ADB projects decline in GDP, as trade deficit continues to worsen
ISLAMABAD: According to a new Asian Development Bank (ADB) report, Pakistan’s economy is projected to maintain strong growth in fiscal year (FY) 2018...
Govt removes FATF concerns regarding amnesty scheme, Senator Haroon Akhtar
ISLAMABAD:Â Special Assistant to the Prime Minister on Revenue, Senator Haroon Akhtar has said that the Financial Action Task Force (FATF) has not...
Market Daily: KSE 100 index closes at 46,486.50, up 9.77 points
LAHORE: The 100 Index started the day on a buoyant note, pushing the 100 Index higher in a bid to recoup losses...
Pakistan to establish trade bond between South, Central Asia, China: Ahsan Iqbal
BEIJING:Â Interior, Planning, Development, and Reforms Minister, Ahsan Iqbal, has said that the completion of China Pakistan Economic Corridor (CPEC) would revolutionise trade...
Pak, Kuwait Fund sign agreement to finance Golen Gol Hydropower project
ISLAMABAD: The Government of Pakistan and the Kuwait Fund here on Wednesday signed a Supplementary Loan Agreement of KD 4.5 million (equivalent to $15 million)...
Punjab’s tax collection rises to Rs32bn from Rs8bn a decade ago: Shuja ur Rahman
LAHORE: Punjab's tax collection has increased to Rs32 billion compared to Rs8 billion a decade ago, on the back of an expanding...
SECP to adopt 7 new Islamic finance standards
ISLAMABAD: Pakistan’s capital market regulator will introduce seven new standards covering a variety of Islamic finance transactions, as it fast-tracks the adoption...
Lagarde voices optimism on global growth, warns of trade protectionism
HONG KONG: The International Monetary Fund (IMF) is optimistic on the outlook for global growth but warned darker clouds are looming due...
Sprint restarts merger talks with T-Mobile US
WASHINGTON: Sprint Corp has restarted talks to merge with T-Mobile US Inc, people familiar with the matter said on Tuesday, the latest...
China promises to open its financial sector to foreign investment by end-2018
BOAO: China laid out a clearer timetable on Wednesday for opening its financial sector to more foreign investment by the end of...
Generator sales spike in Karachi, as power outages return
KARACHI: Generator sales have spiked in Karachi since power outages increased in the last few weeks and the dispute between K-Electric and...
Govt fails in attaining saving rate, investment to GDP ratio target
ISLAMABAD: The incumbent government in its five-year tenure has failed to address the key structural issues of Pakistan’s economy i.e. saving rates...
CSF receipts not to be part of tax revenue projections for FY 2018-19
ISLAMABAD: The upcoming budget for financial year 2018-19 will see the removal of Coalition Support Fund (CSF) receipts from the budget projections.
The...
Dairy industry rejects recommendation of 5 percent duty on milk powder import
LAHORE: A proposal by Federal Minister for National Food Security, Sikander Hayat Bosan to permit buyers of fresh milk to import milk...
Govt to supply RLNG to revive 2,500MW power plants
KARACHI: To bolster its power generation capacity to cope with the present power crisis, the government has decided to revive two defunct...