Debt servicing a biggest challenge on expenditures front in upcoming budget
The disbursement of foreign loans has so far remained slow during the current fiscal year, but the reliance on foreign debts is on the rise owing to external account gap.
Govt earmarks Rs60bn for highway projects
The government of Pakistan has decided to undertake several highway projects with an estimated cost of Rs60 billion on a build, operate and transfer (BOT) basis
Rare earths: The latest weapon in the US-China trade war
BEIJING: They are used in everything from lightbulbs to guided missiles, but with China controlling 95 per cent of the world's supply...
EDB opposes relaxation for importers of used cars
'Facilitation of importers will undermine the expected investment plan of $3.2bn in the auto sector'
ISLAMABAD:Â As the government was mulling to withdraw...
PIA to resume flights between Beijing and Tokyo
The Pakistan International Airlines (PIA) will resume flight operations between Chinese and Japanese capitals, Beijing and Tokyo, from May 30 in order...
ECC likely to approve Stock Market Support Fund tomorrow
ISLAMABAD:Â Amidst uncertainty in the performance of the stock market and Pakistani Rupee, the Economic Coordination Committee (ECC) of the Cabinet is likely...
‘Import of cheap RON fuel will retrograde motorcycle industry’
PAMA says govt's proposal to import cheap RON fuel will result in the rollback of all efforts and investments made to...
NEC approves 4pc GDP growth target for next fiscal year
PM stresses need for complete understanding and coordination between federal and provincial govts
ISLAMABAD:Â The meeting of the National Economic Council (NEC), chaired...
PSX gains over 1,000 points as market sentiment improves
KARACHI:Â Stocks staged a rally on Wednesday with the KSE-100 index benchmark gaining over 1,000 points intraday.
Positive sentiments prevailed at the exchange following...
Up to 41pc increase in airfare ahead of Eid
Two-way ticket from Lahore to Karachi is being sold up to Rs39,500 from the previous Rs28,000
The Pakistan International Airlines (PIA) and...
Govt to present budget on June 11
'Budget aims to stabilise economy, manage external deficit by decreasing imports, reduce fiscal deficit through revenue mobilisation and expenditure control'
ISLAMABAD: Amid...
Govt likely to jack up petrol price by Rs9 before Eid: report
The government is likely to increase the prices of petroleum products by as much as Rs12 per litre from June 1st.
The Oil...
Govt mulling to introduce stringent anti-tobacco reforms
'There will be no place for merchants of death in Naya Pakistan'
ISLAMABAD:Â Prime Minister's Focal Person for Polio Eradication and Tobacco Control...
Govt urged to discourage import of used cars
ISLAMABAD:Â Pakistan Automotive Manufacturers' Association (PAMA) and Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) have warned the government that any move...
US Dollar gains strength, reaches Rs151 in interbank market
The US dollar on Tuesday reached the Rs151 mark in the interbank market, with the rupee falling by Rs1.40.
In the open market,...