Trade deficit plummets 9.66% to $19.264 billion in July-January FY19
Ministry of Commerce said interventions of the ministry to effectively control the fast-widening trade deficit have started delivering positive results
Asad Umar says striving hard to bring Paypal to Pakistan
Finance minister says apart from inviting PayPal, he is working on another online payment system, AliPay.
PESHAWAR: Finance Minister Asad Umar said...
Industrialists seek further cut of Rs100bn in GIDC
ISLAMABAD: The industrialists have urged the finance ministry to ensure further Rs100 billion cut in the head Gas Infrastructure Development Cess (GIDC), it...
Balochistan received Rs23.9bn oil and gas royalty in five years
ISLAMABAD: Balochistan has been given Rs23.9 billion royalty on account of oil and gas during the last five years.
According to the official...
Govt urged to address confusions surrounding Pakistan Banao Certificates
‘Govt should have organised road shows in different countries before launching the certificates’
ISLAMABAD: Although the government expects over $1 billion foreign investment...
Overseas Pakistani’s remit $12.774 billion in first seven months of FY19
During January 2019, the inflow of workers’ remittances amounted to $1743.25 million, which is 0.3% lower than December 2018 and 6.4% higher than January 2018
Govt likely to change licence criteria for oil marketing companies
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is likely to approve a new criterion for issuance of petroleum products marketing licence.
The...
Mohmand Dam to be completed within five years, Senate told
'The proposed completion time was five years and eight months'
ISLAMABAD: Mohmand Dam will be completed within five years' time, as the latest...
PepsiCo mulls investing $1bn in Pakistan
PepsiCo plans to invest in a potato unit in Multan and the company wants Prime Minister Imran Khan to inaugurate it
ISLAMABAD: PepsiCo...
Energy sector reforms imperative for economic sustainability: Sarwar
--Minister says existing oil refineries will have to reconfigure themselves in order to reduce the production of furnace oil
--says prices offered to...
Qatar revamps investment strategy after Kushner building bailout
LONDON: When news emerged that Qatar may have unwittingly helped bail out a New York skyscraper owned by the family of Jared...
Banks’ deposits grow 8.79pc in January
ISLAMABAD: The bank deposits of scheduled banks have surged by 8.79pc, as it increased from Rs12,002,239 million in January 2018 to Rs13,057,570 million...
1,317 new companies registered in January
ISLAMABAD: The Securities and Exchange Commission of Pakistan in January registered 1,317 new companies.
As compared to the corresponding month of the last financial year,...
PSX fails to sustain gains, plummets 560 points
Commercial banking sector lost 1.82pc from its total market capitalisation following a report regarding change in its outlook
KARACHI: Failing to sustain...
UK economy slowest since 2012, as Brexit and global worries weigh
LONDON: Britain’s economy slowed sharply in late 2018, pushing full-year growth to its weakest in six years as Brexit worries hammered investment...