Pakistan eyes investment pacts with Saudi Arabia, UAE
The investments would be in addition to a $6-billion package provided to Pakistan by Saudi Arabia and a similar-sized package, made up of loans and an oil payment credit facility, offered by the UAE
Govt appoints Amer Tufail as SNGPL managing director
The Sui Northern Gas Pipelines Limited (SNGPL) board of directors in a meeting on Thursday considered and approved the resignation of Amjad...
Export facilitation: Number of commercial councilors to be increased
ISLAMABAD: In order to enhance the country’s exports, the government has decided to increase the numbers of commercial councilors.
It has also been decided...
Car sales down 3pc in first half FY19
It is the first time since FY12-13 that sales declined during the first half of a fiscal year
KARACHI: Pakistan’s locally manufactured car...
‘Imposition of regulatory duties by Pakistan keeping Sri Lankan investors away’
Envoy stresses need to organise forums in which business communities of both countries could identify obstacles hampering trade
KARACHI:Â Consul General of Sri...
Inflation only increased by 0.4pc in five months, minister claims
ISLAMABAD:Â Planning Minister Makhdoom Khusro Bakhtiar has said that the opposition parties were unjustly criticizing the government over price hike and inflation, whereas...
‘Trade deficit shrinking due to rise in export, foreign remittances’
Finance minister says govt is not in a hurry for IMF package
ISLAMABAD: Finance Minister Asad Umar on Thursday asserted that the country’s...
SBP declared best central bank for promoting Islamic finance
KARACHI:Â State Bank of Pakistan (SBP) has won the global award as the best Central Bank in promoting Islamic finance for the year...
CDWP forwards Rs65bn worth mega projects to ECNEC
ISLAMABAD: The Central Development Working Party (CDWP) has recommended two mega projects to Executive Committee of National Economic Council (ECNEC) for its final...
SBP rebuffs news regarding 18 undeclared PTI bank accounts
KARACHI:Â State Bank of Pakistan (SBP) categorically denied a news item, which attributed the central bank of reporting "at least 18 undeclared bank...
Exports surge by 1.7pc, trade deficit shrinks by 5.6pc in six months
KARACHI: The country’s exports have surged by 1.7pc in the first half of the current fiscal year (July-Dec 2018-19) and stood at $11.186...
Pakistan doesn’t have enough foreign reserves to pay debts: Moody’s
Pakistan needs $12 billion to meet its external financing needs till June 2019
Pakistan will need far more dollars in its reserves...
Overseas Pakistanis remit $10.7bn in six months
KARACHI:Â Overseas Pakistani workers remitted $10.7 billion in the first half (July to December) of Financial Year 2018-19, showing a growth of 10pc...
PSX gains 168 points in thin trade
KARACHI:Â Despite thin volumes, the Pakistan Stock Exchange witnessed a positive session on Thursday as indices traded in green all day long. Foreign...
PM calls for effective measures to address business constraints in Sindh
ISLAMABAD:Â Prime Minister Imran Khan has emphasized the need for greater focus on addressing issues related to ease of doing business in Sindh,...