CSR Report 2018: OICCI members invest over Rs20bn in Pakistan
KARACHI:Â Leading foreign investors, who are members of the Overseas Investors Chamber of Commerce and Industry (OICCI), have invested in excess of Rs20...
Additional revenue measures of up to Rs150 billion expected in upcoming mini-budget: Report
The brokerage house said the hike in interest rate by 425 basis points and rupee devaluation of 24% since December 2017 have cumulatively increased annual debt servicing requirement of government by Rs700-800 billion
Divergent views on economic challenges causing quagmire for PM: Report
ISLAMABAD: The Prime Minister Imran Khan is said to be receiving diverging views on how to manage existing economic challenges facing Pakistan...
China December exports unexpectedly drop 4.4 percent, imports fall 7.6 percent
For the month, imports also unexpectedly contracted, falling 7.6 percent, the biggest decline since July 2016
Mini-budget later this month to lay foundation of country’s strong economy: Fawad Chaudhary
The information minister said the government would rise to the expectations of the public
China requested to remove 1320MW power project from CPEC
Also, hundreds of other schemes coming under the ambit of the Public Sector Development Programme (PSDP) will also be shelved
Why Pakistan’s cotton value-chain has begun to atrophy
The industry blames a lack of government support, but capital appears to be shifting away from manufacturing, and the economics of growing other crops is better than that of cotton
Rashakai Special Economic Zone to be inaugurated in first quarter of 2019
BEIJING: Rashakai, one of the nine Special Economic Zones (SEZ) prioritised under the China-Pakistan Economic Corridor (CPEC) framework is likely to start...
Service trade deficit shrinks by 35.4pc
ISLAMABAD: The service trade deficit during first five months of the year 2018-2019 has witnessed a whopping decline of 35.4 per cent...
Cement sales increase by 21pc in south region
ISLAMABAD: The sale of cement in the southern region of the country has increased by 21 per cent from 3.38 million tons...
Debt skyrocketing but manageable: PEW
ISLAMABAD: The Pakistan Economy Watch (PEW) on Sunday said that the country's total debt stocks that have jumped to over Rs26.5 trillion are...
Finance Bill to have incentives for business community, says Asad Umar
ISLAMABAD: Finance Minister Asad Umar on Sunday said that a number of incentives will be announced for the business community in the Finance...
Zimbabwe plans new currency as dollar shortage bites
HARARE: Zimbabwe will introduce a new currency in the next 12 months, Zimbabwe finance minister said, as a shortage of United States...
Volkswagen could face recall of more cars over emissions: report
BERLIN: Germany’s Federal Motor Transport Authority (KBA) is considering recalling more Volkswagen cars due to its emissions scandal, the Bild am Sonntag...
US warns German firms of possible sanctions over Russia pipeline
BERLIN: The US ambassador to Germany has warned companies involved in the construction of the Russian-led Nord Stream 2 gas pipeline that...