Purchasing power wanes as rupee depreciation stings consumers and businesses
The rupee's depreciation has impacted consumer appetite and contributed to restaurants profit margins being squeezed as they attract fewer customers
Govt mulling to introduce structural policies for boosting exports by 15% till 2023
Commerce ministry has proposed to gradually lower down the regulatory duties on tariff in order to improve the export competitiveness
UAE decides to bolster Pakistan’s forex reserves with $3 billion
Pakistan is expecting the UAE to extend further financial assistance via deferred oil payments, said Information Minister Fawad Chaudhary
Hubco signs financing documents for 330MW coal-fired power project
This is one of the first power projects to use the local lignite at Thar coal block II for power generation
Chinese envoy rubbishes NYT’s criticism of CPEC
The Deputy Chief of Mission at the Chinese Embassy in Pakistan Lijian Zhao on Thursday defended the China-Pakistan Economic Corridor (CPEC) investment...
Saudi, Emirati crown princes to visit Pakistan in 2019
–Fawad Chaudhry says draft of Saudi investment MoU to be finalised within a week
–PM tells ministries to further reduce expenses by 10%,...
Asad Umar directs FBR to implement ‘National Single Window’ system
ISLAMABAD:Â Chairing the first meeting of a steering committee on Thursday, Finance Minister Asad Umar approved key decisions to enable the Federal Board...
SBP reserves surge 10.85pc, stand at $8.05bn Â
The foreign exchange reserves held by the central bank increased by 10.85pc WoW, breaking a two-week losing streak, according to data released...
FBR meets stakeholders to forge consensus on tobacco track, trace system
ISLAMABAD:Â Federal Board of Revenue (FBR) on Thursday held a wide-ranging, interactive session with the stakeholders, including representatives from the World Bank, to...
Pakistan reiterates commitment to energy sector reforms
BEIJING:Â Planning, Development and Reform Minister Makhdum Khusro Bakhtiar has said that the government, besides reducing the losses of distribution companies and managing...
Pakistan, China agree to enhance cooperation under CPEC
MoU signed for industrial cooperation with an aim to attract investments in special economic zonesÂ
JCC agrees to implement poverty alleviation demonstration...
Stock market ends in green, breaks three-day losing streak
KARACHI:Â The Pakistan Stock Exchange (PSX) ended its three-day losing streak and closed the session in green on Thursday. Indices moved uphill as...
OICCI stresses need for digital revolution in Pakistan
Chamber recommends urgency for creating a tech-friendly ecosystem to encourage digital entrepreneurship among youthÂ
ISLAMABAD:Â The Overseas Investors Chamber of Commerce and Industry...
Govt tells IMF it may levy federal excise duty on domestic and imported cars
With a blend of new taxes and rupee devaluation, the tax collection could increase to Rs4.5 trillion during the current financial year, Rs5.8 trillion by June 2020 and Rs7 trillion by June 2020, respectively
Govt willing to levy Rs190 billion additional taxes in exchange for IMF bailout
Besides these additional Rs190 billion revenue measures, the authorities have suggested that quasi-fiscal losses will be slashed by Rs380 billion during the current financial year