German companies keen to invest in Pakistan’s IT, auto sectors: Envoy

German giants like Volkswagen and Siemens have shown their desire to invest in Pakistan

E&P entities made 13 oil and gas discoveries in past four months

Oil and Gas Regulatory Authority had given permission to gas companies to issue 0.3 million gas connections for the current years against the demand of 0.6 million

Moody’s seeks details about external loans for Pakistan’s annual sovereign rating review

The sources said Moody’s had requested the Finance Division to provide government debt and repayment schedule i.e. latest figures of outstanding public sector debt, which includes external debt by lenders and domestic deb

Monetary & Fiscal Policy board meeting to discuss rupee decline: Report

As per sources, Governor State Bank of Pakistan (SBP) Tariq Bajwa is going to share the reasons behind the rupee fall on November 30th, a day after the PTI government completed its 100-days in power

Shaheen Air proprietors escape Pakistan, leave recoveries in limbo

SAI’s fortunes tumbled in April this year when it defaulted on payments of taxes and fee to the Federal Board of Revenue (FBR) and Civil Aviation Authority (CAA) to the tune of Rs1.3 billion

New auto companies express dismay at tax relief for Pak Suzuki Motor

Previously, Pak Suzuki Motor had tried to secure tax exemptions under the Greenfield investment category from the PML-N administration which was declined

IMF calls for further adjustments in exchange rate and monetary policy

The IMF called for 22% further hike in power tariff to address the problem of circular debt

Pakistan, IMF discuss bailout terms on video conference

Delegations of the Pakistani government and International Monetary Fund (IMF) discussed various terms regarding the unavoidable bailout package in view of the...

UK urged to help Pakistan tackle money laundering

LONDON: Information Minister Chaudhry Fawad Hussain urged the United Kingdom to work in collaboration with Pakistan to eliminate the scourge of money laundering. He...

Pakistan lost $384m last year owing to climate change: report

BEIJING: Pakistan has suffered an economic loss of $384 million due to extreme weather events last year, according to a new climate change...

‘Pakistan desirous of forging close trade ties with Africa’

ISLAMABAD: President Dr Arif Alvi said on Thursday Pakistan was desirous of forging close trade, commercial and investment ties with the African continent. Talking...

Federal cabinet approves uninterrupted, subsidised gas for export industry

ISLAMABAD: Contrary to the decision of the apex court, the federal cabinet on Thursday approved approximately Rs25 billion worth subsidy for uninterrupted supply...

Following Volkswagen, Pakistan desires more investment from Germany

ISLAMABAD: Foreign Minister Makhdoom Shah Mahmood Qureshi on Thursday welcomed the German automaker Volkswagen’s decision to start manufacturing vehicles in Pakistan. He also invited...

PM Imran won’t change economic team, Haq claims

PM’s Special Assistant on Political Affairs Naeemul Haq on Thursday claimed that no member of the government’s economic team, including Finance Minister...

SBP reserves decrease by 7pc, stand at 7.5bn

KARACHI: The State Bank of Pakistan (SBP) on Thursday stated that the total liquid foreign reserves held by the country stood at $13.9...