SECP registers 1,070 companies in September
The massive increase in the incorporation of new companies is the result of the SECP’s reforms to enhance the process of new company registration.
Saudi Arabia agrees to invest in new oil refinery in Pakistan’s Gwadar
Details of the refinery's costs and scope are to be worked out later, says minister
Negotiations in final stages with Saudi Arabia for $8 billion Gwadar refinery
Mr Sarwar shared the visiting Saudi delegation had been offered to be a part of the $2 billion North-South Gas pipeline and bid for the forthcoming 10 petroleum exploration blocks set to be auctioned soon
ECC asks Petroleum Division to submit comprehensive report on LNG terminal
ECC was told that contractual obligations of EETPL up to provide an annual average of 600 million cubic feet per day (mmcfd) of LNG and contractual quantity for the first year was 1.5 million tons per annum or an annual average of 200 mmcfd
IMF recommends 15 percent rupee devaluation, rise in interest rate to address economic challenges
According to sources, the IMF felt the 8.5 percent interest rate was insufficient and should raise it to 11 percent to ward off inflationary pressure and reduce the current account deficit (CAD)
Saudi investment in CPEC will bring fruitful results in future
Jabbar revealed that Pakistan’s exports volume was over $400 million, and imports were over $900 million, and it was needed to fill this wide gap between imports and exports
$10-12 billion financing gap being faced by Pakistan, says IMF
IMF team has projected that pressures of twin deficit would continue for Pakistan in FY19, as it assessed budget deficit may cross 6 percent of Gross Domestic Product (GDP) against an official estimated target of 5.1 percent of GDP
Development allocation for CPEC projects revised to Rs193 billion
From the entire allocation of Rs406.631 billion for development projects, the government has reserved Rs72.685 billion for energy, Rs250.837 billion for transport and communication, Rs64.244 billion for water sector and Rs18.866 billion for physical planning and housing
Govt reimposes restrictions on non-filers as NA approves amended finance bill
Non-filers will be unable to purchase vehicles, properties worth over Rs4m until they pay their returns
Pakistan, KSA agree to negotiate on proposed FTA
 -- Official says Saudi Arabia will get same trade facilities as China
ISLAMABAD:Â Pakistan and the Kingdom of Saudi Arabia (KSA) agreed on Wednesday to...
Rupee under pressure amid regional currency turmoil Â
Experts say currency is likely to remain under depreciatory pressures with weaker external finances
Finance Ministry asks provinces to reconstitute much-delayed NFC Award
ISLAMABAD:Â As the provinces are yet to respond to the letters sent by Finance Minister Asad Umar last month, the Ministry of Finance...
ECC defers electricity price hike
- Committee approves export one million metric tonne surplus sugar
- Special committee formed to address K-Electric issues
ISLAMABAD: Finance Minister Asad Umar chaired the...
Pakistan seeks to build oil refinery near Gwadar port: minister
Local media have reported that Islamabad is hoping for a deferred-payment deal for Saudi oil to help shore up foreign reserves and possibly even a bridge loan of around $2 billion
IMF’s Lagarde warns trade conflicts dimming global growth outlook
Lagarde, in a speech ahead of the IMF and World Bank’s annual meetings next week in Indonesia, said growth was at its highest level since 2011, but had plateaued, with fewer countries participating in the expansion