US dollar touches Rs122 in interbank, closes at Rs121.50
KARACHI:  The dollar continued its upward trend in the interbank market on Tuesday closing at Rs121.50 against a dollar.
“The dollar touched Rs122 in the interbank...
SECP notifies regulations for non-profit associations
KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has notified the Associations with Charitable and Not for Profit Objects Regulations, 2018.
The...
IMF’s Lagarde says global economic outlook dimming by the day
Investors are fearful of a tit-for-tat trade war, though markets were relatively calm on Monday after an early wobble
Power sector receivables touch Rs779 billion
Highest percent of losses were recorded for Peshawar Electric Supply Company (Pesco) at 36.6 percent, 35.7 percent for Sepco and 19.1 percent for Hesco
Pakistan’s new rupee devaluation shows economic risk before election
Growing speculation Pakistan may return to IMF for loans
Federal government’s debt rises to Rs23.6 trillion to fill budget gap
Overall domestic debt of the federal government rose to around Rs16.2 trillion, an addition of Rs1.4 trillion or 9.2 percent in first ten months of FY18
1st unit of Tarbela fourth extension project commences generation
The official shared the second unit of Tarbela 4th extension hydropower project was also put in wet commissioning three days ago and the second unit is set to enter its reliability in the first week of July
Amnesty scheme attracts 1000 tax returns since being unveiled
The success of the tax amnesty scheme is contingent on the Supreme Court’s decision and it was expected the hearing of the case would commence in its Lahore registry on Monday
Islamic banking’s assets grew 2.8pc in Q12018
ISLAMABAD: Assets of the Islamic banking industry increased by 2.8 per cent during the quarter from January to March 2018 and were...
FPCCI invites political party’s chiefs to present economic agenda, roadmap
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry's (FPCCI's) Senior Vice President and Chairman, Budget Advisory Council, Syed Mazhar Ali...
Govt needs to rethink ban on non-filers from investing in property: ICCI
ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) Acting President Muhammad Naveed Malik has called upon the government to review the decision...
Overseas Pakistanis remit $18bn in 11 months
KARACHI: Overseas Pakistani workers remitted $18.028 billion in the first eleven months (July to May) of the fiscal year 2017-18; showing a...
Pakistan Eurobonds fall after rupee slump
A widening current account deficit, however, has fuelled speculation it will need its second International Monetary Fund (IMF) bailout since 2013
On last day in office, Abbasi govt raised LNG import margins
ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N) government increased profit margins on liquefied natural gas (LNG) imports quietly on the last but one day to...
JW Forland plans to produce dump, cargo trucks in Pakistan
KARACHI:Â JW Forland has planned to produce dump trucks, cargo trucks, and special purpose vehicles in Pakistan with an installed capacity of 30,000...