WB rescinds $250 million loan for climate change and disaster risk
Both sides were unable to reach a consensus on a new macroeconomic framework
Pakistan diaspora bond likely to be launched within a month
Due to delays in securing a bailout package from the International Monetary Fund (IMF), the issuance of Eurobonds has been put on hold
Japanese businessmen invited to explore trade opportunities in Pakistan
ISLAMABAD: Advisor to the Prime Minister on Commerce and Trade Abdul Razak Dawood on Monday underscored the importance of furthering trade and...
Govt pays $10.038m as commitment charges for not utilising loans
ISLAMABAD:Â The government paid $10.038 million as commitment charges to multilateral institutions for not utilising the sanctioned loans earmarked for different projects during...
Pakistan, China agree to explore new avenues under CPEC
ISLAMABAD:Â Pakistan and China on Monday agreed to expand China Pakistan Economic Corridor (CPEC) to new areas of cooperation in line with the...
Overseas Pakistanis remit $9.02bn in five months of FY19
KARACHI:Â Overseas Pakistani workers remitted $9.028 billion in the first five months (July to November) of fiscal year 2018-19, showing a growth of...
LCCI calls for removal of trade impediments, facilitation of startups
LAHORE:Â The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to build a business-friendly environment so that Pakistan's ranking in...
Power division to announce long-term action plan to tackle energy crisis
ISLAMABAD: Energy Ministry’s Power Division has been mulling to undertake work on long-term planning up till the year 2040 for power generation,...
World Bank projects 13pc increase in remittances to South Asia in 2018
ISLAMABAD: Remittances to South Asia are projected to increase by 13.5 per cent to $132 billion in 2018, a stronger pace than...
MNCs continue to flourish amid flawed taxation system
Profits of Philip Morris have doubled since the introduction of highly controversial third-tier tax slab by the former govt
ISLAMABAD: Multinational companies (MNCs)...
CDA vows to remove impediments hampering trade
ISLAMABAD:Â Special Assistant to Prime Minister on CDA Affairs Ali Nawaz Awan said that the business community was playing an important role in...
Govt to take $490m loan from ADB for Karachi BRT project
ISLAMABAD:Â The government has decided to take a loan of $490 million from the Asian Development Bank (ADB) in order to fund the...
Govt to appoint professional board of directors in SPL
Seven directors will be chosen from the private sector with PM being head of the board
ISLAMABAD:Â The government has decided to appoint a...
Sin tax on tobacco industry to adversely impact multinational companies
'Besides encouraging illicit trade, taxation on 'sin products' will eventually reduce production volume, govt's revenue'
KARACHI:Â The federal government is planning to impose...
Pakistan remittances growth to remain flat at 6.2% in 2018: World Bank
Pakistan’s remittances as a percentage of GDP was 6.9% in 2018, ranked at 3rd behind Nepal at 30.1% and two positions above India at 2.8%