Mandviwalla stresses need of FTA with Egypt
ISLAMABAD:Â The Deputy Chairman Senate Senator Saleem Mandviwalla Thursday stressed upon the need of inking a Free Trade Agreement (FTA) between Egypt and...
Investment likely to grow by 17% of GDP
ISLAMABAD: The investments are targeted to grow at 17.2 percent of the Gross Domestic Product (GDP) during the fiscal year 2018-19 compared...
Under PSDP 2018-19, Govt releases Rs10 bl for development projects
ISLAMABAD: The government has released over Rs9.94 billion under its Public Sector Development Programme (PSDP) 2017-18 for various ongoing and new schemes...
Pakistan to seek aid from IMF or China
With rapidly depleting foreign exchange reserves, a weak local currency, and fears of not being able to finance import bills, experts believe Pakistan...
Pakistan’s forex reseves decrease by $74.70mn
According to data released by the State Bank of Pakistan (SBP), the total liquid foreign reserves held by the country stood at...
Tobacco worth $26.073m exported in FY 2017-18
ISLAMABAD: About 7,211 metric tons of tobacco worth $26.073 million exported during 12 months of the fiscal year 2017-18 as compared the...
NEPRA imposes Rs 5 million fine on GENCO-II
NEPRA has imposed a fine of Rs5 million on M/s Central Power Generation Company Limited GENCO-II, a government-owned power generation company.
The fine...
Digital banking, e-commerce witness unprecedented growth: SBP report
LAHORE: Although Pakistan’s banking system is known to be riddled with draconian procedures which force customers to sign a multitude of forms,...
Market Daily: Â KSE-100 rises 192 points to 42,924
LAHORE: The Pakistan Stock Exchange (PSX) witnessed another confused session as the indices were seen oscillating in both directions and the day...
Experts urge banks to collaborate with fintechs to provide better digital services
KARACHI: Speakers at an e-banking conference have ruled out the impression that financial technology firms would eat up conventional banks and asked...
Agri credit disbursement increased to Rs972.6b
KARACHI: Banks have disbursed Rs972.6 billion for the fiscal year 2017-18. The current year’s disbursement is 38.1 per cent higher than the...
SECP holds workshop on insurtech for inclusive insurance
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has organised a workshop on Insurtech (Insurance Technology) for Inclusive Insurance: Opportunities and...
Pakistan likely to borrow more than $4b from Saudi bank
ISLAMABAD:Â A Saudi-backed Islamic Development Bank (IDB) is poised to lend Pakistan more than $4 billion to revive the nuclear nation's depleting foreign...
Dr Shamshad Akhtar likely to be posted Deputy Chairman Planning Commission in next govt
Various economists, bankers have also started lobbying for the post of SBP Governor: sources
SECP gives its nod to new capital market, insurance and corporate regulations
ISLAMABAD: The SecuÂriÂties and Exchange ComÂmisÂsion Pakistan (SECP) has passed regulations concerning capital market, insurance, and corporate governance and approved the proposed...