Market Daily: Bears out in force as PSX loses 82 points
LAHORE:Â The Pakistan Stock Exchange (PSX) had another crazy session on Friday where the indices swung violently. Bulls tried to make a strong...
SBP may object to making ‘Wealth Fund’ for privatising PSEs: economists
ISLAMABAD: While the finance minister-in-waiting Asad Umar has claimed that his government during its first 100 days, will create a ‘wealth fund’ to...
Pakistan’s rank in the Global Innovation Index reveals dreary conditions
LAHORE: The 2018 Global Innovation Index was recently released analysing countries on the basis of their performance in innovation output, energy efficiency,...
Meat export’s reliance on water footprint
LAHORE: As Pakistan look towards increasing its exports, the meat industry has seen considerable interest coming in from major business groups in...
Overseas Pakistanis remit $1.93bn in July
KARACHI: Overseas Pakistani workers remitted $1.929 billion in the first month (July) of 2018-19 as compared with $1.541 billion received during the...
Locally manufactured car sales rise by 15.5pc in July
KARACHI: Pakistan’s locally manufactured car sales have gone up by 15.5 per cent in July 2018 (first month of the current fiscal...
In second CPEC phase, PCJCCI attempts to attract investment at SEZs
LAHORE:Â The Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) is working towards attracting the Chinese business community to invest in 37 Special...
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,...