113 locomotives added to Pakistan Railways fleet since 2013
ISLAMABAD: Pakistan Railways has added 113 locomotives to its fleet since 2013 after overhauling them completely. The move has led to smooth...
In new attack, Trump threatens more tariffs against European Union
BRUSSELS/PARIS/WASHINGTON: US President Donald Trump on Tuesday threatened to impose US tariffs on $11 billion worth of European Union products, heightening tensions...
SBP painted an overly optimistic analysis of the economy, say experts
Karachi: Analysts have doubted the overly optimistic analysis by State Bank of Pakistan about the country’s economy considering recent global oil prices...
Asad Umar resigns as PM Imran revamps cabinet
Imran appoints Hafeez Sheikh advisor on finance, Firdous Ashiq Awan advisor on mediaÂ
Fawad loses info ministry portfolio, becomes science and...
Sliding forex reserves: Pakistan obtains $450m loan from Credit Suisse
ISLAMABAD: To support dwindling foreign exchange reserves, Pakistan has borrowed $450m on a short-term facility from a Credit Suisse led consortium of...
Four economic zones approved for KP
PESHAWAR: The Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC) has approved four locations for economic zones in the province.Â
The selected...
Usage of Chinese yuan in Pakistan, other BRI countries on the rise
BEIJING: The Belt and Road Initiative (BRI) has fueled the yuan's internationalisation, particularly in the past two to three years as work...
Foreign commercial loans dependence creates debt servicing costs implications
LAHORE: Continued dependence on Chinese project financing and loans from other foreign commercial banks is creating implications for debt servicing costs that...
Rupee stabilises against US dollar in interbank market
ISLAMABAD: The exchange rate of Pakistani rupee stabilised against the United States (US) dollar falling only two paisas during the interbank trading...
ECC allows 150MW additional power supply to Karachi
Committee approves Rs1.8bn power subsidy for tribal districts
ISLAMABAD:Â The Economic Coordination Committee (ECC) on Wednesday allowed an additional supply of 150MW power...
Etisalat threatens government against allowing SCO from operating commercially
ISLAMABAD: Owner of Pakistan Telecommunication Limited (PTCL), Etisalat cautioned the government of Pakistan (GoP) from granting Special Communication Organization (SCO) a licence...
NEPRA takes up periodic PPP adjustment of six DISCOs Friday
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) is set to take up on Friday the periodic adjustments on account of power purchase...
Iranian entrepreneurs keen to boost trade in agriculture products with Pakistan
ISLAMABAD:Â A delegation of Iranian entrepreneurs here on Tuesday expressed keen interest in developing strong agriculture-based trade relations with Pakistan.
The delegation from West...
Hafeez Shaikh invites FPCCI members to discuss budgetary concerns
'Finance adviser intends to address genuine grievances of the business community in order to accelerate economic activities in the country'
ISLAMABAD:Â Adviser to...
Pakistan neglects tax reforms in drive to improve ease of doing business
ISLAMABAD: Though the World Bank (WB) will be issuing its ranking on the ease of doing business next month, Pakistan in its...