China’s yuan staring at worst month ever as trade war threatens to knock economy
The yuan was set for its biggest monthly fall on record. Chinese stocks, on a downward spiral since late January, were also poised for their largest monthly slide since January 2016
Dollar weakens by Rs1 against local currency in kerb market
On Thursday, the rupee remained stable against the dollar in inter-bank trading at Rs121.54 and has remained largely unchanged since last week
FBR includes foreign income under purview of the amnesty scheme
The FBR told for a resident Pakistani, the disclosure of income in Pakistan must include both within and foreign source
Govt irked at non-expenditure of billion-rupee funds meant for oil and gas fields
Taking serious exception to this, the committee directed details of funds from all fields and companies be presented before the upcoming session to determine how the funds were utilized, their outcomes delivered and where they remain unused and in what quantities
Pakistani money in Swiss banks down, yet still above Indian funds, claims Indian media
KARACHI: Money kept by Pakistani citizens in Swiss banks fell by over 21 per cent to a record low of CHF 1.115...
Increasing budget deficit restricts development budget releases to Rs752b
ISLAMABAD: With two days left in the current fiscal year, the government has released only Rs752.14 billion so far under its Public...
OGDCL receivables surge to over Rs200b
ISLAMABAD: The Senate Standing Committee on Petroleum on Thursday was apprised that receivables of Oil and Gas Development Authority Limited (OGDCL) have piled up...
Market Daily: Third day of recovery as KSE‐100 index adds 278 points
LAHORE: Recovery phase of the Pakistan Stock Exchange entered its third day on Thursday. Market bulls managed to maintain their control over...
Irfan Wahab Khan elected as OICCI president
KARACHI: Telenor Pakistan CEO and President Irfan Wahab Khan has been elected as the President of the Overseas Investors Chamber of Commerce...
Satisfying FATF remained an exercise in futility
ISLAMABAD: Pakistan, to the dismay of many has been placed on the FATF grey list. However, massive steps were taken by state...
Pakistan, OECD to strengthen cooperation in tax, socio-economic matters
ISLAMABAD: Pakistan and the Organisation for Economic Cooperation and Development (OECD) would further strengthen their cooperation in various areas including tax-related matters...
JS Global’s Pakistan Investment conference ends in US
KARACHI: JS Global Capital (JSGCL), Pakistan’s leading brokerage and investment banking firm, organised the third of its kind Pakistan Investment Conference 2018...
Economists urge avoiding IMF, focus on amnesty as FATF puts Pak on grey list
ISLAMABAD: Despite concentrated efforts to avoid the inclusion, Pakistan has officially been placed on the Financial Action Task Force (FATF) 'grey list' on...
Pakistan’s gross borrowing requirement stands between 27-30 percent of GDP: Moody’s
Pakistan (B3 negative) alongside Argentina (B2 stable), Ghana (B3 stable), Mongolia (B3 stable), Sri Lanka (B1 negative), Turkey (Ba2 RUR-), Zambia (B3 stable) are the most vulnerable to a US dollar appreciation
SMEDA facilitated Rs29.73 billion investment in last ten years
SMEDA supported up-gradation of 27 existing SME clusters by providing them common facility centres of worth Rs 2.772 billion as PSDP (Public Sector Development Programme) projects.