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
Dollar-denominated bond investors seek govt permission to trade them at PSX
Security Exchange Commission of Pakistan (SECP) permission is necessary for listing the bonds at the stock exchange
Pak-China fibre optic cable set for opening today
The projects total cost is projected at $44 million and 85 percent of the loan has been provided by Exim Bank of China at a discounted rate
Railway project progress under CPEC discussed between Pakistan, China
A delegation of Chinese consortium in terms of Framework Agreement called on Ministry of Railways Chairman Muhammad Javed Anwar in Islamabad on Thursday and discussed progress on ML-I (Karachi-Peshawar) project.
Finance Ministry to provide ‘real picture’ of public debt: Shamshad
Dr Shamshad said public debt mainly increased due to fiscal deficit, IMF loan, balance of payments requirements and rupee depreciation against the dollar.