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.
SBP injects Rs35.5b into money market
SBP on Friday injected Rs35.5 billion into money market for seven days as reverse repo purchase through its open market operation.
SBP may increase 50bps to 7 per cent discount rate, analysts suggest
Market analysts expect a hike of further 200bps in 2nd half of 2018, which will take SBP’s policy rate to 8.5 per cent by December 2018
Slow internet services in Gwadar thwarting China’s aspirations: Report
The customs authority online system in Gwadar is plagued by delays due to slow internet connectivity said Jamaldini
Apple launches $300 million clean energy fund in China
The investment from the iPhone maker, which will be made along with 10 suppliers including Pegatron Corp and Wistron Corp over a four-year period, also comes as the United States and China lock horns over trade
China’s record trade surplus with U.S. risks further inflaming trade tensions
China’s trade surplus with the United States, which is at the centre of the tariff tussle, widened to a record monthly high of $28.97 billion, up from $24.58 billion in May, according to calculations based on official data going back to 2008