SBP reserves increase $56m to stand at $7.8bn

The foreign exchange reserves held by the central bank increased 0.72pc on a weekly basis, according to data released by the State Bank of...

Foreign investment surges 137pc in 1Q FY20

Total foreign investment into the country jumped by 137pc, or $512 million, in the first three months of the financial year 2019-20, the State...

Govt to establish Customs Authority to curb smuggling

ISLAMABAD: The government has decided to establish a Customs Authority, besides developing a pool to collect data and information regarding smuggling and similar mechanisms, to...

FPCCI lauds govt for establishing CPEC Authority

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has hailed Prime Minister Imran Khan for establishing the China Pakistan Economic Corridor (CPEC)...

Exporters urged to tap China’s gemstone market

LAHORE: Pakistan-China Joint Chambers of Commerce and Industry (PCJCCI) President Zarak Khan said on Thursday that Pakistan has the potential to export quality gemstones and...

IMF team stresses ‘simpler taxation system’ in Pakistan

ISLAMABAD: A technical mission of the International Monetary Fund (IMF), which previously held meetings with the officials of Federal Board of Revenue (FBR) and...

CDWP approves nine projects worth Rs40bn

The Central Development Working Party (CDWP) has approved nine projects worth Rs40 billion and recommended two projects worth Rs55.5 billion to the Executive Committee...

Imran launches Rs100bn youth loan project

ISLAMABAD: Prime Minister Imran Khan on Thursday launched the first phase of the "Kamyab Jawan Programme" to provide technical and financial assistance to the...

Bears return as KSE-100 sheds 382 points 

KARACHI: Optimistic sentiments at the Pakistan Stock Exchange (PSX) proved to be short-lived as the indices dragged the index below the 34,000 mark on Thursday....

Pakistan’s debt to surge to over 78pc of GDP: IMF

The International Monetary Fund (IMF) on Wednesday has said Pakistan’s public debt may rise this year to 78.6pc of the total size of its...

Committee formed to probe irregularities in IESCO

ISLAMABAD: After receiving a large number of complaints, the Ministry of Energy (Power Division) secretary has constituted a four-member committee to probe into the...

Uniform rate for kinnow to jeopardise exports: PFVA

ISLAMABAD: The Punjab government (Sargodha Division), while abolishing the classification of Kinnow as per its quality, has fixed a uniform rate of Rs1,000 per mound...

PM irked as ministries fail to comply with cabinet’s directives

ISLAMABAD: Certain ministries and divisions have been allegedly turning a deaf ear to the important directives of the federal cabinet and in this regard, the...

Pakistan, Egypt form joint working group on trade

ISLAMABAD: The Ministry of Commerce organised a Pakistan-Egypt Trade Conference in Islamabad. It was the first of a series of such conferences planned with African...

PTCL posts double-digit growth in net revenue

Pakistan Telecommunication Company Limited (PTCL) on Wednesday announced its financial results for the first nine months of 2019. PTCL's revenue for the nine months has...

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FBR extends deadline to file tax returns

The Federal Board of Revenue (FBR) on Friday extended the last date for submission of sales tax and federal excise duty for the tax...

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