China launches aviation fuel index amid slowest demand growth in four years
Passenger travel makes up 97 percent of China’s total jet fuel consumption, which makes up some 13 percent of the global market, CNAF executives said
Establishment of packaging plant in Gadoon to bring Rs2.5b investment
PESHAWAR: Chief Executive Officer of Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC), Saeed Ahmad Khan on Friday said that establishment...
Pakistan to repay $1.7 billion on account of foreign debt till December
According to finance ministry projections, Pakistan will have to repay around $700 million to multilateral creditors, $400 million to bilateral creditors, $76 million to the IMF, $298 million in shape of commercial loans and $200 million due to bond repayments in October-December period
Rupee sheds Rs0.82 against dollar, closes at Rs133.84 in inter-bank market
In the open market, the rupee closed trading at Rs134 against the dollar according to currency dealers
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