Energy ministry rejects claims of discovering oil reserves larger than Kuwait’s: sourcesÂ
ISLAMABAD: The Energy ministry has negated caretaker foreign minister’s tall claim of discovering huge oil reserves reportedly bigger than Kuwait's in Pakistan...
Pakistan defends economic partnership with China
ISLAMABAD:Â Pakistan defended its economic partnership with China, amid fears that the terms of opaque multi-billion dollar investments by Beijing could be exacerbating...
SECP approves vital regulations for capital market, corporate governanceÂ
ISLAMABAD:Â Â The Securities and Exchange Commission of Pakistan (SECP) in its Commission meeting has passed regulations concerning capital market, insurance and corporate governance.
In...
Summit Bank’s clearing operations to continue: SBP
KARACHI: The State Bank of Pakistan (SBP) has taken notice of misleading rumours spreading on social media regarding the clearing operations of...
Market Daily: Bulls lose ground as KSE-100 sheds 28.27 points
LAHORE:Â It was another roller-coaster ride for investors of the Pakistan Stock Exchange (PSX) as indices traded within a narrow range. The range...
Realtors call for cuts in taxes to boost real estate sector, economy
ISLAMABAD: A delegation of the Traders Welfare Association, Gulberg, Islamabad led by its President Muhammad Najeeb Malik visited the Islamabad Chamber of...
Power sector default surges to close in on Rs1 trillion
ISLAMABAD: Receivables from electricity consumers have continued to pile up and the figure has swelled to Rs896 billion – a long-standing problem that...
FBR put in the dock for blocking clearance of textile machinery
ISLAMABAD: The Senate Standing Committee on Commerce and Textile on Tuesday directed the Federal Board of Revenue (FBR) to explain reasons for...
Trump admin. urged to counter ‘predatory’ Chinese infrastructure lending to poor countries: Wahington Times
As revealed in a post published in the Washington Times, sixteen bipartisan senators have written a letter to the Trump administration about their...
Imran vows drastic measures to overcome economic challenges
PESHAWAR: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan Tuesday vowed to take drastic measures, including curtailing expenditure on the VVIP culture, to overcome...
Paksitan spent $124.412m on import of agriculture machinery in FY 2017-18
ISLAMABAD:Â The import of agriculture machinery during the financial year 2017-18, witnessed about 4.77 per cent growth as the country spent $124.412 million...
SNGPL encashes Rs14b bank guarantee to avoid default: sources
ISLAMABAD:Â Sui Northern Gas Pipelines Limited (SNGPL) has encashed a Rs14 billion worth bank guarantee (standby letter of credit) to avoid a possible...
SBP develops governance framework for overseas operations of banks
LAHORE: Amid the increasing scrutiny in which financial transactions within and outside the country take place, especially with Pakistan's placement in the...
CPEC projects financed through composite financing package, says officialÂ
ISLAMABAD: Pakistan on Tuesday reiterated its commitment to implement all projects linked to China-Pakistan Economic Corridor (CPEC), stating that all state institutions support the...
Pakistan to decide whether to seek IMF bailout ‘by September’
Pakistan is teetering on the verge of a new balance-of-payments crisis which could threaten its currency and its ability to repay debts or pay for imports (Shoulder)