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Economy

    Pakistan, South Korea sign framework arrangement worth $500m

    Under the arrangement, South Korea will provide long-term concessional financing for the execution of various development projects in Pakistan ISLAMABAD: Adviser to Prime...

    LHC sets aside FBR’s suo motu powers to collect sales tax

    'FBR cannot collect sales tax from any businessperson without registering him/her' LAHORE: The Lahore High Court (LHC) has set aside the suo moto...

    HBL’s profit increases 14pc to Rs8.4bn in 1st quarter 2019

    HBL on Wednesday declared a consolidated profit after tax (PAT) of Rs3.2 billion with earnings per share of Rs2.08 for the first...

    Respite for PSX as index closes 100 points higher

    KARACHI: The Pakistan Stock Exchange (PSX) changed its direction on Wednesday, as indices managed to recover losses from the preceding session. Foreign investors...

    Enhanced Indian duties hampering Pakistani exports, NA told

    ISLAMABAD: Parliamentary Secretary for Commerce Shandana Gulzar Khan on Wednesday informed the National Assembly that Pakistan's exports to India had shrunk significantly following...

    Govt urged to facilitate gemstone sector

    Owing to the non-availability of a safe and guaranteed space, investors hesitate to invest in this sector ISLAMABAD: All Pakistan Commercial Exporters Association...

    Current account deficit may shrink to $7bn in FY19: APTMA

    The All Pakistan Textile Mills Association (APTMA) Patron-in-Chief Gohar Ejaz has expressed hope that the current account deficit would be down to...

    Economic revival, trade facilitation among govt’s top priorities: president

    KARACHI: President Dr Arif Alvi said on Tuesday that revival of the country’s economy was the topmost priority of the present government. Talking to...

    ‘Rs51bn recovered from power sector in four months’

    ISLAMABAD: Power Division Minister Omer Ayub Khan said on Tuesday that recovery in the power sector has witnessed an overall increase of Rs51...

    CDWP clears two projects worth Rs17.2bn

    ISLAMABAD: The Central Development Working Party (CDWP) on Tuesday accorded approval to a project worth Rs202.412 million and recommended a project worth Rs17...

    Amnesty scheme delayed for more deliberations

    Finance adviser asks FBR to revisit the plan and make it more transparent for the public ISLAMABAD: Adviser to Prime Minister on Finance,...

    Cement exports rise 33pc in nine months

    The country's merchandise trade deficit plunged by 13.02pc during July-March 2018-19 ISLAMABAD: The exports of cement from the country witnessed an increase of...

    FTA with China to help boost Pakistan’s textile exports: Dawood

    'Pakistan will avail duty-free market share from China, equivalent to the share enjoyed by the Association of East Asian Nations' ISLAMABAD: Adviser to...

    PSX continues to bleed, sheds 497 points

    KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed another turbulent session on Tuesday, as indices continued to bleed all day long. Foreign...

    Proposed amnesty scheme to allow liquidation of foreign assets

    ISLAMABAD: Foreign assets can be liquidated and repatriated to Pakistan if they are deposited into a bank account or invested in Pakistan Banao...
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