EU says China could open its economy if it wishes
Long accused of protectionist tactics that make it a difficult place for foreign firms to operate, China is trying to reverse that narrative amid the escalating trade war by approving huge investments, such as a $10 billion petrochemicals project by Germany’s BASF
Finance ministry proposes rise in regulatory duties to rein in imports
The levying of additional regulatory duties would fetch the national exchequer an additional $1.12 billion, which will assist in reining in the trade deficit
Rupee plunges to record low of Rs128 against greenback in inter-bank market
The rupee started intra-day trading Monday at Rs121.55, shooting up to Rs127.5 before peaking to a high of Rs128 in the inter-bank market against the greenback before settling down at Rs128
China’s economic growth cools amid trade tensions
The world’s second-largest economy expanded by 6.7 percent, down from the previous quarter’s 6.8 percent, the government reported Monday
SBP monetary policy exposes exaggerated claims of economic development: PEW
ISLAMABAD: The Pakistan Economy Watch (PEW) on Sunday said the monetary policy
of the State Bank has exposed the tall claims of rapid...
Former PM allegedly involved in Rs280m contract award against OGRA rules
ISLAMABAD: Former Prime Minister Shahid Khaqqan Abbasi is allegedly involved in the award of a $280 million worth contract for the 427km...
US lifts ban on suppliers selling to China’s ZTE
NEW YORK: The US Department of Commerce on Friday lifted a ban on US companies selling goods to ZTE Corp, allowing China’s...
Funds non-provision delays signal-free corridor project
ISLAMABAD: The third phase of the signal-free corridor project has been delayed owing to the non-provision of funds, being built from Zero-point...
Agriculture council approves 29 projects for funding
ISLAMABAD: The Pakistan Agricultural Research Council (PARC) has approved 29 research and developmental projects for funding under the Agriculture Linkage Programme (ALP)...
SAARC countries must work together to tackle climate change
ISLAMABAD: The SAARC Chamber of Commerce and Industry (SCCI) Pakistan chapter Sunday called upon all countries especially the South Asia Association of Regional Cooperation...
Investors to remain cautious ahead of political uncertainty next week
LAHORE: The Pakistan Stock Exchange (PSX) is to remain range-bound with investors preferring to remain cautious following the unsettling political climate in...
Manifestos of major political parties lack immediate solution to economic issues
ISLAMABAD: Though the political parties realise the grave economic situation of the country, they have not shared their strategy of dealing with the...
SBP raises key interest rate by 100 basis points to 7.5 percent
This is the third rise in the key interest rate since the start of 2018, indicating an increase in inflationary pressure and the current account deficit which is weakening the country’s economy
SCO, PTCL sign agreement to provide connectivity between China, Pakistan
The project's total cost is projected at $44 million and 85 per cent of the loan has been provided by Exim Bank of China at a discounted rate
Country’s circular debt soars to Rs521b, Senate told
Country's circular debt has soared to Rs521 billion on May 30, 2018, Minister for Energy Ali Zafar told Senate in a written reply.