PFC hopes new govt will encourage local, foreign investment
ISLAMABAD: Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq Saturday greeted Pakistan Tehrik-e-Insaf (PTI) chairman Imran Khan for attaining premiership after...
Imran Khan elected PM, as currency crisis looms
A sharp increase in oil prices - Pakistan imports about 80 percent of oil needs - has contributed to a current account deficit that widened by 43 percent to $18 billion (£14.1 billion) in the fiscal year that ended June 30
Russian oil industry would weather U.S. ‘bill from hell’
While the ruble has fallen more than 10 percent and Russian banking stocks have slumped 20 percent since the legislation was introduced, shares in Russian oil firms have climbed 2 percent, leaving them 27 percent higher so far in 2018
S&P lowers Turkey’s credit rating deeper into junk territory
S&P forecast that inflation will peak at 22 percent over the next four months and said the weakening lira was putting pressure on the indebted corporate sector and had considerably increased the funding risk for Turkey’s banks
BoI asks FPCCI to assist in formulating policy to increase FDI
During FY18, the FDI posted a meagre increase of less than 1 percent, touching $2.76 billion
Incoming PTI government set to inherit Rs1.1 trillion of circular debt
The committee was told PHPL is entitled to pay Rs153 billion in annual interest on the loans obtained
Caretaker finance minister requests APG to be accommodating in its deadline
A six-member visiting delegation of the Asia Pacific Group (APG) found some deficiencies in Pakistan’s systems, agencies, and laws to meet its global obligations against money laundering and terror financing but noted that progress was taking place
Tax regulator contemplating forensic audit of share transactions
The Federal Board of Revenue (FBR) officials deduced hiding of withholding taxes on share transactions since the brokerage commission on these transactions exhibited growth during FY18
Two RLNG based power plants face shutdown, as outstanding dues swell to Rs30 billion
There are concerns two major power plants producing 10 percent of overall peak summer generation would shut down in a week’s time if their outstanding dues of Rs30 billion aren’t cleared
Rapid depletion in reserves, unsustainable fiscal deficit hurting economy
ISLAMABAD: The economy is facing a major economic challenge with rapid depletion of foreign reserves and unsustainable fiscal deficit denying the country...
edotco bags “Asia Pacific Telecoms Tower Company of The Year” award
Karachi: edotco Group (“edotco”), an integrated telecommunications infrastructure services company, is pleased to announce that it was presented the “Asia Pacific Telecoms...
Pakistan to evaluate trade policy along modern trends
ISLAMABAD: Pakistan is to evaluate trade policy according to modern trends and Strategic Policy Framework 2015-19 would also be implemented in letter...
Govt of Sindh to initiate Doing Business Reforms across major departments
KARACHI: The Government of Sindh is implementing the Doing Business (DB) Reforms across different departments, said Sindh Board of Investment (SBI) Chairperson,...
Forex Update: Pakistan’s foreign reserves stand at $16.713bn
KARACHI: According to the State Bank of Pakistan (SBP), the total liquid foreign reserves of the country stand at $16.713 billion.
According to...
FDI drops by 45pc in July
ISLAMABAD: Foreign Direct Investments (FDI) coming into the country during the month of July 2018 has fallen down to $188 million, down...