PSX sheds 276 points amid lacklustre trading
Overall volumes (66.83 million)Â fall by a massive 33 pcÂ
KARACHI:Â The trading floor of the Pakistan Stock Exchange (PSX) kept waiting for investors...
Chinese package details shared with IMF: Asad Umar
The finance minister underlined the supplementary budget will assist in improving the fiscal deficit
IMF says trade war already hurting Asia, may cut global growth forecasts
It expects Asia’s economic growth to slow to 5.4 percent next year from 5.6 percent projected this year
Number of taxpayers have risen by 30% in last one year: Hammad Azhar
The minister said it had been decided to translate the Federal Board of Revenue policies and tax laws into Urdu for making the tax system easier to comprehend for the common man
Price of imported urea may be fixed at Rs1,660 per bag: Report
The sources stated the non-availability of imported urea was contributing to rising shortage and NFML wasn’t heeding to the ECC directive given last Wednesday calling for the sale of imported urea
PM directs secretary to resolve K-Electric’s NSC issue: Report
Also, there is a disagreement between the government and K-Electric over the power utility’s liabilities, which was creating an obstacle to the transfer of 66.4% stake to SEP
Pakistan submits MEFP plan to IMF
The MEFP envisions to gradually reduce existing addition of Rs30 billion a month in power sector circular debt and decrease it to zero in the first two years of the programme
China may deposit $2 billion in Pakistan’s reserves in current month: Report
UAE may also provide financial assistance to the tune of $3 billion in shape of instalments and extend a $3 billion deferred oil payment facility
Govt may introduce another mini-budget to address economic woes
Supplementary bill will help govt meet IMF conditions, constitute Sarmaya-e-Pakistan and remove tax conditions on purchase of properties
ISLAMABAD:Â As the incumbent government...
No urgency for IMF programme, says Asad Umar
Pakistan is in no rush to strike a deal with the International Monetary Fund (IMF) to deal with its balance-of-payments crisis, Finance...
FATF compliance: Govt launches crackdown against money laundering facilitators
Operation aimed at nabbing FIA, Pakistan Customs, ANF officials involved in terror financing and capital flight as well
Strict measures being taken...
‘Training of youth imperative for industrial growth’
ISLAMABAD:Â The government is striving hard to increase the skillsets of Pakistani youth so that the country could export skilled labour to the...
PIA debt exceeds Rs247bn
The debt accumulated by the Pakistan International Airlines has exceeded Rs247 billion, according to media reports on Friday.
The Aviation Division informed the...
Pakistan seeks $2bn worth LNG from Qatar on deferred payment
ISLAMABAD:Â Pakistan is mulling to bring Liquefied Natural Gas (LNG) worth $2 billion from Qatar on a one-year deferred payment and negotiations in...
Alibaba’s partner Whale Cloud to invest $70m in Pakistan
ISLAMABAD:Â Considering the demographical and geo-strategic location of Pakistan and the vision of the new government, Whale Cloud, partner of Ali Baba Group,...