Widening twin deficits overshadow performance of real economy: SBP
KARACHI: Real Gross Domestic Product (GDP) maintained its upward trajectory, exhibiting a 13-year high growth of 5.8 per cent in FY18. Benign...
Humiliation continues: Pakistan slapped with another Rs11b partial penalty in IPP case
Islamabad: Humiliation seems to be becoming a new norm, as a local newspaper reported that London Court of Arbitration (LCA) has slapped...
Pakistan obtained record loans of $11.4 billion during FY18
Loans obtained during FY18 of $11.4 billion were 48 percent or 3.7 percent higher than its government own projection put before parliament in June last year
Ambassador Chaudhry says enormous business opportunities exist between Pakistan, US
WASHINGTON: Pakistan Ambassador to the United States Aizaz Chaudhry urged a high-level business delegation from Pakistan to increase interaction with their American...
Pakistan to decide on $12 billion bailout in six weeks
Asad Umar says no formal talks held as yet
ISLAMABAD: Pakistan may need more than $12 billion to halt an impending financial crisis...
CPEC ushers Pakistan into new industrialization phase: China Daily
BEIJING: Pakistan, under China-Pakistan Economic Corridor (CPEC), has entered the industrialization phase and with renewed conviction, the country can rely on the...
Pakistani delegation departs for China to attend FATF meeting
Pakistani delegation under Finance Secretary Younus Dagha left for China on Tuesday to attend a session of the Financial Action Task Force,...
Hafeez Shaikh to discuss upcoming budget with business community tomorrow
ISLAMABAD:Â Advisor to Prime Minister on Finance Dr Abdul Hafeez Sheikh will visit Lahore tomorrow (Saturday) to discuss in detail matters of mutual...
China wants to downgrade status of ML-I from ‘strategic project’
ISLAMABAD: China wants to relegate the status of ML-I from ‘strategic project’, which would change the dynamics of financing for this project,...
Belgium keen to capitalise on Pakistan’s investment potential: envoy
ISLAMABAD: Ambassador of Belgium to Pakistan Philippe Bronchain has said that his country was interested in making investments in Pakistan, as it...
Discretionary fund for top govt officials fixed at Rs1,000
Govt lowers discretionary fund for president, Senate chairman, NA speaker, opposition leader
ISLAMABAD: The federal government has lowered the president’s discretionary fund...
NADRA reduces microfinance verification cost under NFIS
ISLAMABAD:Â National Database and Registration Authority (NADRA), on the recommendation of Technical Committee on Insurance, formed under the National Financial Inclusion Strategy (NFIS),...
Indonesian president’s visit to strengthen trade relations between two countries: SAARC Chamber
ISLAMABAD: SAARC Chamber of Commerce and Industry Vice President Iftikhar Ali Malik Wednesday said forthcoming 2-day state visit of Indonesian President Joko...
NAB initiates inquiry against BoP on defaulter’s complaint
ISLAMABAD:Â The National Accountability Bureau (NAB) has started an inquiry against Bank of Punjab (BoP) on the issuance of 70 per cent rights...
PSX mimics global markets, gains 369 points on Covid vaccine hopes
KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday closed in green in line with global markets, which rallied on hopes of a...