Dawood invites Saudi Arabia to invest in Pakistan
The Saudi delegation comprised of high-level officials of various government departments as well as representatives of Saudi Aramco, Maaden and ACWA power
Trump hits Brazil, India commerce after clinching North American trade deal
Trump’s “America First” trade policies, particularly his escalating trade war with China, are aimed at boosting U.S. manufacturing, but they have spooked investors who worry that supply lines could be fractured, and global growth derailed
IMF urges govt to raise more revenues and focus on structural reforms
Sources disclosed the IMF team saw the reliance on provincial cash surpluses worth Rs286 billion other additional subsidy elements not included in the updated budgetary forecasts may cause slippages
Govt finalises amendments in anti-money laundering laws
-- Finance Minister reiterates govt’s resolve for an effective campaign against money laundering and transfer of money through non-banking channels
ISLAMABAD: A high-level meeting...
ECC likely to approve Rs2 per unit hike in electricity prices
'Govt taking the decision only to appease IMF and to finance the circular debt'
ISLAMABAD: The federal government’s Economic Coordination Committee (ECC) meeting, scheduled...
IMF urges Pakistan to expand tax net
ISLAMABAD: The Pakistan government has been urged by the International Monetary Fund (IMF) to formulate a stringent taxation strategy in order to...
After gas tariff, price of LPG increases by Rs5
ISLAMABAD: The price of liquefied petroleum gas (LPG) has been increased by Rs5 following the 40 per cent hike in the gas tariff.
According...
Pakistan reaches out to Saudis for bailout
ISLAMABAD: After a formal request, Pakistan is likely to get $2 billion worth petroleum products from Saudi Arabia on deferred payments for two...
IRSA projects 38pc water shortage in coming Rabi season
ISLAMABAD: Food security crisis owing to water shortage in the upcoming Rabi sowing season is expected, as the Indus River System Authority’s (IRSA)...
Pakistan cuts Chinese ‘Silk Road’ rail project by $2bn
The ML-1 is the spine of the country’s dilapidated rail network, as well as the biggest source of revenue
Is the policy to keep petrol prices unchanged sustainable?
The govt responded to this conundrum by correspondingly decreasing the applicable sales tax rates on high-speed diesel from the current 22 percent to 17.5 percent for high-speed diesel (HSD), for petrol from 9.5 percent to 4.5 percent and kerosene oil from 6 percent to 1.5 percent
Flying on one engine, global growth exposed to turbulence
The world’s biggest economy is under scrutiny, however, as its current upturn is running on borrowed time due to the fiscal stimulus of debt-financed
RBI pumps in liquidity to ease cash crunch; bond markets rally
The government will effectively cut its market borrowing by 700 billion rupees due to higher-than-expected earnings of 750 billion rupees through its small savings scheme
Asia factory activity sputters as trade woes hit export orders
Manufacturing activity weakened in Vietnam and Indonesia last month, while Taiwan’s factories grew at the slowest pace in more than two years on sluggish export orders, according to business surveys released on Monday
Pakistan, IMF set to hold third round of talks today
The IMF team is visiting to review the macroeconomic situation of Pakistan and is led by its Washington-based Mission Chief, Harald Finger which constitutes of officials from the funds’ Lending Policy Division