Stable policy environment overturns growth momentum
LAHORE: Pakistan’s Gross Domestic Product (GDP) growth momentum is expected to be dragged down by the current fiscal year while the stable policy...
SECP, NACTA vow to stand against money laundering, terror financing
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) and National Counter Terrorism Authority (NACTA) have resolved to jointly undertake all necessary...
NEPRA jacks up power price by Rs0.5 per unit
ISLAMABAD: The already burdened power consumers of the country are to face a hike in power tariff as the National Electric Power...
IMF bailout on the cards as Pakistan elects new government
Bailouts are sizeable and always come with strings attached
Pakistan all set to elect PM who will face bailout crisis
ISLAMABAD: Pakistan's general elections on Wednesday will decide the prime minister for the next five years whose first pressing task will be...
Strong liaison among public bodies needed to expedite growth, remove bottlenecks: PM
ISLAMABAD:Â Caretaker Prime Minister Justice (r) Nasir-ul-Mulk has stressed the need for strong coordination amongst government bodies to provide maximum facilities to businessmen...
CPEC fastest-moving and most effective project under BRI: Report
CPEC construction has created nearly 60,000 direct jobs in Pakistan. It is expected to create 700,000 jobs in the country by 2030. If related industries are counted, at least 3.5 million jobs will be created, benefiting millions of families
CPEC will receive wide support from all sections of Pakistan’s society: Imran Khan
It is expected that in the next five to seven years, the corridor will create 500,000 jobs for the Pakistanis
90 percent of Chinese assistance under CPEC disbursed to three projects: Report
$1.6 billion of loans were disbursed for Orange Line Metro Project in Lahore, Thakot-Havelian motorway and Sukkur-Multan motorway
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...