A narrow tax base to be the main challenge for next government: Moody’s
LAHORE:Â July 25 saw Pakistan transitioning into a democratic system for the second time in its 71 year history. The former government left...
Experts believe Dollar may further weaken against Rupee
KARACHI: A crackdown on illegal money exchanges during the last few months and a smooth supply to the Exchange Companies from the...
FBR suspends officer on misconduct in tax amnesty drive
ISLAMABAD: The Federal Board of Revenue (FBR) has suspended a BS-17 officer following an inquiry into an act of misconduct committed by...
Pakistan’s Imran Khan faces tough test in looming economic crisis
Pakistan’s central bank has devalued the currency four times since December, weakening the rupee by more than 20 percent, amid efforts to avert a balance of payments crisis in the $305 billion (£232.5 billion) economy
Rupee appreciates Rs1.10 per dollar in open market
On Thursday, the dollar was trading at around Rs128.90 in the kerb market opposed to Rs130 just before the elections
BMG leadership, KCCI office bearers cheer PTI’s victory in general election
KARACHI: The leadership of Businessmen Group (BMG) and Office Bearers of the Karachi Chamber of Commerce & Industry (KCCI) have extended hearty...
K-Electric’s takeover bid by the Chinese hits a snag
ISLAMABAD: The takeover of K-Electric (KE) by Shanghai Electric has apparently hit a snag following the National Electric Power Regulatory Authority’s (NEPRA)...
DAP prices increased by Rs150 per bag
LAHORE: Following another round of price hike, fertilizer players have increased DAP (Di-Ammonium Phosphate) prices by Rs150 per bag, pushing the new price...
Economists, business community welcome Imran Khan’s pledges for economy, good governance
ISLAMABAD: While the incoming government of Pakistan Tehrik-e-Insaf (PTI) is going to immediately face a dire economic situation, economists have welcomed the...
POL discovers oil in Khaur, North Punjab
KARACHI: Pakistan Oilfields Limited (POL) has successfully discovered hydrocarbons at Khaur North in their Khaur D&P Lease area in which the company...
Will PTI cure the economic malaise left by PML-N?
Amongst a multitude of challenges facing PTI are the depleting foreign exchange reserves, burgeoning trade and current account deficits and eroding value of the rupee
Pakistan dollar bonds rise as election results awaited -Tradeweb
The 2025 eurobond jumped 2.2 cents to 102 cents in the dollar according to Tradeweb data, the highest since June 1. The 2024 issue rose 1.7 cents to 101.7 cents, the highest in almost two months
59 percent demand of major sectors is met through smuggling: Report
The report prepared by MCC Preventive, Karachi and last updated on May 2015 reveals around 59 percent of tyre demands was reached via illegal channels and may have been met via smuggling
Textile exports plunged 2 percent in June 2018
The government since the last 1.5 years has been trying to enhance exports and extended the Prime Minister Export-Package to rein in the ballooning CAD and dwindling foreign exchange reserves to a 3.5 year low of $9.06 billion
World Bank disbursed less than estimated loans to Pakistan
The country received $3.7 billion in loans from overseas commercial banks against a budgeted forecast of $1.5 billion. The loans were obtained from foreign commercial banks for a max duration of three years at an interest rate of LIBOR plus 3 percent