Pakistan gets foreign loans worth $4.5bn in five months
Gross loans during July-Nov FY21 were equal to 37pc of the annual budget estimate of $12.23bn
‘PTC to set up BPO hub for Asia Pacific, Middle East in Pakistan’
ISLAMABAD: Pakistan Tobacco Company (PTC), which is a subsidiary of British American Tobacco, has announced to establish its business process outsourcing (BPO)...
Foreign direct investment falls in negative territory
Pakistan's net Foreign Direct Investment (FDI) stood negative at $16 million in November 2020 compared to positive $192.4 million in the same...
Motorbike, three-wheeler sales up 18pc in July-Nov period
ISLAMABAD: The sale of motorbikes and three wheelers increased 18.07 per cent during the first five months (July-Nov) of the current financial...
ECC approves electric vehicle, mobile device manufacturing policies
ISLAMABAD:Â The Economic Coordination Committee (ECC) of the Cabinet has approved the 'Mobile Device Manufacturing Policy' as well as the 'Electric Vehicles Policy'...
‘Pakistan, IMF on same page regarding power sector reforms, circular debt’
ISLAMABAD: State Bank of Pakistan (SBP) Governor Dr Reza Baqir said on Tuesday that the International Monetary Fund, like the government, wants...
ECC likely to approve Rs739bn Karachi Transformation Plan
ISLAMABAD: The Economic Coordination Committee (ECC), in its upcoming meeting, is likely to approve the Rs739-billion Karachi Transformation Plan.
As per details, Finance...
Petrol price increased by Rs3 per litre
The government on Tuesday increased the price of petrol by Rs3 per litre.
According to the Finance Division notification, a litre of petrol...
Big industry expands 6.6pc in October
ISLAMABAD: The large-scale manufacturing (LSM) sector grew 6.6 per cent YoY during October 2020, according to data released by the Pakistan Bureau...
Steelmakers feel the heat of rising input costs
ISLAMABAD: The drastic increase the prices of raw material has created a crisis-like situation in the struggling steel sector of Pakistan, as...
Tractor production up 19.8pc in July-Nov period
ISLAMABAD:Â Production of farm tractors increased 19.83pc to 19,041 units during the first five months (July-November) of the current financial year (FY2020-21), as...
Remittances remain above $2bn for sixth consecutive month
Pakistan maintained a strong momentum in workers' remittances, crossing the $2-billion mark for the sixth consecutive month in November, State Bank of...
Govt plans to save over Rs500bn through targeted subsidies
ISLAMABAD: The government's 'subsidies cell', under the supervision of Special Assistant to Prime Minister on Revenue Waqar Masood, has estimated to save...
SBP reserves up $188m to $13.29bn
KARACHI:Â The foreign exchange reserves held by the central bank rose $188 million on a weekly basis, according to data released by the...
FBR sees 63pc jump in income tax collection
ISLAMABAD: The Federal Board of Revenue (FBR) has received a record number of returns this year, along with the highest ever amount...