Economic affairs secretary leads delegation at ADB board’s annual meeting
MANILA: The governors of the Asian Development Bank (ADB) have supported the idea of applying differentiated pricing in the bank’s regular OCR...
OGDCL injects 17 new oil, gas wells in production gathering system
ISLAMABAD: The Oil and Gas Development Company (OGDCL) has injected 17 new oil and gas wells, producing 359,267 barrels of crude oil and...
Pakistan suggests ADB strengthen its resident mission
“The ADB may also further strengthen its capacity to support social sector, help expand private sector, operations including Public-Private-Partnerships (PPPs), enabling development member countries to address these challenges,” Economic Affairs Division Secretary Syed Ghazanfar Abbas Jilani said
SBP injects Rs1,070 billion into money market
KARACHI: The State Bank of Pakistan (SBP) on Friday injected Rs1,070 billion into money market for seven days as reverse repo purchase through its...
Govt allocates Rs100bn for Diamer-Basha, Dasu dams
ISLAMABAD: State Minister for Finance Rana Muhammad Afzal Khan on Friday informed the Senate that an amount of Rs100 billion has been...
CCP fines five battery manufacturers Rs1m each
ISLAMABAD: The Competition Commission of Pakistan (CCP) has imposed a penalty of Rs1 million each on five battery manufacturers for violating section...
Pakistan moves to tax US advertising space on digital giants Google, Facebook
ISLAMABAD: Pakistan has proposed 5% tax on digital revenues, hitting US tech giants like Google, Amazon and Facebook, while also moving to bring...
‘First right to purchase’ property unlikely to find takers
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi’s pet scheme to acquire the ‘first right to buy’ a property in a bid to discourage tax...
Japanese, Chinese bike assemblers raise prices
KARACHI: The Japanese and Chinese bike assemblers have increased prices again, unofficially the rupee’s fall against the dollar is the reason given...
UK firm on enhancing trade with Pakistan post Brexit
UK to support Pakistan in enhancing trade: Diplomat
ISLAMABAD: The UK government reiterates its support for Pakistan to benefit from the EU’s GSP+...
France keen to do business in Pakistan: Consul general
More French companies taking interest in Pakistan: French envoy
KARACHI: Karachi is a peaceful, vibrant and lovely city, along with being the business...
Rs100b allocated for Diamer-Bhasha, Dasu dams: Rana Afzal
ISLAMABAD: State Minister for Finance Rana Muhammad Afzal Khan on Friday informed the Senate that Rs100 billion had been allocated in the...
Market Daily: KSE 100 closes down 209.72 points at 44,536.91
LAHORE: Given the risks presented by Pakistani elections coinciding with an increasingly dicey economic backdrop, market chatter is tilting in favor of...
Finance minister praises youth, encourages career-building activities
ISLAMABAD: Finance Minister, Miftah Ismail here on Friday said that providing opportunities to young students to actively participate in extracurricular activities gives a boost...
Budget pro-poor, pro growth: Senate treasury benches
ISLAMABAD: Treasury benches in the Senate Friday termed the federal budget 2018-19 as pro-poor and growth-oriented, while the opposition termed it as...