Caretaker govt fails in recommending gas prices proposed by OGRA
ISLAMABAD: Two state-owned gas utilities, SNGPL and SSGCL are facing with severe financial constraints while the caretaker government has so far not...
CPEC to generate 1.2m jobs by 2030: study
ISLAMABAD: China Pakistan Economic Corridor (CPEC) has a potential to create a total of 1.2 million direct jobs through its currently 42...
$10b Pak-Russia offshore gas pipeline deal under negotiations
ISLAMABAD: Bilateral negotiations are in progress to finalise a Memorandum of Understanding (MoU) for an offshore pipeline deal, aimed at supplying gas...
Pakistan dismisses US concerns about IMF bailout
ISLAMABAD: Pakistan on Wednesday dismissed US concerns for 'a new International Monetary Fund (IMF) bailout for the South Asian nation are to...
Pakistan’s ambassador to US eyeing stronger economic relations
KARACHI: More companies from the United States (US) will soon come to Pakistan with various steps being taken to boost bilateral trade...
In Iran, economic worries grow as new US sanctions loom
TEHRAN: Iran’s currency plummeted to a record low on Monday, a week before the United States restores sanctions lifted under the unraveling nuclear...
Petroleum prices likely to remain unchanged until new govt sets in
LAHORE: The caretaker government is likely to leave petroleum product prices unchanged for August after the finance minister suggested that the decision...
Market Daily: KSE-100 down 844 points
LAHORE: The Pakistan Stock Exchange (PSX) witnessed a turbulent session on Tuesday after four days in the green. An international media agency...
Pakistan’s first digital nano loan launched by Telenor Microfinance Bank
KARACHI: In continuation of its efforts to increase financial inclusion, as part of the Government of Pakistan’s National Financial Inclusion Strategy of...
Lucky Cement records consolidated profit of Rs14.82b
KARACHI: On a consolidated basis, Lucky Cement Limited reported a net profit after tax of Rs14.82 billion after taking out Rs1.35 billion...
Financial, admin issues cause rift between commerce secretary, TCP chairman
ISLAMABAD: A tussle between the Commerce Secretary and Trading Cooperation of Pakistan (TCP) Chairman Mushtaq Ahmed Sheikh on the matter of financial...
China for proper handling of IMF’s funds to Pakistan against Pompeo’s warningÂ
BEIJING: A spokesman of the Chinese Foreign Ministry, Geng Shuang at a regular news briefing here on Tuesday hoped that matters relating to the...
Economists term US state secretary’s IMF statement “alarming”
U.S. Secretary of State Mike Pompeo, in an interview with CNBC television on July 30, has warned against providing IMF bailout for Pakistan's new government that includes funding to pay off Chinese lenders
Government failed to decrease trade tariff and exemptions: IEG
Under the loan granted by WB to Pakistan, one of the conditions set was to decrease trade tariffs and tariff exemptions to enhance innovation and competitiveness
PTI aims to resuscitate PSEs by creating wealth fund
The likely finance minister said the PSEs have been bleeding the national exchequer to the tune of Rs1,100 billion losses with Pakistan Steel Mills topping the list