Foreign lenders rebuff appeal for transfer of loans to transmission line projects
The power division in its tabled summary demanded Rs9.84 billion via the issuance of sovereign guarantees to be obtained from local commercial banks for connecting new nuclear plants in Karachi to the national grid
Senate panel advises to loosen curbs on non-filers in car, property purchases
The Senate panel suggested non-filers of income tax returns to be given permission for buying or importing cars up to 1,000cc with the target to assist the middle-income group
Senate panel approves taxing tech giants Google, Amazon and Facebook
Pakistan's laws now stand compliant with OECD rules and regulations
Govt contemplating to scrap regulatory duty on dry milk imports
Bilateral trade between Pakistan and Netherlands crossed the $1.21 billion mark during 2016-17 and in July-April 2017-18 total trade volume stood at $1.54 billion
ECAP asks central bank to scrap Pakistan remittance initiative
ECAP backed the embargo enforced by the Dubai government and said it shouldn’t be reversed
Government to issue floating rate PIBs to raise Rs150 billion: SBP
The auction for these 10-year bonds is expected to be held on May 16th, June 13th and July 11th in which Rs50 billion each is being targeted to be raised
FPCCI to meet PM, Finance Minister to discuss budget anomalies
FPCCI to hold a meeting on Tuesday with Prime Minister Shahid Khaqan Abbasi and Federal Finance Minister Dr Miftah Ismail to discuss the issues and anomalies of the recently announced Federal Budget 2018-19.
Bilateral trade between Pakistan, Netherlands crossed $1.21bn in 2016-17
Bilateral Trade between the two countries has crossed $1.21 billion mark during 2016-17 and in July-April 2017-18 total trade volume was $1.54 Billion - exports at $716.18 million and imports at $831.18 million.
PAMA urges Ministry of Finance to remove restriction for non-filers
The new initiative of restricting non-filers from purchasing motor vehicles to cause a reduction in the sale of 240,000 units
Pakistan’s Auditor General initiates special audit of MNCs in tobacco sector
Pakistan’s Auditor General has started a forensic audit of multi-national companies (MNCs) of tobacco sector and sought necessary record from MNCs to conclude the audit within 15 days in light of Public Accounts Committee’s (PAC) directions, it has been learnt.
Miftah reaffirms conducive business environment for investors
ISLAMABAD: Minister for Finance Dr Miftah Ismail Monday reaffirmed the government's commitment to providing a conducive business environment for local and foreign...
Dollar resurgence halting emerging market rate cut cycle
With the dollar on the rise, emerging currencies have weakened some 3 percent in the past two weeks, as measured by a JPMorgan index
With FATF deadline looming, Pakistan faces challenges to curb money laundering: Report
A president of a private bank in Karachi believes if Pakistan got placed on the grey-list it would make it very difficult for the country to borrow on international markets
Engro corporation to invest $21.375 million in Siddiqsons energy
Siddiqsons Energy Limited is a special purpose vehicle (SPV) established to develop around 330 megawatts of Thar coal-fired power generation facility in Block II, district Tharparkar Sindh on a build, operate and own basis
PSX performance remained conflicting to expectations last week: Report
A Bloomberg report said KSE-100 index had been amongst the best-performing stocks in the Asia emerging market (EM) stock index but pre-election uncertainties could jeopardize the rally