PM meets AIIB president, stresses close coordination

Khan says his govt has prioritised economic revival and structural reforms ISLAMABAD: On the first day of his four-day visit to China, Prime...

Pakistan’s remittances may reach $22bn in FY19

ISLAMABAD: Pakistan is expected to receive remittances worth a record $22 billion in financial year 2018-19, as the government has offered an incentive...

China vows to help uplift Pakistan’s economy

PM Khan says his party inherited a ‘very difficult economic situation’ coming into power President Xi says he is willing to...

Yen falls, Australian dollar gains as U.S.-China trade angst eases

Worries about Chinese economic growth and the trade row had pushed the offshore yuan to a 22-month trough of 6.9800 midweek.

Global shares rally, dollar eases as Trump report fans U.S.-China trade deal hopes

SHANGHAI/TOKYO: Asian shares rocketed to three-week highs on Friday while the dollar softened on a report that U.S. President Donald Trump is...

Pakistan likely to get unilateral concessions from China

A grant of 400 million yuan also on the cards ISLAMABAD: China is likely to give unilateral concessions to Pakistan on more than...

Export of fruits, vegetables attracts $163.5m in three months

ISLAMABAD: The export of fruits and vegetables from the country during first quarter of the current financial year grew by 49.34 per cent...

Transactions through e-banking channels touched Rs47.4 trillion in FY18: SBP

The number of local e-commerce merchants registered with banks reached 1,094 and consumers carried out 3.4 million online e-commerce transactions valuing Rs 18.7 billion

FATA has attracted Rs3.5b investment from oil & gas companies in last one year

Oil and Gas Development Corporation Limited (OGDCL), Al-Haj Enterprises Pvt Ltd, BGP (Pakistan), Xian Senshe, Geofysika Krakow and MOL (Pakistan) have established base camps in different agencies in erstwhile FATA

Trade war impact deepens across Asia, but ‘real economic shock’ yet to hit

In sign conditions for exporters and factories were deteriorating, manufacturing surveys showed marginal growth in China, a slowdown in South Korea and Indonesia and a contraction in activity in Malaysia and Taiwan

APTMA seeks $5b credit line from China for new investments and joint ventures

Pakistani textile export constitutes a meagre 3% of China's textile and clothing imports of $268 billion

Legit manufacturers demand govt to restrict sale of illicit cigarettes

Most of these illicit cigarettes having approximately 35% market share are produced in Azad Kashmir and Khyber-Pakhtunkhwa claimed the stakeholders

FBR’s revenue collection rises 6.7% YoY, misses target by Rs100 billion for July-October FY19

Tax receipts for the month were recorded at Rs273 billion, which was 1.1% or Rs3 billion higher than in the same month last year (SMLY)

Govt increases petrol price by Rs5 per litre

ISLAMABAD: The government has raised the prices of petrol by Rs5 per litre, it was learnt on Wednesday. The price of diesel has raised...

Pakistan says court lacks authority to impose $846m award over Karkey project

The tribunal initially ordered Pakistan to pay $501 million, however, due to nonpayment and accumulation of interest, the total has grown to nearly $846 million