‘Sarmaya Pakistan Co’ established to revive 193 public sector entities: Fawad
The cabinet also decided to maintain the support price for 40 kg wheat at Rs1300 and deliberated the policy to dispose of one million tonnes surplus wheat
90% of development projects facing cost, time overruns: Planning Commission
The overall release of funds during the 1st quarter amounted to Rs94.1 billion which included Rs63 billion of rupee component, Rs30.66 billion in foreign exchange and stood at 14 5 of the revised PSDP, said the secretary
Existing LNG terminals established without conducting study on safety hazards: Report
The ECC was informed that the terminals were established on the main PQA channel in violation of the authority’s recommendation, which contributed to congestion on all anchorages
ECC not to interfere in cement industry, permits them to increase prices
According to the Ministry of Industries and Production, in spite of the high cost of production and higher taxes, the prices of cement in Pakistan were lower than those in India and Sri Lanka
IMF proposes government to raise GST to 18% as part of comprehensive fiscal adjustment
IMF has recommended bolstering revenue collection at the import stage because of 26% depreciation of the rupee since January 2018 and imminent depreciation under its programme
Pakistan goes against the grain with coal power spree
Environmental concerns about Pakistan's coal spree go beyond the villages of Thar. The UN has warned that the country risks an “absolute” water shortage by 2025, and activists have warned about the impact of such industries on increasingly scarce water supplies
SBP reserves drop by $196m, stand at 7.4bn
KARACHI: The total liquid foreign reserves held by the country stood at $13.8 billion on November 9, 2018.
According to data released by the...
‘Cryptocurrency can be used among Islamic countries’
IBF chairman says an IMF-like fund should be established among Islamic states
ISTANBUL: A common cryptocurrency system should be formed among Islamic states,...
BOI formulating new strategy to attract foreign investment
'Board has devised a digital visa process for foreign investors, enabling them to acquire business visa in few weeks instead of six...
Current account deficit balloons 34% MoM in October to $1,218 million
In the first four months (July-October) of current FY19, current account deficit has fallen by 4.6% year-on-year (YoY) to $4,840 million
AIIB keen to invest $1bn in Pakistan
'Bank plans to finance $100m on Karachi Bus Rapid Transit Project, $400m on Rawalpindi Ring Road'
BEIJING: The Asian Infrastructure Investment Bank (AIIB)...
Pakistan’s reserves adequacy lowest among rated sovereigns: Moody’s
Moody’s stated the share of foreign currency debt is relatively low at approximately 35% of total government debt
Fresh audit reveals PIA’s market share greatly diminished between 2008-2017
According to the audit report, the state-owned airline couldn’t continue as a going concern without the assistance of the government since it had accumulated a loss of Rs361 billion till December last year
GNL set to launch Renault trucks in Pakistan
GNL will be responsible for the import, distribution and after-sales service of the three new ranges and also the CKD assembly at its manufacturing site located at Port Qasim, Karachi by the end of next year
PSO receivables balloon to Rs345 billion
According to PSO, receivables include Rs268.5 billion from the power sector, Rs43.9 billion from Pakistan International Airlines (PIA) and government and Rs32.6 billion from the Sui Northern Gas Pipeline Limited (SNGPL)