Forex update: Pakistan’s forex reserves stand at $16,722.8mn
LAHORE: According to a notification issued by the State Bank of Pakistan (SBP), the total liquid foreign reserves held by the country...
Market Daily: PSX gains 163 points, closes in green post-Eid
LAHORE: As the Pakistan Stock Exchange (PSX) opened for a single session after the Eid holidays, trading remained dull. Investors preferred to...
PTI’s economic team to be largely Karachi-centric
The appointments of heads of key financial institutions are also expected to be from Karachi, the economic hub of the country.
Govt will review petrol, diesel prices, increase local production: minister
ISLAMABAD: Minister for Petroleum Ghulam Sarwar Khan on Friday assured that the petroleum prices and taxes will be reviewed and fixed in...
National Incubation Centers raise Rs2.84bn investment, create 890 jobs
ISLAMABAD: The five fully featured National Incubation Centers established across the country, has so far raised an investment of Rs2.84 billion and...
Railways ministry faces a Rs37-40bn deficit, says Sh Rasheed
RAWALPINDI: Railways Minister Sheikh Rasheed Ahmed has said that the Railways ministry faces a debt of Rs37 to 40 billion left behind...
Moody’s projects Pakistan’s current account deficit at 4.8 percent of GDP in FY19
Moody's said about one-third of government debt was denominated in foreign currency and its gross borrowing requirements stood around 27-30 percent of GDP, the highest amongst rated sovereigns
China to keep hitting back at U.S. over trade, to boost government spending – finance minister
The trade conflict further escalated on Thursday as the United States and China heaped more tariffs on each other’s goods. Since early July, the world’s two largest economies have slapped each other with tariffs on a combined $100 billion of goods
FBR amasses record withholding tax of Rs3.84 billion on school fee in FY18
According to FBR officials, the rise in revenue collection was made possible by an increase in tuition fees by educational institutions in FY18
Pakistan’s energy-linked imports soar 34 percent, touch $1.27 billion in July
Liquefied Natural Gas (LNG) imports soared 144 percent to $332 million during July 2018 against $135.2 million in July 2017 due to the commencement of operations at various RLNG based power plants, said PBS
Federal minister vows to end corruption from Pakistan Railways
He informed the Railways would build 5,000 small apartments like quarters for grade-4 employees, make all-out efforts to double the track from Peshawar to Lahore under China Pakistan Economic Corridor and plant trees on both sides of the railway track with fencing
ISGS to put fate of white oil pipeline project before PTI government
Ogra disregarding ISGS granted the other similar pipeline project to FOC without conducting a public hearing for it
Focus isn’t on stabilizing economy using money stashed overseas: Asad Umar
The finance minister indicated this policy was to disincentivize those people who sought to earn money from illicit practices and launder it overseas
U.S, China impose further tariffs, escalating trade war
Economists reckon that every $100 billion of imports affected by tariffs would reduce global trade by around 0.5 percent
Pakistani’s offshore accounts data set to be accessible from 1st September
As many as $64 million have been remitted to Pakistan under the recently concluded tax amnesty scheme