SBP raises interest rate by 100bps to 13.25pc
--SBP governor says decision taken keeping in view upside inflationary pressures from exchange rate depreciation
KARACHI: The State Bank of Pakistan...
ECNEC approves cost revision for Dasu project’s land acquisition
ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) on Monday approved ‘Dasu Hydropower Project (stage 1) revision of cost for...
Govt mulls viable policy to ensure competitive rates of cotton for textile sector
ISLAMABAD: An Inter-Ministerial Meeting (IMM) on cotton was held in the Commerce Division on Monday to deliberate upon the issues pertaining to...
SBP calls for deep-rooted structural reforms to ensure economic stability
--'Govt's policy measures affected the performance of industrial sector and dampened manufacturing activities in FY19'
While Pakistan’s economy moved along the
stabilization phase led...
Govt to lay foundation stone of Lai Expressway soon: minister
RAWALPINDI: Railways Minister Sheikh Rasheed Ahmed said on Monday that the government would lay the foundation stone of Lai Expressway soon, as...
FBR’s revenues to surge to Rs10.5tr by 2023-24: IMF
--'Rapid growth of tax revenues will be ensured through policy measures committed by Pakistani authorities'
ISLAMABAD: The International Monetary Fund (IMF) has...
Sri Lanka keen to enhance trade ties with Pakistan: envoy
LAHORE: The Lahore Chamber of Commerce & Industry (LCCI), in collaboration with the Sri Lankan High Commission, organised a 'catalogue show' at...
KSE-100 nosedives on economic jitters ahead of SBP policy meeting
--Index sheds 714 points as investors remain cautious due to uncertainty surrounding the monetary policy
KARACHI: The Pakistan Stock Exchange (PSX) portrayed...
China posts slowest economic growth in 27 years
BEIJING: China’s economic growth slowed to 6.2pc in the second quarter, its weakest pace in at least 27 years, as demand at...
Traders warn govt of dire consequences if demands not met
--'We are mulling to hold a march to the FBR’s office, a possible sit-in or a shutter down strike for an indefinite...
Traders shut down markets across Pakistan
--Most businesses remain shut in Lahore, Karachi, Peshawar and Quetta in protest against ‘unfair’ taxes levied by govt
LAHORE/KARACHI/ISLAMABAD: A countrywide shutter-down strike was...
China eyes Gilgit-Baltistan for cherry imports
--A delegation of Chinese quarantine experts and govt officials recently visited GB to check the farm-to-market quality of Pakistani cherry
BEIJING: China has...
FBR chief rejects rumours, says no tax imposed on edible items
ISLAMABAD: Federal Board of Revenue (FBR) Chairman Shabbar Zaidi said on Friday that no tax has been imposed on edible items, including...
SBP to announce new monetary policy on 16th
The State Bank of Pakistan (SBP) will announce
its new monetary policy on July 16th (Tuesday).
The Monetary Policy Committee of SBP is
scheduled to...
Indonesian investors to visit Pakistan next month: envoy
SIALKOT: Indonesian Ambassador to Pakistan Iwan Suyudhie Amri said on Friday a high-level trade delegation from Indonesia would visit Pakistan next month...