Malaysia to cancel $20 billion China-backed rail project: minister
Mohamed Azmin Ali said at a media event that the project’s cost was too great, while also giving an assurance that Malaysia would welcome investment from China on a case by case basis
Pakistan Banao Certificate targeting overseas Pakistani’s to be launched on 31st January
According to details shared by the Finance Minister Asad Umar, the certificates would be of two types, one of three years offering 6.25% return and the other with five-year maturity offering 6.75% return
Govt to announce medium-term economic framework in coming week: Hammad Azhar
BoI Chairman shared the government had already decreased the total number of taxes from 47 to 16 and plans to further reduce it down to a single tax
Directorate general of transfer pricing set to be disbanded
The Directorate was unable to appoint its director general and other staff and consequently, entities refused to share a country-by-country record of their businesses with the tax regulator
Pakistan making last attempts to seek out of court settlement in Reko Diq case: Report
The decision had gone in favour of Tethyan Copper Company (TCC) — a joint venture between Antofagasta of Chile and Barrick Gold Corporation of Canada — which filed the case in 2011 claiming that Pakistan had unlawfully denied a mining lease
Pakistan’s economy expanding compared to Japan, says diplomat
The seasoned diplomat said the advantage of a huge youth population provided Pakistan with an opportunity to make economic leaps
Economic reforms package to help boost exports, trade and investment
Hammad Azhar said the economic reforms package is aimed at attracting investment, assisting agriculture, and promoting the industrial sector
Wall Street surges on upbeat earnings, hopes of end to govt shutdown
US stocks surged on Friday, as upbeat earnings reports helped investors put aside growth worries, with hopes of a resolution to the...
China to step up economic stimulus in slowdown fight
BEIJING: China will take steps to spur growth amid a trade war with the United States, but there is limited room for...
China to pursue BRI in ‘spirit of mutual benefit’
'By the end of 2018, 269 of the 279 outcomes of the first Belt and Road Forum have been realised or turned...
IT entrepreneurs urge govt to establish ‘tech zone’ in IslamabadÂ
'Inclusion of private sector in Pakistan Software Export Promotion Board imperative to improve its performance'
ISLAMABAD: Entrepreneurs from the IT sector have urged...
Domestic security improvements will spur business & investment activity in Pakistan: Fitch
The gross financing requirements remain high, notwithstanding a fall in current account deficit as sovereign debt service will grow to $7-9 billion a year over the next three years, said Fitch Ratings
‘Friendly govt policies attracting foreign investments’
MIRPUR KHAS:Â As the incumbent government has introduced fruitful and friendly policies under the dynamic leadership of Prime Minister Imran Khan, foreign investors...
PSX fails to sustain gains, closes in red
KARACHI: Failing to sustain the gains made in previous session, the Pakistan Stock Exchange (PSX) ended the last session of the week in red.
Indices...
Is the mini-budget a ruse?
Measures announced in the mini-budget, the confusing stance regarding approaching the IMF could weigh heavily on the government's ability to tackle the issues threatening the economy