Rising current account deficit may force Pakistan to seek IMF bailout

Karachi: Pakistan’s current account deficit (CAD) which has risen to $2.5 during July, is affecting the country’s economy amidst dwindling foreign exchange reserves. The CAD...

Govt pondering to lay oil pipeline in light of tanker strikes

Islamabad: The continuing threats of strikes by the Oil Tankers Association, has made the government reconsider its plans and the Economic Coordination Committee (ECC)...

CNG sector hopeful of resurgence says: APCNGA

Islamabad: The All Pakistan Compressed Natural Gas Association (APCNGA) expressed confidence on Tuesday in a strong revival of the CNG sector on the back...

China and Pakistan may not permit any country to join CPEC before 2020

Islamabad: According to information available, it has been disclosed by officials that Pakistan and China will not permit any other country to join the...

Cabinet approves execution, completion of ongoing gas development schemes

Islamabad: The Federal Cabinet on Tuesday approved the execution and completion of ongoing gas development schemes and launch new projects under present government for...

AGP audit report reveals Rs1.32t financial misappropriation in power sector

Islamabad: Rs1.32t worth of financial misappropriation, irregularities, recoveries and overpayments have been said to be found by the auditor-general of Pakistan (AGP) for companies...

PIA may get another Rs10 billion bailout

Islamabad: Pakistan International Airlines could be slated to receive another bailout to the tune of Rs10b, as the government considers increasing its sovereign guarantees...

Tractor production increased by 54.59pc during last FY 2016-17

Islamabad: Tractor production in the country during financial year ended on June 30, 2017 increased by 54.59 percent as compared the production of same...

FPCCI asks govt to reduce power tariff for export sector

Islamabad: Former Governor of the State Bank of Pakistan Dr. Ishrat Hussain has said that exports play a very important role in keeping the...

PBC meets PM, suggests major policy intervention

ISLAMABAD Competitive energy costs for exporters, renegotiation of FTAs with China, meticulous pursuit of FTAs with Thailand and Turkey, and withdrawal of “Full and Final”...

Pakistani entrepreneurs support Vision 2025 goal of $150bn exports

KARACHI With Pakistani entrepreneurs and startups playing a key role in fostering $ 150 billion in exports by 2025, one of the world’s leading entrepreneurship...

Gwadar port to be fully operational in 3 to 4 years: Masood Khalid

BEIJING Pakistan Ambassador to China Masood Khalid Tuesday said the development work is in progress on Gwadar port and expressed the confidence that it would...

$5bn lost to decline in cotton production: PARC

ISLAMABAD Pakistan Agriculture Research Council Chairman Dr Yousaf Zafar has said that Pakistan lost $ 5 billion during the last three years due to the...

Govt moves to revive Pakistan Horticulture Development and Export Company

ISLAMABAD In a major decision, the government has decided to revive the defunct Pakistan Horticulture Development and Export Company (PHDEC) that will help boost exports...

Market daily: stocks ends in red after haphazard session

LAHORE The phrase half empty or half full fairly describes the Pakistan Stock Exchange (PSX). Tuesday’s session could be summed up as when the benchmark KSE 100...

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FBR issues notices to 3,950 non-filers in Lahore

LAHORE: The Federal Board of Revenue's Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their assets despite...

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Intel launches first artificial intelligence chip Springhill

JERUSALEM: Intel Corp on Tuesday launched its latest processor that will be its first using artificial intelligence (AI) and is designed for large computing...