PM reaffirms govt’s commitment to facilitate foreign investors

ISLAMABAD: Prime Minister Imran Khan reiterated on Tuesday said that the government is committed to providing an enabling environment to all the investors so that...

IMF warns storm clouds gathering for global economy

LONDON: One of the International Monetary Fund’s top officials warned on Tuesday that storm clouds were gathering over the global economy and that governments and...

Govt released Rs240.8m under PSDP to facilitate industrial sector

ISLAMABAD: The government has so far released Rs240.890 million for various developmental projects of Ministry of Industries and Production under its Public Sector Development Programme...

Trade deficit declines 0.3% YoY to $2.78 billion in November

On a month-on-month (MoM) basis, trade deficit recorded a decline of 5.3% to $2.78 billion from $2.94 billion in October 2018

No duty payable on phones being used on roaming for less than thirty days: Azhar

For these phones to be registered, Mr Azhar said it can be done at either the airports or in any of the Customs houses across the country and phones aren’t detained during the process of registration/duty payments

Hubco completes acquisition of 37% stake in ThalNova

In April 2016, ThalNova had been granted a power generation licence for establishing a 330-megawatt coal-fired power plant at Thar coal mine south, Sindh

Overseas Pakistanis liable to pay tax on bringing more than one mobile phone : Chaudhary

Chaudhary said a 38% duty will be levied on costlier mobile phones

Over $15 billion remittances being sent via Hundi

Bukhari said they had introduced biometric verification system to ensure better communication between the ministry and the Pakistani diaspora working abroad

Govt dismisses demand to provide Rs6.6 billion subsidy on local sugar sale

Another request of the sugar industry to permit state-owned Trading Corporation of Pakistan (TCP) to procure 20,000 tons of sugar from the millers was also rejected by the government

WB rescinds $250 million loan for climate change and disaster risk

Both sides were unable to reach a consensus on a new macroeconomic framework

Pakistan diaspora bond likely to be launched within a month

Due to delays in securing a bailout package from the International Monetary Fund (IMF), the issuance of Eurobonds has been put on hold

Japanese businessmen invited to explore trade opportunities in Pakistan

ISLAMABAD: Advisor to the Prime Minister on Commerce and Trade Abdul Razak Dawood on Monday underscored the importance of furthering trade and investment relations...

Govt pays $10.038m as commitment charges for not utilising loans

ISLAMABAD: The government paid $10.038 million as commitment charges to multilateral institutions for not utilising the sanctioned loans earmarked for different projects during the last...

Pakistan, China agree to explore new avenues under CPEC

ISLAMABAD: Pakistan and China on Monday agreed to expand China Pakistan Economic Corridor (CPEC) to new areas of cooperation in line with the vision of...

Overseas Pakistanis remit $9.02bn in five months of FY19

KARACHI: Overseas Pakistani workers remitted $9.028 billion in the first five months (July to November) of fiscal year 2018-19, showing a growth of 12.56 per...

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PM likely to sack entire economic squad

Finance Minister Asad Umar, FBR chairman, SBP governor expected to be sent packing Energy minister Omar Ayyub likely to head finance ministry Finance...

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Cabinet to fill vacant slot of Port Qasim Authority chairman soon

ISLAMABAD: The federal cabinet, while approving a stop-gap arrangement to run the affairs of Port Qasim Authority (PQA), has decided to fill the vacant slot...