PLL’s inefficiency in managing imports causes Rs1.50bn in losses to economy
ISLAMABAD: An almost 50 per cent reduction in LNG imports has caused a loss of approximately Rs1.50 billion in three months (May, July and...
What can devaluation of Turkish lira mean for Pakistani rupee?
Turkish lira’s recent drop will boost the US dollar adversely affecting the Pakistani Rupee in return
China, U.S. to hold next round of trade talks in late August
The world’s two largest economies have implemented several rounds of tit-for-tat tariffs on each other's goods since the start of the year and have threatened further tariffs on exports worth hundreds of billions of dollars
Fitch warns external finance risks could constrain incoming government
Fitch projects Pakistan will seek potential financing from various sources including China, multilateral development bank and possibly the IMF
Wapda to raise Hub Dam storage capacity, as country’s water needs increase
During the meeting, it was unanimously decided to raise the Hub Dam’s lost storage capacity of around 49,000-acre-feet of water by removing sediment deposits in the reservoir
Gwadar, a challenge for stakeholders to develop as successful economic city
Gwadar port is the flagship project of CPEC as all economic activities practically converge at the port
MoE directed to determine impact of US sanctions on Iran
The recommendations to be provided by MoE will constitute part of the new government’s economic and trade relations overseas in midst of regional and international relationships between major global powers, especially after the US pulled out of a nuclear deal with Iran, said a senior official
MoIP to present case to incoming PTI government for revival of EDB
The EDB, which was a part of MoIP was disbanded after allegations of corruption and malpractices surfaced and creating roadblocks in the way of investment of billions of dollars
Pakistan foreign debt and liabilities surged 14 percent in FY18, touch $95.097 billion
Central bank data further disclosed Pakistan’s public external debt touched $75.357 billion during June 2018-end compared to $66.103 billion in the preceding period last year
Fund dedicated to Diamer-Bhasha, Mohmand dam receives lukewarm response from overseas Pakistani’s
According to the latest update issued by the State Bank of Pakistan (SBP) on Wednesday, total collection from within Pakistan was recorded at Rs854.8 million
Pakistan ‘unprepared’ to convince FATF’s team over 26-point action plan
ISLAMABAD: As a team of the Financial Action Task Force (FATF) has arrived here to evaluate the implementation on teh 26-point Action...
Govt releases over Rs22bn under PSDP
ISLAMABAD: The government has so far released over Rs22.784 billion under its Public Sector Development Programme (PSDP) 2018-19 for various ongoing and...
Market Daily: PSX puts up weak show as KSE-100 closes in red
LAHORE: The Pakistan Stock Exchange (PSX) trailed regional and world markets and put up a weak show on Wednesday. A plunge in...
FBR collected Rs23.8 billion from real estate sector in FY18
During FY18, the Federal Board of Revenue (FBR) amassed Rs5.2 billion in taxes on sale and transfer of properties, which was 14 percent higher than FY17
PIA’s 10-year financial documents summoned by Auditor General for review
ISLAMABAD: Pakistan International Airlines (PIA) has been asked to submit its financial documents for the last ten years for review by the...