Asad Umar hits back at critics, says emergency measures need of the hour
– 'Fake news reports are being circulated so that more investors park their money in foreign currency instead of stocks'
– 'Going forward,...
ECC approves Rs500m for Torkham-Jalalabad Road
ISLAMABAD:Â The Economic Coordination Committee (ECC) on Monday approved the Communication Division's proposal of providing a technical supplementary grant of Rs500 million for...
PSX plunges 600 points as fears for economy rise
KARACHI:Â The Pakistan Stock Exchange (PSX) started the week on a negative note with bears in the lead once again. The KSE 100...
Centre complains about provinces’ failure to generate revenue
ISLAMABAD:Â As the provincial governments are reluctant to share the burden of federal expenditures, the Centre has complained about the revenue targets missed...
Power sector payables reach Rs807bn
ISLAMABAD:Â Despite the incumbent government's efforts to increase the power sector collection, the payables of the sector reached Rs807 billion as of December...
Govt adopting prudent policies to address economic woes: minister
RAWALPINDI: Petroleum Minister Ghulam Sarwar Khan said on Saturday that the Pakistan Tehreek-e-Insaf (PTI) government was adopting prudent policies to put the country’s...
G20 must tackle root causes of trade tensions that threaten growth: EU
BUCHAREST: The European Union will tell a meeting of finance leaders from the world's 20 biggest economies next week that they must...
SBP reserves surge $1.9bn, stand at $10.5bn
The foreign exchange reserves held by the central bank surged 22.56pc on a weekly basis, according to data released by the State...
India’s central bank cuts rates a week before elections
Though inflation remains subdued, falling farm incomes and record high unemployment are seen hampering Modi's prospects going into the polls
MUMBAI:...
Moot discusses practical measures to uplift tourism sector
Experts stress need for professional services, availability of guides and provision of security infrastructure to facilitate foreign tourists
ISLAMABAD:Â One of the...
Dawood reviews EODB reforms, stresses close liaison between Centre, provinces
ISLAMABAD:Â Advisor to Prime Minister on Commerce Abdul Razak Dawood on Thursday chaired a high-level meeting to review the reforms undertaken by the...
FBR selects 14,154 cases for audit
Senate Chairman Sadiq Sanjrani, PTI MNA Arbab Amir Yaqoob and PPP MPA Ali Nawaz Khan Mahar also got selected for audit...
MoF to amend Foreign Exchange Regulations Act
ISLAMABAD:Â The Ministry of Finance has proposed to amend the Foreign Exchange Regulations Act (FERA) 1947 by introducing a bill 'FER (Amendment) Act...
PPRA asked to ensure quality of construction material
Ministry observes that public organisations are using unlicensed and substandard products without ensuring quality and monitoring process
ISLAMABAD:Â As the government wishes to...
SECP appoints registrar for Secured Transactions Registry
Housed at the SECP head office, the registry will facilitate small-scale borrowers in obtaining secured credit from formal financial institutions
ISLAMABAD:Â In the...