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...
Sindh energy dept resolves to address investor concerns on wind energy projects
KARACHI:Â The Sindh government has held out the firm assurance that it could do its best to resolve, in the shortest possible time,...
SBP reiterates commitment as custodian of Pakistan’s financial system: SBP Governor
KARACHI: The State Bank of Pakistan (SBP) celebrated the Independence Day anniversary of Pakistan on August 14 at the SBP headquarters in Karachi. SBP...
New govt tasked with saving economy from major crisis Â
BEIJING: The new Pakistani government has a major agenda of bringing the economy back on track. Imran Khan, whose political party emerged...
Pakistan’s PSO awards first fuel oil import tender in two months: sources
PSO still has outstanding tenders to import up to 585,000 tonnes of HSFO in September and again in October, but one trade source that has previously supplied PSO with fuel oil said he expected weak demand to keep the company’s actual import volume limited over the coming months
Slap a total ban on import of luxury items, urges SAARC chamberÂ
ISLAMABAD:Â South Asian Association for Regional Cooperation (Saarc) Chamber of Commerce and Industry (CCI) Pakistan Chapter urged the upcoming government to slap a...
State Bank amends restrictions imposed on advance payments against imports
In mid-July, the central bank had revised the instructions relating to advance payment facility allowed to importers through authorized dealers and had also restricted the import on open account basis to manufacturing and industrial users for import of spare parts/raw materials only
Mahathir aims to scrap with China
PUTRAJAYA: Malaysia’s prime minister said on Monday he will seek to cancel multibillion-dollar Chinese-backed infrastructure projects that were signed by his predecessor...
As imports taper off, trade deficit kept in check in July
ISLAMABAD: Pakistan’s exports posted a nominal growth of 1.2 percent in July compared to a year ago, reported the Pakistan Bureau of...