KKH-II Expressway Project on track, attains 55 percent completion stage
KKH Phase-II is one among dozens of early harvest projects of the game-changing China-Pakistan Economic Corridor (CPEC) in Khyber Pakhtunkhwa Province as the Expressway plays a linchpin role in connecting Gwadar Port to the Chinese city of Kashgar
EFTA agrees to initiate process for signing PTA with Pakistan
Pakistan’s exports to the trading bloc have recorded an average increase of 10.4 percent in the last five years
FIA to undertake special audit of mega transport projects: Report
During the previous government's tenure, large transport projects were undertaken including Punjab’s capital city Lahore and various other cities with financial assistance from China
Energy ministry recommends drastic cut of Rs22.94 in diesel price
Oil and Gas Regulatory Authority has proposed a decrease of Rs6 in the price of HSD to Rs106 per litre, Rs2 in the price of petrol to Rs93 per litre, 30 paisa in kerosene oil to Rs83.25 per litre and 70 paisa in the price of light diesel oil to Rs76 per litre
Finance Minister Asad Umar updates PM on condition of country’s economy
According to high-ranked government sources, if Pakistan doesn’t seek an IMF bailout, then the import of oil on deferred payments and rollover of maturing loans could be the preferred choices to cope with external sector challenges
Al-Haj obtains exclusive rights to assemble and market Proton vehicles in Pakistan
This agreement will bring in $200-300 million of investment in Pakistan
Pakistan obtained $4.01 billion loans from China in FY18
Overall, the country borrowed $10.91 billion in last fiscal year from commercial banks, multilateral, bilateral sources and from raising bonds in the international market
SEZs under CPEC to help in the creation of new jobs: Makhdoom Khusro Bakhtiar
ISLAMABAD: Minister for Planning, Development & Reform, Makhdoom Khusro Bakhtiar has said that development of the Special Economic Zones (SEZs) is the...
PEW lauds PM’s plan for rationalised tax regime
ISLAMABAD: The Pakistan Economy Watch (PEW) on Thursday lauded Prime Minister Imran Khan for initiating radical changes in the tax administration to...
Pakistan wants investment from Japan on priority basis: NA speaker
ISLAMABAD: Speaker National Assembly Asad Qaiser says Pakistan wants investment in various sectors from all countries including Japan on a priority basis.
He...
Bata Pakistan reports 0.8pc increase in half-yearly profits
Bata Pakistan Limited reported a marginal growth of 0.8% in half-yearly profits during the half year period ended on June 30 2018.
In their...
Pakistan’s foreign reserves stand at $16.685bn
KARACHI: According to data released by the State Bank of Pakistan (SBP), the total liquid foreign reserves held by the country stood...
Profit repatriations on FDI rise to $124mn in July
Repatriation of profits earned on foreign direct investments (FDI) brought into the country have surged to $124.2 million during the first month...
IMC holds 27th dealer conference
KARACHI: Indus Motor Company (IMC) held its 27th Annual Dealer Conference at a local hotel in Karachi. Toyota Motor Asia Pacific President...
NBP announces 46pc after-tax profit in half-yearly results
In a meeting of the Board of Directors (BoD) of National Bank of Pakistan (Bank) which was held on August 30, 2018,...