China tips into deflation as efforts to stoke recovery falter
China's consumer sector fell into deflation and factory-gate prices extended declines in July, as the world's second-largest economy struggled to revive demand...
ECC approves SME Assan Finance Scheme
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the SME Assan Finance Scheme in its session held on Tuesday....
New tax rates imposed on property transactions in Punjab
These changes underscore the govt's ongoing efforts to enhance revenue generation
Steel sector reels under strain of record high energy prices
ISLAMABAD: Large steel producers in Pakistan have issued a dire warning as electricity and petrol prices continue to skyrocket, pushing the steel...
Banks to face 10% Super Tax on incomes over Rs300mn
ISLAMABAD: Banks will now have to pay a 10 percent Super Tax if their earnings go beyond Rs. 300 million. The Federal...
Fitch cuts US credit rating to AA+; Treasury calls it ‘arbitrary’
Rating agency Fitch on Tuesday downgraded the U.S. government's top credit rating, a move that drew an angry response from the White...
Top leadership eyes mining potential
First ever mineral summit hosted in Islamabad as the govt eyes new investment.
Exclusive: China asks some banks to reduce or delay dollar buying to ease pressure on yuan -sources
China's currency regulators have in recent weeks asked some commercial banks to reduce or delay their dollar purchases, two people with direct...
Six MoUs signed during Vice-Premier He Lifeng’s visit. What do they entail?
MoU on Strengthening Workers' Exchange Programme was signed between the All-China Federation of Trade Unions (ACFTU) and BoI, Pakistan
State Bank of Pakistan holds policy rate steady at 22pc
KARACHI: The State Bank of Pakistan (SBP) has made the decision to maintain the policy rate at 22 percent. This announcement was...
KSE-100 index surges past 48,000 mark in almost two years
KARACHI: On Monday, the Pakistan Stock Exchange's key KSE-100 index surpassed the 48,000 level for the first time in nearly two years,...
SBP likely to yield to IMF demands, raising interest rates again
KARACHI: According to analysts, the central bank of Pakistan is likely to raise its key interest rate again in response to persistently...
Global central banks begin policy shift as inflation cools
Top central banks continued with another round of interest rate hikes this week despite cooling inflation, but have now switched to a...
China rolls over $2.4bn loan to Pakistan
ISLAMABAD: EXIM Bank of China has rolled over its loan of $2.4 billion with Pakistan for two years to strengthen Islamabad’s foreign...
ECNEC approves component of the WB funded PRR Project, worth $80mn to enhance tax to GDP ratio
ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) has approved “Investment Project Financing” (IPF) component of “Pakistan Raises Revenue Project”...