Minister admits to slashing of CPEC funds
Planning minister says Rs24bn were diverted to uplift projects from several heads, including CPEC
ISLAMABAD: Planning Minister Khusro Bakhtiyar on Friday admitted to...
Illegal jetties causing annual loss of Rs5bn to national exchequer
'Owing to lack of surveillance, these jetties are being used for smuggling of goods, fishes, fuel and even drugs to and...
Stock market gains 550 points as investor confidence improves
Overall trading volumes improved by 32pc and were recorded at 189.15m
KARACHI: After few early bumps, the Pakistan Stock Exchange managed to stand...
Asad Umar meets ADB, WB officials in Washington
ISLAMABAD: A Pakistani delegation, led by Finance Minister Asad Umar, met with the representatives of Asian Development Bank (ADB), World Bank (WB) as...
‘Next budget to be made in light of IMF programme’
A staff level mission will be visiting Pakistan this month to finalise the Memorandum of Economic and Financial Policies, which will...
CCP imposes hefty fine on 18 electric cable manufacturers
ISLAMABAD: The Competition Commission of Pakistan (CCP) on Thursday imposed a penalty of Rs18 million on 18 electric cable manufacturers for violating Section...
SBP reserves decrease by $220m, stand at $10.27bn
KARACHI: The total liquid foreign reserves of the country stand at $17.228 billion, said the State Bank of Pakistan (SBP).
According to the SBP's...
Pakistan offers 52 Super Mushak aircraft to Turkey
ISLAMABAD: Pakistan has offered 52 Super Mushak Aircraft to Turkey under the Pak-Turk Strategic Economic Framework (SEF).
According to sources, the prime minister recently...
PM assures maximum facilitation of Chinese companies in Pakistan
ISLAMABAD: Prime Minister Imran Khan said on Thursday that the government accorded top priority to the China-Pakistan Economic Corridor (CPEC), as it would...
Sustained efforts required for Pakistan’s economic revival: Dawood
LAHORE: Prime Minister's Advisor on Commerce Abdul Razak Dawood said that Pakistan was ready to take its economy forward but the task required...
UAE’s Mubadala Petroleum mulls further expansion in Pakistan
ISLAMABAD: Mubadala Petroleum, an international oil and gas company based in the UAE, has expressed a keen interest in further strengthening its foothold...
Negotiations on Pak-Turkey FTA to conclude in June
'Pakistan and Turkey can increase bilateral trade from the existing $598m to $6bn in the near term'
ISLAMABAD: Negotiations on the Free Trade Agreement...
Services trade deficit shrinks 36.54pc in eight months FY19
ISLAMABAD: The country's services trade deficit narrowed by 36.54pc during the first eight months of the current fiscal year as compared to...
KSE-100 manages to close in green despite early tremors
KARACHI: After taking a hammering in the previous session, the Pakistan Stock Exchange (PSX) managed to close Thursday's session in the green.
Foreign...
‘US, China agree to establish trade deal enforcement offices’
WASHINGTON: US Treasury Secretary Steven Mnuchin said on Wednesday that US-China trade talks continue to make progress and the two sides have basically...