‘Path of thorns’: An IMF bailout set to impede Pakistan PM’s populist agenda
Reserves have plummeted 41 percent this year to stand at $8.3 billion, or about 1.6 months of import cover, despite China lending billions of dollars to Islamabad to prop up the currency
US says Chinese debt responsible for Pakistan’s economic quagmire
On Thursday, the International Monetary Fund (IMF) launched formal bailout talks with Pakistan and IMF managing director Christine Lagarde said she would require “absolute transparency” of Pakistan’s debts, including those owed to China
IMF warns trade friction, market turmoil to hurt Asian growth
The IMF maintained its forecast that Asia’s economy will expand by 5.6 percent this year but cut its projection for next year to 5.4 percent, down by 0.2 points from April
PEC asks govt to announce Diamer-Bhasha Dam public limited company
The PEC urged the government to float its shares on the stock market for public subscription, which would allow to raise funds for the Diamer-Bhasha dam
Chinese entities interested in providing IoT, financial and transportation solutions in Pakistan
Megvii Technology based in Beijing is seeking to enter the Pakistani market for developing apps and other software for transportation departments and one of its services can recognize vehicles’ number plates
Punjab working on roping in private sector investment for development projects
The Punjab government is looking to use its vacant land for industrial and commercial purposes which would enhance economic activities and allow it to generate revenue, said Bakht
Pakistan extended offer of $100 million open oil credit facility by Azerbaijan
The energy ministries from both the countries had reached an inter-governmental agreement in February 2017
Tax department to verify documents of Qatar dignitaries’ confiscated vehicles
ISLAMABAD: The tax department has decided to verify the documents of 23 confiscated vehicles of the Qatar dignitary from the ministry of foreign...
GSK Pakistan Invests Rs74m to introduce dessiflex packaging technology in Pakistan
KARACHI: GlaxoSmithKline (GSK) Pakistan has introduced a specialized form of blister packaging technology in the country, Pakistan’s leading antibiotic, Augmentin which will...
PTCL assigned long-term rating of AAA as it posts 6pc YoY revenue growth
KARACHI: Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider has announced its financial results for the nine...
Market Daily: PSX takes the hit as KSE-100 drops 393.79 points
LAHORE: Volatility returned to the Pakistan Stock Exchange (PSX) after two calm sessions. Low investor confidence was not limited to PSX but...
Federal Cabinet restores EDB after dissolution
The cabinet of the previous government, following the recommendations of the Cabinet Committee on Energy (CCoE), had decided to dissolve the EDB over rampant corruption
China’s Hunan province delegation interested in JVs, investment in Pakistan
ISLAMABAD: A delegation of China Council for Promotion of International Trade (CCPIT) led by its Vice President Wu Dengguo visited the Islamabad Chamber...
CPEC debt servicing to commence in year 2021, says official
The spokesman said Pakistan has opted for Chinese investments under CPEC due to the favourable financing arrangements
Pakistan unlikely to be removed from MSCI-EM in upcoming review
In the last year (in its semi-annual review in November 2017) when MSCI demoted ENGRO from its standard MSCI EM to small caps