China unveils rate reform to steer funding costs lower for firms

BEIJING: China’s central bank unveiled a key interest rate reform on Saturday to help steer borrowing costs lower for companies and support a slowing economy...

Production of light commercial vehicles drops 16.19pc

ISLAMABAD: The production of light commercial vehicles (LCVs) witnessed a decrease of 16.19pc during the first eleven months of the fiscal year 2018-19, as against...

Pharmaceuticals may turn to Chinese raw material as tensions with India soar

Pakistan has formulated a strategy to deal with any crisis arising out of an embargo on the import of raw material supplied by India...

SBP reserves jump $535m to $8.26bn

ISLAMABAD: After receiving inflows of $500 million from the Asian Development Bank (ADB), the country's total liquid foreign reserves stood at $15,577 million as on...

ADB approves $25m loan to expand women’s access to credit in Pakistan

ISLAMABAD: The Asian Development Bank (ADB) has approved a $25 million syndicated loan to support the lending operations of Kashf Foundation, one of Pakistan's leading...

Trade deficit shrinks 29pc in July

The trade deficit has contracted by 29pc in the first month of this fiscal year, with the government claiming this fall represents their move...

Dollar surges to Rs158.9, gold reaches Rs88,400 per tola

The US Dollar gained 51 paisa in the interbank market and was traded at Rs158.95 when compared to the last closing of Rs158.44, State...

FBR issues notices to 3,950 non-filers in Lahore

LAHORE: The Federal Board of Revenue's Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their assets despite...

Power sector witnesses Rs121bn increase in revenues

'Govt envisions increasing the share of renewable energy to 20pc by 2025' ISLAMABAD: The power sector revenues have witnessed a significant increase of Rs121 billion...

Indonesia president proposes $178bn budget for 2020 with focus on education

JAKARTA: Indonesian President Joko Widodo on Friday proposed a 2,528.8 trillion rupiah ($177.56 billion) budget to parliament for 2020, focusing spending on human resources, which...

PSX bleeds on first day after Eid

KARACHI: Amid rising border tensions, indices at the Pakistan Stock Exchange (PSX) recorded fresh lows on Friday, with the KSE-100 Index ending the only...

Weekly SPI inflation increases 1.23pc

ISLAMABAD: The weekly inflation for the week ended on August 8 witnessed an increase of 1.23pc for the combined income group, as compared to the...

Standard Chartered expects lower inflation, no further hike in policy rate

The State Bank of Pakistan (SBP) has delivered broadly in line with the Standard Chartered Bank's expectations so far in the current tightening cycle. In...

Govt to finally table Geographical Indication Bill in NA

The government has finally decided to table Geographical Indication (GI) Bill in the National Assembly to protect ownership rights of goods produced in the...

TCC steps up efforts for $6bn claim in Reqo Diq case

The Australia-incorporated Tethyan Copper Company has approached a court in the United States for enforcement of $6 billion penalty which was imposed on Pakistan...

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FBR issues notices to 3,950 non-filers in Lahore

LAHORE: The Federal Board of Revenue's Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their assets despite...

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India proposes ban on e-cigarettes, with jail terms for offenders

NEW DELHI: India’s health ministry has proposed a ban on the production and import of electronic cigarettes, documents seen by Reuters showed, potentially jeopardizing...

PIA hikes UAE fares