ECC extends PM’s export package for next three years
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, chaired by Prime Minister Shahid Khaqan Abbasi Wednesday approved the extension of Prime...
Market Daily: KSE 100 drops as political temperatures set to rise
LAHORE: The Pakistan Stock Exchange (PSX) ended a range bound session in the red. With just one more day left for the...
PML-N’s performance review contrary to claims
High fiscal slippage, falling reserves, and rising debt major threat to the economy.
Another round of urea price hike expected from June
LAHORE:Â It has been learnt that another round of escalated urea prices is expected to kick off starting June, following the federal cash...
Cost effective gas supply ensured for all consumers : PM
ISLAMABAD: Prime Minister Shahid Khaqan Abbassi has said that the government has ensured cost-effective and efficient supply of gas to all the...
Former KASB Bank sponsors submit objections to SBP
State Bank of Pakistan (SBP) used its regulatory powers under Section 47 of the Banking Companies Ordinance 1962 to merge KASB Bank with and into BankIslami Pakistan Ltd (BIPL) in May 2015 at a token price of Rs1,000 on the basis of the valuation conducted by the audit firm.
China slams surprise U.S. trade announcement says ready to fight
The U.S said on Tuesday that it still held the threat of imposing tariffs on $50 billion of imports from China and would use it unless Beijing addressed the issue of theft of American intellectual property
Circular debt in power sector touches Rs573 billion
Joint secretary disclosed the government was extending a subsidy of Rs52.2 billion to Azad Jammu and Kashmir, Rs14.2 billion to the Federally Administered Tribal Areas (Fata), Rs31.4 billion to the industrial sector and was providing 650 megawatts of electricity to K-Electric
Govt finally announces Pakistan’s 1st national food security policy
The NFSP anticipates 4 percent yearly growth in food production which includes fisheries, livestock and crops
Govt gives go-ahead to $3.3 billion foreign borrowings obtained in last one year
The federal cabinet approved the waiver of millions of dollars in taxes to foreign lenders which were ought to be paid to Pakistan on the interest income they earned from the loans given out
Water shortage threatens cotton sowing and production
Cotton plantation in Punjab wasn’t as severely impacted by water shortage but could only be sown at 4.39 million acres or 77 percent of the targeted area set at 5.70 million acres
Provincial overdrafts from SBP rise to Rs85b due to spending splurge
According to officials in the finance ministry, the centre would fail to meet rising requirements of debt servicing, defence and development with limited resources due to over 62 percent resources under federal divisible being allocated to provinces under National Finance Commission (NFC) awards
Pol products output posts 12.31 percent increase during July-March FY18
The production of high-speed diesel grew 13.56 percent, diesel by 28.10 percent, while furnace oil production witnessed a growth of 6.55 percent
Merger of Bayer, Monsanto approved for world’s biggest agrochemical corporation
The US Department of Justice has reached a settlement that would allow Bayer AG's $66 billion takeover of Monsanto Co, requiring the...
Greenback closes Rs118.70 in kerb after touching Rs119
KARACHI: After Moody’s prediction of further devaluation of the Pak Rupee to Rs125 against a dollar in the current fiscal year, the...