‘Govt’s mega housing project to create thousands of jobs’

ISLAMABAD: Advisor to Prime Minister on Establishment Arbab Shehzad has expressed hope that the mega housing project launched by the Pakistan Tehreek-e-Insaf (PTI)...

Rupee devaluation raises debt burden by Rs3.5tr, says Dar

ISLAMABAD: Former finance minister Ishaq Dar said that the present government has increased the debt burden to around Rs3,500 billion by sharply...

Pakistan, Switzerland agree to exchange financial information

In a major step towards bringing back the looted wealth, Pakistan and Swiss governments have signed a memorandum of understanding which would enable...

Economic diplomacy among govt’s top priorities: Qureshi

ISLAMABAD: Foreign Minister Shah Mehmood Qureshi has said that economic diplomacy was one of the top priorities of his government's foreign policy. In a...

Pakistan to sign int’l protocol on intellectual property rights

ISLAMABAD: Being the only country in the region which is not a signatory to the international protocol on intellectual property rights (IPRs), Pakistan...

ABAD members invited to work in Punjab

‘Investments worth more than Rs1,300bn have come to a halt due to delay in issuance of water NOCs by KWSB’ KARACHI: Punjab Governor Chaudhry...

Pakistani businessmen urged to explore trade opportunities in Rwanda

'Only 14 Pakistan embassies in Africa as compared to India's 48' KARACHI: Consul General of Rwanda Farooque Azam Khawaja has urged the Pakistani business...

Pakistan set to gift 40,000 metric tons of wheat to Afghanistan

ISLAMABAD: The Economic Coordination Committee (ECC) on Friday accorded an approval to gift 40,000 metric tons of wheat to Afghanistan. Finance Minister Asad Umar...

Govt gives two-rupee relief in petrol price

Price of kerosene oil cut by Rs3 per litre, light diesel oil by Rs5 ISLAMABAD: Finance Minister Asad Umar on Friday announced that...

SBP raises key interest rate by 150 basis points to 10%

Import growth declined to 5.8% during the first four months (July-October) of FY19 from 26.3% in the same period of last year, indicating an effect of recent tightening measures.

Govt takes away tax policy powers from FBR

A committee has been set up to chart out the legal and technical issues surrounding the decision

Devaluation ‘inevitable’, govt says after rupee falls to historic low

Rupee drops to lowest value ever against US dollar at Rs144 in intra-day trading before SBP intervenes to raise it to Rs136.5-137.5 at market close

Govt loans from central bank soar to record high of Rs5.4 trillion

During July-September 2018, the federal government’s overall domestic debt rose to Rs16.9 trillion, increasing by 3% or Rs504 billion

FBR and Commerce Ministry at loggerheads over National Tariff Policy

The approval of NTP was included in the hundred-day agenda of advisor to Prime Minister on Commerce, Industry, Textile and Board of Investment (BOI) which was missed

Tax department detects benami account being run by a property dealer

Federal Investigation Agency (FIA) on the instruction of Supreme Court is probing the fake accounts while I&I IR FBR have also detected a fake/benami account run by a big property dealer