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
Energy imports surge 23.7 percent on back of oil price rises, rupee devaluation
Imports of petroleum crude surged 66 percent in dollar-denomination and 29 percent in volumetric termsto $4.22 billion and 10.40 million tons, said PBS
Has CPEC hit a major roadblock?
China’s infrastructure building spree across the nation seems to have been halted due to Pakistan’s inability to pay its loans
Market Daily: KSE-100 plunges 758 points pre-election
KSE-100 index continued to slide, as was the case on Friday. The bears dragged down the market by 758 points to 40,464 level (down 1.84 per cent) as pre-election jitters engulfed the market.
Punjab agriculture department to provide assistance to farmers
ISLAMABAD: Punjab Agriculture Department is to provide financial and technical assistance to farmers under a project to develop the irrigation system on...
Investors to remain cautious as election week begins
LAHORE: Equity experts believe that investors will take a defensive stance during the 'high stakes' week with the general elections set to...
Reduction in taxes on essential items imperative for people, says ICST
ISLAMABAD: The Islamabad Chamber of Small Traders (ICST) on Sunday said taxes on essentials should be reviewed to shield the vulnerable from...
China’s leading IT company to explore investment, business opportunities in Pakistan
BEIJING: A leading Chinese digital solutions provider has shown tremendous interest to explore the Pakistani market for investment and business through joint...
CPEC golden opportunity for next govt to overcome challenges: Ali Zafar
LAHORE: Caretaker Federal Minister for Information, Broadcasting, National History and Literary Heritage Barrister Syed Ali Zafar Sunday said that the China-Pakistan Economic...
Furniture market provides massive opportunity to strengthen trade, economy: PFC
ISLAMABAD: Pakistan Furniture Council (PFC) has said that handmade world class Pakistani furniture market has a huge opportunity for furniture exporters across...
Fish exports up by 14.57pc to $451.026m
ISLAMABAD: The exports of fish and fish preparations surged by 14.57 per cent during the fiscal year 2017-18 as compared to the...
Political stability key to economic growth: SAARC CCI
ISLAMABAD: SAARC's Chamber of Commerce and Industry (CCI) Senior Vice President Iftikhar Ali Malik Sunday said that political stability studded with uninterrupted...
RCCI to hold IT conference in August, promote fintech, e-commerce
RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) is going to organise a Financial Technology Conference (FinTech) in August.
The primary purpose...
Experts point at caretaker govt for keeping mum over critical economic issues
LAHORE: Holding the caretaker government+ accountable for keeping mum over critical economic issues, independent economists point out that developments suggest swift near-term...