Global trade slowdown likely to weigh on Pakistan’s exports: Fitch Solutions
Pakistan's external account woes to continue says the research agency
Govt directs domestic refineries to use ‘deemed duty’ for upgradation of facilities
According to a notification issued by the Ministry of Energy (MoE), the government has directed refineries to sign commercial agreements with power producers for using their capacity for furnace oil storage
Pakistan’s budget deficit projected to clock at 6% for FY18-19: Fitch Solutions
Revenue growth is likely to be dragged down by the poor economic growth outlook, said the research agency
SBP likely to keep interest rates unchanged for remainder of FY18-19: Fitch Solutions
It warned from a long-term perspective, money and credit growth remain troublesome and indicate inflation pressures are probably going to remain fairly high
Pakistan, UAE agree to bolster bilateral economic relations
To counter white collar crimes, including money laundering, the two leaders instructed the authorities concerned to expedite the finalization of the Mutual Legal Assistance Agreement (MLAA)
Southeast Asia wary of China’s Belt and Road project, skeptical of US, reveals survey
SINGAPORE: Southeast Asian countries should be cautious in negotiating with China on its flagship Belt and Road Initiative (BRI) to avoid being...
Weakness in China economy gives Beijing incentive for trade deal, says Trump
WASHINGTON: US President Donald Trump said on Sunday that trade talks with China were going very well and that weakness in the...
Abraaj nears deal to offload its 66pc stake in K-Electric to Chinese group
Private equity firm Abraaj is close to reaching agreement with the Pakistan government to sell its 66 per cent stake in Karachi-based...
Pakistan, UAE finalise talks to build oil refinery, says Fawad Chaudhry
ISLAMABAD: Minister for Information and Broadcasting Chaudhry Fawad Hussain on Sunday said that the United Arab Emirates (UAE), would build an oil...
Vigilant to global economic risks clouding recovery, says Japanese PM
TOKYO: Japan’s government will keep a close eye on looming risks to a global economic recovery as it guides policy, Prime Minister...
Kuwait reiterates request to Dubai to release $496 million frozen funds
DUBAI: Kuwait reiterated its request to Dubai to release $496 million in frozen funds held for over a year and belonging to...
White House signals some compromise in ending U.S. government shutdown
Large chunks of the federal government shut down on Dec. 22 after lawmakers and the president hit an impasse over Trump’s demands to build a wall
Tuna sells for record $3 million in auction at Tokyo’s new fish market
TOKYO: The owner of a Japanese sushi restaurant chain on Saturday set a record by paying more than $3 million for a...
China’s Chongqing to step up support for real economy
SHANGHAI: The sprawling southwestern Chinese city of Chongqing has introduced more measures to bolster the real economy amid growing pressure from Beijing...
Indian court declares tycoon Mallya a ‘fugitive economic offender’
MUMBAI: A court in India set up under anti-money laundering laws declared liquor and aviation tycoon Vijay Mallya a “fugitive economic offender”...