Current account deficit widens to $18bn in 2017-18, dollar at Rs128.60 interbank
CAD has jumped by 5.7 per cent of total country’s gross domestic product (GDP) this year.
Large-scale manufacturing industry grows by 6pc
ISLAMABAD: The Large Scale Manufacturing Industries (LSMI) of the country witnessed a growth of 6 per cent during the first eleven months...
Planning ministry for expediting sustainable development goals
ISLAMABAD: A meeting with the line ministries on the Sustainable Development Goals (SDGs) was held here in the Ministry of Planning Development...
Market Daily: Ongoing rally sees KSE-100 rake in 2,130 points
The Pakistan Stock Exchange (PSX) continued its winning streak as the equity market stretched Wednesday’s rally, gaining 898 points (2.19 per cent) to close the day at 41,796.
Pakistan’s agriculture sector records notable improvement: ADB
ISLAMABAD: In Pakistan, agriculture recorded a notable improvement over the previous fiscal year and surpassed the Asian Development Bank’s annual growth target...
SECP prescribes risk management, control guidelines for fund management industry
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has prescribed risk management and control guidelines for Asset Management Companies (AMCs). The...
ZTE all set to recapture IT market as US lifts ban
In a major development, the United States has lifted its trade ban on China’s telecom giant, ZTE, making way for the company...
With retaliatory measures, US especially vulnerable in trade war: IMF’s Lagarde
WASHINGTON: The US economy is “especially vulnerable” to damage from the burgeoning global trade war, which could shave hundreds of billions of...
Nikkei Asian Review dubs CPEC as Chinese debt trap
GWADAR: Pakistan’s trade deficit with China has been rising, and there are concerns about what happens if it is unable to repay...
Yet another power tariff increase in the works
ISLAMABAD: After a respite of several months, electricity consumers are now bracing for another tariff increase on account of fuel cost adjustment for...
Rupee depreciation pushes steel prices by 20% up since year-end
KARACHI: Prices of different forms of steel in the country have started increasing as industry players shift the impact on to buyers following...
State Bank proposes landmark policy to promote low-cost housing finance
KARACHI: The State Bank of Pakistan (SBP), after consultation with relevant stakeholders, has developed a draft policy for the promotion of low-cost...
India siding with US on trade against China a risky game: Global Times
BEIJING: India has shown signs of moving toward the position of US President Donald Trump by adopting protectionist measures against China, possibly...
PTCL group’s revenue grows 4pc to Rs60.7bn
KARACHI: Pakistan Telecommunication Company Limited (PTCL) has announced its financial results for the mid-year ended June 30, 2018, and an interim dividend...
Manufacturers raise steel prices for fourth time this year
LAHORE: The steel sector once again has raised prices by 8 per cent, which is the fourth of its kind since February...