Sindh energy dept resolves to address investor concerns on wind energy projects
KARACHI: 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
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 chamber
ISLAMABAD: 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...
PHMA fears import restriction to hinder export orders
LAHORE: Pakistan Hosiery Manufacturers & Exporters Association (PHMA) Monday feared that the latest move of import restriction by the State Bank of...
US-based Pakistani economist highlights troubles with country’s economy
Speaking about former finance minister Ishaq Dar, Mr Mian said stripped the independence of the State Bank of Pakistan (SBP) and kept the exchange rate appreciated, which he termed a “Dutch disease” on steroids
China’s economy cools further, investment growth at record low
Fixed-asset investment expanded by a less-than-expected 5.5 percent in January-July, a result of Beijing’s crackdown on lavish local government borrowing for projects to boost growth
Plan to safeguard oil, gas installations in final stages
Transport, aviation fuel stocks for defence needs are needed to be retained for 25 days via oil marketing companies (OMCs) and another 45 days by the civil sector at every airport and seaport
SSGC loses arbitration case, damages to amount in millions of dollars
Officials said Pakistan will have to pay damages in millions of dollars and previously the government has lost key cases like Reko Diq and Karkey in the International Court of Arbitration
Silkbank declares Rs1.729bn operating profit for half year ended June 30
LAHORE: The Board of Directors of Silkbank Limited in their meeting held on August 13, 2018, declared an Operating Profit of Rs1.729 billion,...
Trade deficit plunges by 16.5pc in July
ISLAMABAD: The trade deficit of Pakistan has decreased to $3.192 billion in July, a decrease of about 16.15 per cent from the...