Specific actions taken to save country from inclusion in FATF grey list: Miftah

ISLAMABAD: Pakistan has taken specific actions to save the country from being included in the Grey List by Financial Action Task Force...

Foreign reserves dip down to $16.652 billion

The total liquid foreign reserves held by the country stand at $16,652.2 million as of May 18, 2018.

CDWP approves 24 projects worth Rs19.6bn, refers 12 to ECNEC

ISLAMABAD: The Central Development Working Party (CDWP) has approved 24 projects worth Rs19.6 billion out of which 12 projects worth Rs781.39 billion...

Meezan Bank signs MoU with VPL for importing UD Trucks in Pakistan

KARACHI: Meezan Bank, Pakistan’s first and largest Islamic bank has recently signed a Memorandum of Understanding (MoU) with VPL Limited – a...

Pakistan exports IT products, services to over 100 countries: Anusha Rahman

ISLAMABAD: The Information Technology (IT) export market of Pakistan has expanded to over one hundred countries during the last five years of the...

UK, LCCI commit to strengthening trade

ISLAMABAD: The British High Commission (BHC) and the Lahore Chamber of Commerce and Industry (LCCI) have committed to strengthening trade collaborations. The British...

SBP to announce fiscal policy for two months on Friday

ISLAMABAD: The State Bank of Pakistan (SBP) will announce the fiscal policy for next two months on Friday. As per a statement issued...

PIA revenues, operational costs rise in Q1 2018

KARACHI: Pakistan International Airlines (PIA) in the first quarter of the year 2018, has generated Rs23.5 billion in revenues, up by Rs1.6...

Market Daily: KSE 100 Index closes up 27.43 points, settles at 42,772.25

LAHORE: What an anticlimax to such a brilliant run-up from the 22nd of May, as market momentum fizzled out in the wake...

Gas consumers in Sindh, Balochistan to receive Rs18bn from SSGCL in 5 years

SSGCL, which was overcharging its customers, has to pay back Rs 18 bn over the next 5 years, instead of paying instantly, allegedly due to its influential shareholders.

Pak-Qatar General Takaful maintains ‘A’ IFS rating from PACRA

KARACHI: The Pakistan Credit Rating Agency (PACRA) has maintained Pak-Qatar General Takaful Limited (PQFTL) as an ‘Insurer Financial Strength (IFS) Rating’ of...

PAAPAM approaches court against dissolution of EDB

ISLAMABAD: As the automotive and parts manufacturers have so far been unsuccessful in convincing the government to review the dissolution of the...

Govt approves country’s first ever “Digital Pakistan” policy

PM Abbasi announced a cash reward and extension of a tax holiday on IT exports till 2025, reduction in sales tax to 5% in Islamabad Capital Territory and ensured long-term financing at 5% interest rate and formation of legislation for new IT parks

China helping Pakistan avert foreign currency crisis

Pakistan obtained $1.5 billion from China during the first ten months of the current financial year 2018-19

Ecnec gives go-ahead to Rs775 billion, infrastructure and social development projects

Ecnec gave approval to the fourth revised PC-I of Neelum-Jhelum hydroelectric project at a revised cost of Rs506.81 billion