Dollar continues to weaken, reaches Rs148.5 in open market
The rupee continued to gain strength in the currency market on Friday as the value of the US dollar slid in the...
Former Chinese officials warn of lengthy trade war
BEIJING:Â Former Chinese officials railed Friday against US "bullying" and "containment" policies at a forum on US-China economic relations, with a dire warning...
CDWP refers four mega projects worth Rs237bn to ECNECÂ
ISLAMABAD:Â The meeting of the Central Development Working Party (CDWP), held under the chairmanship of Planning, Development & Reform Minister and Planning Commission...
US inflation picks up in April, spending slows
WASHINGTON: US consumer prices increased in April, which could support the Federal Reserve’s contention that recent low inflation readings were transitory and allow...
ECC okays Rs20bn sovereign guarantee to stabilise stock market
ISLAMABAD:Â The Economic Coordination Committee (ECC) of the Cabinet on Thursday approved the Finance Division proposal regarding the issuance of a sovereign guarantee...
Banks assure complete cooperation to FBRÂ
The chief finance officers (CFOs) of all commercial banks have assured complete cooperation to the Federal Board of Revenue chairman.
All the chief...
Pakistan’s biggest pharma deal in advanced talks: report
Businessman Munis Abdulla to purchase one of OBS Group's pharmaceutical operations for a reported sum of Rs11bn
Pakistan's OBS Group is in...
Pakistan’s exports increased in quantitative term: Dawood
'Export in dollar terms could not go up and remained stagnant at the previous year's level'
ISLAMABAD:Â Pakistan's garments, knitwear, cement, food and...
FPCCI expresses concern over decline in foreign investments
'Foreign investors are reluctant to invest in Pakistan due to economic uncertainty, infrastructural backwardness and other bureaucratic hurdles'
Federation of Pakistan Chambers...
US Dollar down to Rs148.7 in interbank market
The Pakistani Rupee gained some strength in the money market as the value of the US Dollar on Thursday further decreased by...
India’s economy seen limping behind China as Modi begins second term
NEW DELHI:Â India probably lost its spot as the fastest growing major economy to China in the January-March quarter as a chill in...
Pakistan, Japan discuss ways to enhance bilateral trade
ISLAMABAD:Â Pakistan and Japan on Thursday discussed ways and means to further promote economic and trade relations between the two countries.
Ambassador of Japan...
Malaysian PM proposes common Asia trading currency
TOKYO:Â East Asia should consider a common regional trading currency based on gold to promote commerce, and free the region from relying on...
Hafeez Shaikh vows investor facilitation in upcoming budget
ISLAMABAD:Â Adviser to Prime Minister on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh said on Thursday the proposals of all business...
PSX falls flat after volatile session
KARACHI:Â The Pakistan Stock Exchange (PSX) managed to close a volatile trading session on Thursday in the green zone. The indices that opened...