Pakistan gets a confidence boost but IMF bailout still on the cards
ISLAMABAD: The finance minister’s bullish comments declaring the end of an economic crisis have bolstered confidence ahead of crunch talks with the International...
Banking sector in shambles over a plausible cyber-attack
MCB, ABL, other major banks reassure customers’ safety, SBP certifies only Bank Islami was affected
Ambassador-designate pledges to enhance Pakistani exports to Ukraine
FAISALABAD: A comprehensive, viable and foolproof system will be evolved to ensure speedy payment to Pakistani exporters dealing with Ukraine, said Pakistan's...
On eve of IMF talks, Pakistan says balance of payments crisis over
On Tuesday, Finance Minister Asad Umar said that Prime Minister Imran Khan’s securing of a $6 billion package from Saudi Arabia plus promised help from China would cover a projected $12 billion shortfall in foreign currency to service Pakistan’s debt
Pakistan to begin talks with IMF over yet another bailout
Pakistan last month announced a $6 billion assistance package from Saudi Arabia, split into $3 billion in foreign currency support and a further loan worth $3 billion in deferred payments for oil
‘PM’s China visit opens up new vistas of economic cooperation’
MoF says discussions were held on immediate market access for Pakistan’s exports as well as balance of payments support
ISLAMABAD:Â Prime Minister Imran...
Pakistan’s inflation rate ringing alarm bells amid financial turmoil
The inflation rate in Pakistan has always been on the high side since the last couple of years. The average Pakistani has...
China says ready for U.S. talks, sees no winners in trade war
Beijing and Washington have imposed tit-for-tat duties on each other’s goods over recent months, with neither side backing down from an increasingly bitter trade dispute that has jolted financial markets and cast a pall over the global economy
Pak-China economic ties to be boosted by closer collaboration
To date, nine projects have been completed and 13 are under construction, and it has so far created 70,000 direct jobs for the local people, showed data of the National Development and Reform Commission
Industries in dilemma, as dispute arises over rates of subsidized gas supply
According to the memorandum, the cabinet decision came into effect on October 16th instead of September 27th, when the federal government gave go-ahead to new gas rates which have been opposed by Aptma
Oil industry seeking foreign currency exposure to be included in pricing of petroleum products
During the meeting last week, the oil industry had put forward the case for a continuation of 7.5% deemed duty on diesel refining and rise to 9% despite the Senate standing committee on petroleum order to scrap the deemed duty
ML-I railways project to be completed under sovereign deal
China didn’t welcome the suggestion of finishing the ML-I project on a build-operate-transfer basis according to officials in the Ministry of Railways and Ministry of Communications
Zilt Proefbedrijf interested in setting up joint venture in agriculture sector
Zilt Proefbedrijf, for a decade, has been researching the salt tolerance of existing, conventional agricultural crops which could give food in saline areas
Decrease in sales tax on petroleum products may cause Rs60 billion in losses
To shield the end consumer from the full impact of rising oil prices, the government has been reducing sales tax which according to tax authorities estimates a sharp decrease of 46 percent in revenue collection in November 2018
Pakistan in talks with China for relief package: Asad Umar
Finance Minister Asad Umar has confirmed that the government was currently in talks with China for a possible financial deal, which would...