Govt provides details to IMF team about ‘wealth fund’
In regard to the wealth fund, the IMF was informed it would shortly create it with a focus to make these loss-incurring SOEs operational and profitable via financing from the fund
Pakistan, China sign MoU for agricultural enhancement
ISLAMABAD: The Ministry for Planning, Development and Reform on Friday informed the National Assembly that Pakistan and China have signed a memorandum of...
‘Pakistani products to become popular after Shanghai Import Expo’
Former Chinese diplomat says import from Pakistan is closely related to the quality of goods and demand in Chinese market
BEIJING: Pakistani products...
Exports grow by 3.52pc in four months, trade deficit swells by 1.97pc
ISLAMABAD: The exports from the country during the first four months (July-October) of the current financial year grew by 3.52 per cent and...
Overseas Pakistanis remit $7.4bn in four months
Overseas Pakistani workers remitted $7419.98 million in the first four months (July to October) of Financial Year 2018-19 (FY19), as compared to...
India clears sale of “enemy shares” held by people who moved to Pakistan
The stocks worth at least 30 billion rupees ($412.26 million) are part of what India calls “enemy properties” that once belonged to people who went to Pakistan and China, with which India also fought a war
China car market hits reverse as sales slide again
* Oct vehicle sales -11.7 pct y/y
* Steepest drop in 7 years
Interloop, manufacturer of socks for Adidas, Nike set for IPO
Interloop intends to raise over Rs6.8 billion ($51 million) for expanding its sock manufacturing capacity by approximately 20% and enter the denim business
Amreli Steels to set up Rs 6.5 billion state-of-the-art rolling mill at Dhabeji
Expansion at SITE scrapped; Dhabeji to become the prime location
IMF expresses worry over energy deals reached under CPEC
The variation of $9 billion could create problems in making accurate projections linked to future CPEC related outflows, said sources in the Ministry of Finance
Govt decides to segregate revenue collection and tax policymaking powers
A separate committee will be set up soon and notified to devise a tax policy and include tax experts on the board
K-Electric should clear its books, ledgers, for sale go-ahead
The committee was told due to the ongoing dispute there was no power purchase agreement between KE and Central Power Purchase Company (CPPC)
Pakistan to brief IMF on wealth fund for state-owned institutions
ISLAMABAD: The economic managers of Pakistan Tehreek-e-Insaf (PTI) will brief the visiting delegation of International Monetary Fund (IMF) on the proposed wealth fund...
Pakistan, S Korea agree to enhance economic cooperation
ISLAMABAD: Pakistan and Republic of Korea (RoK) have agreed in principle the need for high-level visits from RoK to Pakistan in order to...
IMF tells Pakistan to ‘do more’
Technical team expresses reservations on Pakistan’s failure to implement its 14-point agenda formulated four years ago
The technical team of the International...