Pakistan to export cigarettes worth $50m for the first time

ISLAMABAD: Although Pakistan has been exporting tobacco and tobacco products to various countries, now for the first time, the country is going to export...

SBP reserves jump $182m to stand at $8.46bn

The foreign exchange reserves held by the State Bank of Pakistan increased 2.2pc on a weekly basis, according to data released by the central...

AEDB reviews renewable energy policy draft

ISLAMABAD: The 45th board meeting of the Alternative Energy Development Board (AEDB) was held in Islamabad on Friday under the chairmanship of Power Division Minister...

Pakistan must mobilise tax revenue to ensure development: IMF

International Monetary Fund (IMF) spokesperson Gerry Rice has said that Pakistan needs to mobilise domestic tax revenue to fund the "much needed" social development. The...

Germany mulls shadow budget to circumvent strict debt rules

BERLIN: Germany is considering the creation of a “shadow budget” that would enable Berlin to boost public investment beyond the restrictions of constitutionally enshrined debt...

Interest rate remains unchanged at 13.25pc

Taking a pause from a series of hikes, the State Bank of Pakistan's on Monday left its main policy rate unchanged at 13.25pc. According to...

Pakistan to issue Sukuk, Eurobonds to raise over $1bn

ISLAMABAD: Pakistan has decided to raise over $1 billion from the international market through the issuance of Sukuk bonds in the next couple of months. The...

Cement prices surge to previous levels in Punjab

LAHORE: Cement prices, after witnessing a drop of almost 15pc during the last five months, have started reverting to the previous level in the northern...

Govt striving hard to rectify past economic blunders: Dawood

LAHORE: Adviser to Prime Minister on Commerce Abdul Razak Dawood said on Monday that 14pc rise in export and 18pc fall in imports in...

Multan-Sukkur Motorway opened to light traffic

The Multan-Sukkur Motorway has been opened to light traffic, Radio Pakistan reported on Friday. According to a statement issued by the Ministry of Communications, the...

Market Weekly: Rupee strengthens, PSX up 3.3pc

Positivity prevailed at the Pakistan Stock Exchange (PSX) in the outgoing week with the KSE-100 Index gaining 1,014 points or 3.3pc to settle at...

China expedites work on $1.7bn Matiari-Lahore transmission line

BEIJING: China has expedited its initial work on the Matiari-Lahore high-voltage direct transmission line project valued at $1.7 billion. To kick off the project, a...

Govt mulls establishing cottage business parks

ISLAMABAD: A proposal to set up cottage business and resident parks to promote small and medium businesses was tabled during a high-level meeting presided over...

Investors lament lack of facilities at SEZs

ISLAMABAD: Investors at the Bin Qasim Industrial Park and Korangi Creek Industrial Park have voiced against the absence of facilities at the Special Economic Zones...

Tax officials warned against abuse of power

ISLAMABAD: The Federal Board of Revenue (FBR) officials are defying their chairman's orders by continuing with raids on business premises. The tax department, through a...

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Bookings for Kia Picanto from next week

After introducing two of its vehicles in the Pakistani market, Kia Lucky Motors is all set to launch Kia Picanto for its customers. The company...

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Punjab mining officials booked over illegal extraction of gold from Indus...

LAHORE: The Punjab Anti-Corruption Department on Tuesday registered a case against Punjab Mines and Minerals Department officials and others for illegal extraction of gold worth...