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
China is Pakistan’s largest trading partner, says PCJCCI president
President PCJCCI, Shah Faisal Afridi said China is playing an increasingly central role in the global economy and this is also reflected in Pakistan-China relations
Plunge in oil prices threatens Iraq’s postwar recovery
Brent crude oil, used to price international purchases, briefly rose above $85 a barrel in October but has since plummeted to less than $55 — a nightmare for a country like Iraq that derives 95 percent of its revenue from oil exports
U.S. companies repatriate over half a trillion dollars in 2018, but pace slows
Dollar repatriation in the July-September period fell to $93 billion, around half of the second-quarter volumes and less than a third of the $300 billion or so sent home from January to March, U.S. current account data shows
China factory activity shrinks for first time in over two years, 2019 looks tougher
In November, industrial output rose the least in nearly three years, while earnings growth at industrial firms fell for the first time in nearly three years
KSE-100 index declined 3,405 points or 8.4% in 2018
Equities recorded sluggish trading during 2018 as traded volume plateaued by 22% YoY.
Tax collection grows 3.5% year-on-year, touches Rs1.79 trillion
The July-December FY18-19 collection is equivalent to 41% of the yearly target of Rs4.4 trillion