Pakistan needs to generate 30pc power on renewable energy in 5-7 years: AEDB
KARACHI: Pakistan should set a target of generating at least 30 per cent of its electricity on the basis of renewable energy...
PM seeks details of loans taken in last decade
ISLAMABAD: Deeply concerned over the alarming rise in the country’s debt from Rs6 to 30 trillion in the past ten years, Prime...
FBR nets 55pc more income tax returns over previous tax year
ISLAMABAD: The Federal Board of Revenue (FBR) has registered a landmark 55 per cent increase in the number of Income Tax returns...
IMF to seek ‘absolute transparency’ of Pakistan’s debts in bailout talks
NUSA DUA, INDONESIA: The International Monetary Fund (IMF) launched formal bailout talks with Pakistan on Thursday, and IMF managing director Christine Lagarde...
Remittances climb up by 13 percent to $5.419b during first quarter of FY19
Remittances from Saudi Arabia grew 2.85 percent to $1.263 billion which was the highest source of remittances in the first quarter of FY19
Saudi Arabia interested in investing in Gwadar port and other CPEC projects
BEIJING: There have been solid indications that Saudi Arabia is interested in investing in the port city of Gwadar and other projects...
Pakistan has officially requested for financial assistance: Lagarde
Pakistan has gone to the IMF several times since the late 1980s. The most recent was in 2013 when Islamabad got a $6.6 billion loan to tackle a similar crisis
Car sales inch up by 1.1 percent in July-September 2018
The country’s auto sales grew by 3 percent YoY in September 2018, breaking the trend of falling volumes in the past couple of months
Veon withdraws offer for subsidiary’s stakes in Pakistan and Bangladesh
In July, Global Telecom Holding (GTH) had said it received an offer from VEON Ltd to purchase its assets in Jazz and associated operations in Pakistan for $2.55 billion
Pakistan seeking $8 billion IMF bailout: Report
Pakistan has been a recipient of over a dozen IMF bailouts in the last two to three decades
IMF’s Lagarde says Pakistan hasn’t asked for financial assistance
Addressing a news conference at the IMF and World Bank annual meetings in Bali, the IMF’s Maurice Obstfeld cautioned that increased Chinese involvement in Pakistan’s economy could bring both benefits and risks
Pakistan among economies most vulnerable to refinancing risks
LONDON:Â Sri Lanka, Armenia and Pakistan top the list of smaller emerging economies most vulnerable to refinancing risks, because they face a combination...
Exports surge by 4.56pc in three months
KARACHI: Pakistan’s exports enhanced by 4.56 per cent to $5.390 billion in the first three months of Financial Year 2018-19, as compared to...
Pakistan attracts $11.96bn net FDI in five years
-- China made the highest investment of $4.966 billion, followed by UKÂ with $1.6 billion
ISLAMABAD:Â The country has attracted $11.96 billion net Foreign Direct...
Pakistani rupee, the cheapest currency in South Asia: Report
The International Monetary Fund (IMF) has currently projected Pakistan’s current account deficit will contract from 5.9 percent of GDP in 2018 (the worst in emerging markets) to 5.3 percent of GDP in 2019 (again the worst in EM)