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:Â 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:Â 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
PM tasks committee to resolve issues of Pakistanis working in Gulf countriesÂ
ISLAMABAD: Prime Minister Imran Khan has said that the well-being of overseas Pakistanis, especially those employed as workmen and labourers is the...
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