June 30, 2019 (FY19). Testifying...

IMF rejects downward revision in FBR’s revenue target

ISLAMABAD: The International Monetary Fund (IMF) has rejected the government's request for a downward revision in the revenue target for the ongoing fiscal year (FY20),...

CDWP approves eight projects worth Rs31.6bn

ISLAMABAD: The Central Development Working Party (CDWP) on Monday approved eight projects worth Rs31.6 billion and recommended five projects worth Rs195.1 billion to the Executive...

Local assemblers irked over increase in used car imports

ISLAMABAD: Local car manufacturers/assemblers have raised serious concerns over the surge in the import of used cars during the last two months, saying that this...

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Pakistanis should expect substantial decrease in salaries in 2020

The people of Pakistan are the only nation in the Asia-Pacific who will record a substantial decrease in salaries made next year on the...

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OECD sees global growth at decade low, blames govts’ indecision

PARIS: The global economy is growing at the slowest pace since the financial crisis as governments leave it to central banks to revive investment, the...