Pakistan growth to hit eight-year low as IMF bailout looms
National Accounts Committee has forecast a mere 3.3pc growth in the current fiscal year against a projected target of 6.2pc
KARACHI:Â Pakistan's growth...
Remittances grow 8.4pc to $17.9bn in 10 months
The total amount remitted by overseas Pakistanis during the first 10 months of the fiscal year 2018-19 reached $17.89 billion, as compared...
PIA losses surge to Rs416bn, Senate told
ISLAMABAD:Â Aviation Minister Ghulam Sarwar Khan on Friday informed the Senate that losses incurred by the Pakistan International Airlines (PIA) have surged to...
PSX sheds another 171 points as investors await economic clarity
KARACHI:Â The Pakistan Stock Exchange (PSX) continued with its downward trend on Friday, as indices kept shedding gains amid thin turnover. Putting an...
UK economy expands on Brexit stockpiling
LONDON:Â Britain's economy grew by 0.5pc in the first quarter, boosted by companies stockpiling ahead of Brexit, official data showed on Friday.
Gross domestic...
U.S. hikes tariffs on Chinese goods, China says to strike back
WASHINGTON/BEIJING: U.S. President Donald Trump’s tariff increase to 25% on $200 billion worth of Chinese goods took effect on Friday, and Beijing said...
Pakistan, IMF close to sealing $7-8bn loan agreement
ISLAMABAD:Â The Pakistan Tehreek-e-Insaf (PTI) government and the International Monetary Fund (IMF) are likely to announce a staff-level agreement today (Friday), as the...
Trump says he would be happy to keep tariffs on Chinese imports
WASHINGTON: US President Donald Trump said on Wednesday he would be happy to keep tariffs on Chinese imports in place, adding that...
Pak-China trade collaborations to help uplift entire region: official
'China, Pakistan mulling to minimise the closure time of Khunjrab border'
ISLAMABAD:Â Communications Secretary Shoaib Ahmad Siddiqui has said that cooperation between Pakistan...
‘Foreign companies being encouraged to explore petroleum sector’
ISLAMABAD:Â Petroleum Minister Omar Ayub Khan said on Wednesday that the government was extending maximum facilitation to foreign companies so as to encourage...
FPCCI delegation visits USA, highlights economic potential of Pakistan
KARACHI:Â A thirty-member trade delegation of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and American-Pakistan Business Development Forum visited the...
Electricity, gas prices to be increased as govt accepts IMF demands
'The govt has also agreed to make NEPRA and OGRA autonomous bodies'
The federal government has accepted the International Monetary Fund's demand...
Govt urged to clear the air surrounding Shabbar Zaidi’s appointment
ISLAMABAD:Â Islamabad Chamber of Commerce and Industry (ICCI) on Wednesday urged the government to take strong measures to reduce tax gap in order...
PSX sinks further amid economic uncertainty, sheds 596 points
KARACHI:Â Bears took charge of the Pakistan Stock Exchange (PSX) once again on Wednesday, as indices continued to sink further amid lack of...
Pakistan’s exports to Western Europe increase to $2.56bn
ISLAMABAD:Â The country's exports to Western European countries have increased by 1.32pc to $2.56 billion in the first three quarters (July-March) of the...