Facilitation of exporters only way forward: Hammad Azhar
State minister says ill-conceived policies of the past govts had jeopardised the vibrant export industry of textile
LAHORE: Minister of State for...
Zubair highlights ‘failed govt policies’, laments rise in inflation
'Oil prices have gone down more than 20pc since PTI has come in power. Why then the doubling of inflation?'
Former Sindh...
Sri Lanka seeks $1 billion loan from China amid debt woes
A large chunk of Sri Lanka’s foreign debt is from China, which sees Sri Lanka as a key link in its transcontinental Belt and Road infrastructure initiative
Pakistan recorded non-resident equity flows of +$14 million in January: IIF
January exhibited a rebound in net non-resident portfolio flows to emerging markets and IIF estimates that EM securities attracted $51.1 billion of foreign capital in January, the highest level in twelve months
Speaker NA assures government’s support for revival of PIA
Speaking at an event arranged by PIA Officers Association here, Asad Qaiser said the commitment and vision were needed to achieve success, adding the present state of affairs of PIA was unfortunate
Edotco planning to invest $250 million in Pakistan over next five years
Chairman Edotco Group said the company wanted to become a partner in Digital Pakistan Programme
Pakistan inflation soars to 7.19% in January year-on-year
Rising liquefied natural gas and electricity prices, as well as a spike in tomatoes, garlic and medicine, were the main reason behind the January month-on-month inflation rise
Waiving taxes, duties on cotton imports to cost Rs29 billion to national exchequer: Report
This is in addition to an Rs25 billion gas subsidy extended to five zero-rated export-focused industries of which textile titans are the biggest beneficiaries
PIA incurs losses as half a dozen aircraft grounded: Report
Moreover, the state-owned airline is already losing millions every month under the ambit of rent of two grounded ATR aeroplanes which have been procured on dry lease
Govt jacks up property valuation rates by average 20%
This step will allow the government to rake an additional Rs5 billion in tax revenues in the last five months (Jan-Jun) of the current financial year 2018-19
China agrees to provide $2.5 billion loan to bolster foreign exchange reserves
This follows the previous $2 billion loan provided by China at the end of July last year to bolster foreign exchange reserves and it has come out as the country’s biggest economic rescuer in the past five years
PLL successfully arranges additional LNG cargoes for March and April
Four LNG cargoes will arrive here in Pakistan in March and five are scheduled for the month of April to meet the energy requirements
Total public debt & liabilities surpass Rs30 trillion: Finance Ministry
The composition of public debt in terms of maturity profile continued to exhibit unfavourable changes during 2017-18, as the government depended mainly on short-term domestic borrowing and most of the external loans were obtained through commercial sources
Factory activity shrinks across Asia as cooling China threatens global growth
The weak Purchasing Managers Index (PMI) readings reinforce expectations that central banks in Asia will put any further interest rate hikes on hold this year
Essential documentation ongoing for timely execution of TAPI pipeline project
The TAPI Pipeline Company Limited (TPCL), the consortium leader, has expressed the desire to hold an inaugural ceremony in March 2019, in Pakistan, inviting the head of states of all four countries