Govt asked to slap additional taxes on unnecessary imports
ISLAMABAD: The Islamabad Chamber of Small Traders ICST) on Sunday said the country will need almost $9.25 billion in debt repayments during...
Pension fund industry’s assets cross Rs26 billion: SECP
Over 65 percent of the assets of the pension fund industry are invested in Shariah-compliant funds
Much detail, little progress in U.S.-China talks, sources say
During the talks, Chinese negotiators repeatedly invoked what they said was Beijing’s compliance with WTO rules, an argument that did not impress the U.S. side
IMF warns Saudi Arabia against boosting spending
Riyadh’s budget deficit is expected to continue to narrow from 9.3 percent of GDP last year to 4.6 percent in 2018 and to as low as 1.7 percent next year, the IMF said
LNG agreements to be reviewed & made public: Sarwar
During the press conference, the petroleum minister raised serious contentions over the LNG deal signed with Qatar and called the fuel pricing mechanism faulty as diesel should be cheaper than petrol
Circular debt in power sector surges to record high of Rs1.155 trillion
Line losses were recorded at 18.3 percent against an allowed limit of 16.3 percent, with the additional cost of Rs196 billion per annum passed unfairly onto consumers
TCL Pakistan gearing up to widen presence in Pakistan: Report
A recent survey conducted by TCL Pakistan in conjunction with GFK revealed Pakistan’s yearly demand for TV sets was 1.2 million, of which 18 percent constitutes of traditional and old tv sets.
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