China warns cities to cut reliance on property, developers’ shares fall
The total sales of China’s top 100 real estate developers soared 35 percent last year, according to private research firm CIRC
Factory activity in Asia weakens on China slowdown, trade disputes
China’s weakness spilled over to other Asian economies, with Malaysia’s manufacturing activity shrinking to its weakest pace of expansion since it launched the survey in 2012 and Taiwan contracting to its lowest since September 2015
Govt disbursed Rs187 billion under PSDP 2018-19
No funds have been released by the government till now for the commerce division, inter-provincial coordination division and religious affairs and inter-faith harmony division
CPEC feeding 300MW of wind energy to national grid
Four wind projects that had been completed under CPEC and are connected with the national grid include Dawood wind power project (50 MW), Sachal Energy wind farm (50MW), three gorges second wind farm project (100MW), and UEP wind farm project (100MW)
Govt obtained $50 million from foreign commercial banks in November
According to the latest EAD data, Pakistan provisionally received over $1.86 billion in foreign loans during the first five months (July-November) of FY18-19 compared to $2.877 billion or 36% fall in the corresponding period of last year
Circular debt stands at Rs755 billion
The ministry’s secretary, while giving a briefing to the committee, said presently the country’s installed capacity for electricity production was 33,836 megawatts (MW), while the derated capacity was about 31,000MW
CDNS jacks up interest rates on saving certificates to six-year highs
According to a press release issued by CDNS, rates of profit on Behbood saving certificates, Shuhada family welfare and pensioners benefit accounts were hiked by 2.40% to 14.28%
Govt to bring new criteria for issuance of POL marketing licenses
ISLAMABAD: The government is likely to change the existing criteria for the issuance of marketing licenses of petroleum products (POL), it was learnt...
Abdul Razak Dawood’s company wins bid to construct Mohmand Dam
ISLAMABAD:Â The joint venture of Pakistani company, Descon, owned by Adviser to PM on Commerce Abdul Razak Dawood, and a Chinese company, China...
ECC approves supply of up to 25mmcfd additional gas to SNGPL
ISLAMABAD:Â The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved a proposal of Ministry of Energy (Petroleum Division) for the supply...
Govt hands over PSM revival plan to private steel companies, HUBCO
ISLAMABAD:Â Setting aside Pakistan Steel Mills (PSM) board of directors as well as Public Procurement Regulatory Authority (PPRA) rules, the Ministry of Industries...
SBP facilitates exporters by restoring advance payment facility
KARACHI:Â The State Bank of Pakistan (SBP) has allowed the authorised dealers to effect advance payments up to $10,000 per invoice on behalf...
Cement export surges 26pc in five months
ISLAMABAD:Â The export of cement from the country increased by 26.02 per cent to $131.12 million during first five months of the current...
China to lend $2 billion for bolstering Pakistan’s foreign exchange reserves: Report
The $2 billion loan being pledged by China is to avoid further devaluation of the rupee against the greenback
Rupee devaluation & balance of payment crisis dominated headlines in 2018
The rupee, capital markets remained under duress in 2018 due to dwindling forex reserves, growing external financing gap, imports, trade deficit, political and economic uncertainty