Nepra saddled by additional Rs112 billion circular debt in FY17
The report stated capacity payments to private power companies stood at Rs280 billion in FY16, rising to Rs350 billion in FY17 and Rs490 billion in FY18 respectively
Iran’s rial extends record fall as U.S. sanctions loom
The rial has lost about half of its value since April because of a weak economy, financial difficulties at local banks and heavy demand for dollars among Iranians who fear the effects of sanctions
Naya minister, meet purani ministry
The minister is already inheriting the purani ministry and if he fails to come up with a strategy for raising revenue, he will be the same as the purana minister himself
Pakistan seeks record IMF bailout of $10-12 billion: Financial Times
According to Western analysts, the local currency is still overvalued and needs to further depreciate by 10 percent
$4.5b credit financing facility extended by IDB to boost oil imports
During the last financial year 2017-18, the ITFC had extended four facilities for crude oil imports valuing at $870 million, according to EAD statistics
Declarations to whiten domestic, foreign assets gain momentum after elections
Since July 1, FBR has received more than 2,500 declarations until July 27. The number of declared assets was also not significant. The declarants have paid around Rs11 billion in taxes so far this month
Expedite setting up of Exim Bank, demands UNISAME
KARACHI: The Union of Small and Medium Enterprises (UNISAME) has urged Tariq Bajwa, the governor of State Bank of Pakistan (SBP) to...
Women entrepreneurs to unconditionally support PTI
ISLAMABAD: Islamabad Women's Chamber of Commerce and Industry (IWCCI) founder President Samina Fazilon Sunday said women have pinned high hopes on the incoming...
Tractor production increases 15.44pc, reaches 67,371 units
ISLAMABAD: The domestic production of tractors during the first eleven months of the financial year 2017-18 registered over 36.61 per cent growth...
Basmati rice worth $540.231m exportedÂ
ISLAMABAD: About 520,759 metric tons of basmati rice worth $540.231 million were exported during the period from July-June, 2017-18 as against the...
Capital markets key avenue for attracting foreign inflows: Dr Shamshad Akhtar
ISLAMABAD: Strengthening of the capital market is critical for augmenting domestic resource mobilisation to support the growing financing requirements of the country,...
Balloki Power Plant starts operations
Balloki Power Plant can add up to 1,230 megawatts to the national grid, the equivalent power needed to supply up to 2.5 million Pakistani homes.
SECP operations neglected as management fails to see eye to eye
ISLAMABAD: Alleged tussles between the Security Exchange Commission of Pakistan (SECP) ‘junior’ chairman and senior commissioners are reportedly damaging the operations of the...
Handling of economic challenges to guide investors’ sentiments next week
LAHORE:Â Experts believe the relief rally is to be fizzled out gradually over the upcoming week following the shift of focus on key...
PLL’s inefficiencies cause losses to the tune of Rs.1.8b
ISLAMABAD: The country has faced a loss of approximately Rs1.8 billion in two months (May and July 2018) as Pakistan Liquefied Natural Gas Limited...