Pakistan, Italy sign MoU for economic & trade cooperation
Dhaga said Italy would extend cooperation for value addition of different sectors to boost exports
Oil refineries on verge of closure, as furnace oil imports soar
Pakistan State Oil (PSO) is owed dues of Rs268 billion from power powers for the supply of furnace oil
Inflation touches 6.5% in November, decreases 0.3% MoM
On a month-on-month (MoM) basis, it decreased by 0.3 per cent in November 2018 as compared to an increase of 2.3 per cent in the previous month and an increase of 0.4% in November 2017
Federal Cabinet to look into stalled KE- Shanghai Electric deal
Power Division says netting off KE dues is not workable due to a contractual obligation between KE and SSGC as well as KE and NTDC
External debt & liabilities soar to record high of $96.735 billion
According to the central bank’s data, long-term foreign debt was recorded at $64 billion by end of September 2018 compared to $56.3 billion from the corresponding period last year
Railways, PIA & PSM among 12 SOEs removed from privatization list
The committee was further informed that the government would privatize eight SOEs on priority which includes SME Bank, First Women Bank, Haveli Bahadur Power Plant, Parri Petroleum, Lakhra Coal Mines, Services International Hotel Lahore, and Jinnah Convention Center Islamabad
Govt to cut down its expenses by 10pc
In line with the government’s austerity drive, the finance ministry on Tuesday issued a notification announcing a ban on new postings and...
Swiss companies keen to establish businesses in Pakistan
Swiss official says initiatives of new govt in Pakistan have created a positive sentiment among foreign investors
ISLAMABAD: Many Swiss companies are...
ECC allows releasing Rs2bn outstanding claims to sugar mill owners
ISLAMABAD:Â Economic Coordination Committee (ECC) of the Cabinet has directed the Finance Division to release the outstanding claims, worth Rs2 billion, to sugar...
Asad Umar assures redressal of industrial woes
ISLAMABAD:Â Finance Minister Asad Umar on Tuesday held a meeting with a delegation of Karachi Chamber of Commerce and Industry (KCCI).
Petroleum Minister Ghulam...
‘Govt to utilise renewable energy sources to meet growing demand’
ISLAMABAD:Â Planning, Development and Reform Minister Makhdoom Khusro Bakhtiar and Minister for Energy (Power Division) Omar Ayub Khan jointly chaired a meeting on...
Govt seeks early dispatchment of funds from friendly countries
'In case the expected assistance from friendly countries is delayed further, the finance ministry will speed up compliance with the IMF conditions'
ISLAMABAD:Â As...
PM constitutes task force on technology-driven knowledge economy
'There exists a huge potential in the country's youth to excel and secure Pakistan’s share in medium and hi-technologies'
ISLAMABAD:Â Prime Minister Imran Khan...
Pakistan, Iran discuss measures to achieve $5bn trade target
ISLAMABAD:Â Pakistan and Iran have agreed to hold the 21st session of the Joint Economic Commission (JEC) early next year with an aim...
SECP revamps regulatory framework for REITs
ISLAMABAD:Â In continuation of its efforts to foster the growth of real estate investment trusts (REITs), the Securities and Exchange Commission of Pakistan...