Govt institutions evaluate possibilities to bring looted money from abroad
ISLAMABAD: As the finance minister-in-waiting Asad Umar has announced to establish a task force for bringing back looted money from abroad, the...
Summit Bank to be merged with Sindh Bank by August 31
KARACHI: The board meeting of the Summit Bank has finally decided to merge with the Sindh Bank after a final meeting with...
India’s Cosmos Bank loses $13.5mn in cyber attack
MUMBAI: Cybercriminals hacked the systems of India’s Cosmos Bank and syphoned off nearly Rs944 million ($13.5 million) through simultaneous withdrawals across 28...
Health ministry launches crackdown against violators of PHW on cigarette packs
ISLAMABAD: Taking a strong exception to the availability of cigarette packets with no Pictorial Health Warning (PHW) or having PHW less than...
Urea prices to rise again amid absence of govt resistanceÂ
LAHORE: Urea prices are expected to take another round of escalation amid an absence of government resistance after pushing Rs200 per bag...
Market Daily: KSE-100 index sheds 485 points
LAHORE: The Pakistan Stock Exchange (PSX) had another turbulent session on Thursday with negative triggers all around. On the economic front, the...
SECP amends PSX regulations governing offices/branch offices of brokers
ISLAMABAD:Â Â The Securities and Exchange Commission of Pakistan (SECP) in the meeting chaired by the SECP chairman has accorded its approval for crucial...
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