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Govt allows PSO to import furnace oil for power sector after three-month ban

ISLAMABAD: The government lifted a three-month ban on import of furnace oil as it directed state-owned Pakistan State Oil to ensure import...

Pakistan obtains another $500 million loan from ICBC

ISLAMABAD: Pakistan has obtained another $500 million loan from Industrial and Commercial Bank of China (ICBC) due to dwindling foreign exchange reserves and...

Being put on FATF list, may spike up banks foreign transaction costs

KARACHI: Pakistani banks could see a major spike in costs of their foreign transactions if the country is put on the international...

Govt appreciates budget proposals from tax bar bodies: Haroon Akhtar

ISLAMABAD: Special Assistant to Prime Minister on Revenue Haroon Akhtar Khan has said the government values the contribution of tax bar associations...

Global stocks set for best week in six years, dollar sags

LONDON: World shares were set for their best week of gains in six years on Friday after two consecutive weeks in the...

Bitcoin’s jumps to $10,000, yet investors still down $60bn in 2018

LAHORE: Over $550 billion of value was wiped off the entire cryptocurrency market in just under a month when Bitcoin slid another...

Market Daily: KSE 100 breaks 43,000 psychological barrier, gains 684.75 points

LAHORE: After two turbulent sessions at Pakistan Stock Exchange (PSX), just when it looked like things were going to fall apart, they...

FATF watch list threatens with plausible economic pressure

KARACHI: Inclusion of Pakistan in the global terrorist financing watchlist can increase the cost of doing foreign transactions for the country, according to...

SECP adopts three AAOIFI Shariah Standards

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has notified the adoption of three Shariah Standards of the Accounting and Auditing...

Govt releases Rs293.23 million for industrial projects under PSDP

ISLAMABAD: The government has released Rs 293.230 million for several industrial development projects under its Public-Sector Development Programme (PSDP) 2017-18 as against...

Pakistan IT exports expected to cross $6b by next year

KARACHI: Pakistan’s nascent information technology sector exports have risen over $5 billion, said co-founder of 10XC, Saif Akhtar on sidelines of a...

Debt pile: Pakistan’s commercial loans register staggering 189pc increase in one year

ISLAMABAD: The debt accumulated through commercial loans by Pakistan in last one year escalated by a shocking 189% or $3.5 billion, reported...

Food import cargoes languish at port due to stringent import polices

KARACHI: Tons of herbs and spice are languishing at the Karachi port, waiting to be offloaded due to stringent import procedures and...

FBR investigating fund manager to “unearth” Pakistani investors in UAE’s realty

KARACHI: The Federal Board of Revenue’s, Regional Tax Office in Karachi has enlisted the help of a fund manager to find out...

Senate approves setting up of tribunal to challenge Nepra decisions

ISLAMABAD: A key legal change has been approved by a senate body to clip the powers wielded by National Electric Power and...