Pakistan may need to knock at IMF’s door
The trade gap has swelled driven by rising imports, which caused the widening of the current account deficit to $14 billion during the first ten months (July-April) of the outgoing financial year 2017-18
IP gas pipeline implementation to be reviewed in next financial year 2018-19
The 56-inch pipeline would start from the onshore gas processing facility at Assaluyeh in Iran to transverse a distance of 1,150km up to the Iran-Pakistan border
Market Daily: PSX extend gains for second consecutive week Â
Technically speaking, the KSE 100 index staged a dull session and closed just shy of 20EMA (42,979). Next major resistance is previous week’s high (43,060).
Country’s CPI surges by 4.2 per cent in May 2018
According to the monetary policy announced by the State Bank of Pakistan (SBP), the average inflation is expected to remain between in range of 4.5 per cent - 5.5 per cent, while 2018-19 inflation is expected above 6.0 per cent.
Pak Suzuki Motor Company Ltd jacks up car prices for third time in 2018
ISLAMABAD: The Pak Suzuki Motor Company Limited (PSMCL), while giving its revisions in automobile retail prices, has jacked up the prices of its vehicles...
FATA merger with KPK opens opportunity for fresh investment: BMP
KARACHI: The Businessmen Panel (BMP) hailed FATA’s merger with Khyber Pakhtunkhwa (KP) province as a landmark advancement opening fresh vistas of progression...
PSO clarifies its position with regards to ongoing rumours
KARACHI: Clarifying its position on recent rumours circulating in some quarters of the local media surrounding Pakistan State Oil (PSO), the nation’s...
Global trade friction puts Asian factories, export recovery at risk
The biggest risk for China’s vast manufacturing sector, which posted surprisingly steady growth this year, stems from a potentially crippling trade war with the United States, analysts say
FBR collected Rs3.274 trillion in taxes during July-May FY18
During the five-year tenure of PML-N, the revenue collection almost doubled from Rs1.946 trillion when it took power in June 2013
Govt approves removal of Neelum-Jhelum surcharge from COD date
The outgoing government gave go-ahead to exemption from income tax on profits and gains of prevailing businesses carried out by people in Fata and Pata for next five years
Suzuki set to jack-up car prices by Rs20,000 to Rs30,000
The increase is being attributed to a weakening Pakistani rupee and this marks the third time since January this year when Suzuki hiked the prices for its cars
Mangla refurbishment work to complete by 2023, increase power generation by 35 percent
Pakistan’s generation capacity will stand at around 35,000MW by 2019; of which 14,000MW would be generated through GE equipment
Tax revenues rose 106 percent during PML-N’s five-year tenure
Corporate tax rates decreased from 35 percent to 30 percent in last five years and it is slated to fall further to 25 percent by the tax year 2023
Foreign reserves fall to record low of $10.03 billion
During the week ending May 25, 2018, foreign exchange reserves held by the State Bank of Pakistan (SBP) shrunk by $286.4 million to $10.03 billion, down 2.7 per cent.
IMF bailout looms for Pakistan as debt surge raises alarm
By Kamran Haider and Faseeh Mangi
Nation’s financing needs is the highest in emerging markets; At least $9.5b foreign debt to be raised in next fiscal year
For...