At Davos, China slowdown is ‘no disaster’
DAVOS: The slowdown in Chinese growth has become the latest looming cloud over the global economy, but at the World Economic Forum...
Pakistan turns to Gulf countries to keep economy afloat
Saudi Arabia and its ally, the United Arab Emirates, have offered Pakistan over $30 billion in loans and investments, with Saudi Crown...
Govt prepares new budget amid balance of payments squeeze
'This is not just about taxation measures, it is about encouraging investment, whether in the stock exchange, industry, financial sector or...
Agriculture sector may get Rs35bn subsidy in mini-budget
Planning ministry has approved a subsidy of Rs405 per urea bag and proposed the same for the federal cabinet’s approval
ISLAMABAD: The agriculture...
Govt takes Rs20.5bn French loan to complete Peshawar metro project
ISLAMABAD: The French embassy in Islamabad on Tuesday announced that it was extending a Rs 20.5 billion (Euro 130 million) loan to the...
‘Sibi-Harnai railway route to be opened in three months’
The route was closed after militants blew up ten bridges in 2006
ISLAMABAD: Railways Minister Sheikh Rasheed Ahmed said on Tuesday that concrete...
UAE signs $3bn support package for Pakistan
'The directive to deposit $3bn with SBP aligns with the UAE leadership’s keenness to bolster Pakistan’s economy'
Pakistan and the United Arab...
PSX gains 358 points on mini-budget optimism
Index has surged by 5.02pc since Jan 1
KARACHI: The Pakistan Stock Exchange (PSX) piled up gains for another session as the prime...
Pakistan, UAE to reach agreement on $3 billion support package today
Earlier this month, UAE’s crown prince Sheikh Mohammed bin Zayed Al Nahyan paid a flying visit to Islamabad and affirmed a $3 billion bailout package announced last month
China’s fourth quarter GDP growth dented by services, agriculture despite construction rebound
Services grew 7.4 percent from a year earlier, slowing from 7.9 percent in the third quarter, while growth in agriculture slowed to 3.5 percent from 3.6 percent, the National Bureau of Statistics (NBS) said
Mini-budget expected to announce incentives to bolster capital markets
As per an official, over-regulation of brokers would be controlled to facilitate equity investments
Govt could scrap regulatory duties on 150 items in mini-budget: Report
The government is going to provide an exemption of income tax for the banking sector on providing loans for low-cost housing in the country via the upcoming supplementary finance bill
IMF cuts Pakistan, region growth forecast to 2.4% for 2019
“Growth in the Middle East, North Africa, Afghanistan, and Pakistan region is expected to remain subdued at 2.4 percent in 2019 before recovering to about 3 percent in 2020,” the global lender said in its World Economic Outlook update for January.
PM expected to request Qatar for supplying LNG on deferred payment
The PM is likely to request a concessional loan similar to the one provided by the United Arab Emirates and Saudi Arabia to bolster the country’s dwindling foreign exchange reserves
FTA between Pakistan and Turkey can help increase bilateral trade
Jawad hoped with the new Economic Framework Agreement and FTA trade activities will increase and achieve the initial target worth USD two billion trade between the two countries