Roughly fifty-percent of Pakistan’s $24.2 billion exports went to six countries in FY18
The United States remained the top destination for Pakistani exports fetching $3.9 billion receipts during the just concluded FY18
Economic and water-shortage challenges await the next government
The central bank is burning through foreign exchange reserves and devaluing the rupee, including another five-percent dive this month, in a bid to bridge a widening trade deficit
Govt released Rs32 billion under PM export package to enhance exports
The total claims for clash payment were recorded at Rs34 billion during Jan-June 2017, leaving a balance of Rs8 billion outstanding to be paid to exporters
Pak Suzuki Motors declares Rs394m profits in Q2FY18
KARACHI: Pak Suzuki Motor Company (PSMC) Tuesday declared a profit of Rs394 million in Q2FY18 despite price increases as well as the volumetric growth...
Stable policy environment overturns growth momentum
LAHORE: Pakistan’s Gross Domestic Product (GDP) growth momentum is expected to be dragged down by the current fiscal year while the stable policy...
SECP, NACTA vow to stand against money laundering, terror financing
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) and National Counter Terrorism Authority (NACTA) have resolved to jointly undertake all necessary...
NEPRA jacks up power price by Rs0.5 per unit
ISLAMABAD: The already burdened power consumers of the country are to face a hike in power tariff as the National Electric Power...
IMF bailout on the cards as Pakistan elects new government
Bailouts are sizeable and always come with strings attached
Pakistan all set to elect PM who will face bailout crisis
ISLAMABAD: Pakistan's general elections on Wednesday will decide the prime minister for the next five years whose first pressing task will be...
Strong liaison among public bodies needed to expedite growth, remove bottlenecks: PM
ISLAMABAD: Caretaker Prime Minister Justice (r) Nasir-ul-Mulk has stressed the need for strong coordination amongst government bodies to provide maximum facilities to businessmen...
CPEC fastest-moving and most effective project under BRI: Report
CPEC construction has created nearly 60,000 direct jobs in Pakistan. It is expected to create 700,000 jobs in the country by 2030. If related industries are counted, at least 3.5 million jobs will be created, benefiting millions of families
CPEC will receive wide support from all sections of Pakistan’s society: Imran Khan
It is expected that in the next five to seven years, the corridor will create 500,000 jobs for the Pakistanis
90 percent of Chinese assistance under CPEC disbursed to three projects: Report
$1.6 billion of loans were disbursed for Orange Line Metro Project in Lahore, Thakot-Havelian motorway and Sukkur-Multan motorway
Chinese embassy rebuts WSJ report, says it deviates from facts
According to data released by the Pakistani government, 42% of foreign debt of Pakistan is from multilateral financial institutions, 18% of the debt is from Paris Club. Chinese preferential loans only account for only 10% of whole foreign debt and offer a much lower rate than commercial bank loans, said a statement by the Chinese embassy
Commercial banks refuse to lend Rs50 billion to PHPL for decreasing circular debt
And the situation of the energy supply chain is dismal as the country’s largest oil marketing company (OMC) Pakistan State Oil is facing a prospect of default due to its receivables ballooning to Rs330 billion