Fed govt spends Rs 363bn on development in 2016-17

The government has so far released Rs 2,342 billion for various projects of the finance division out of a total allocation of Rs 9,115...

Pak exports to European Union rise 37%

Pakistan's exports to the European Union (EU) rose by 37% during the last three years on the back of the Generalised Scheme of Preferences...

SBP decides to keep interest rate unchanged at 5.75%

The State Bank of Pakistan has decided to keep the interest rates unchanged at 5.75% for the next two months despite rising pressure on...

CPI, DAVOS AND CRITICISM

  by BABAR ALI Transparency International (TI) has released its annual report of Corruption Perception Index on Wednesday. TI analysed the data taken from reliable sources...

Exchange companies awaiting Pak-rupee devaluation

Despite all efforts of the State Bank of Pakistan (SBP) to shrink the gap between the interbank and Kerb market rates, exchange companies are not...

Intra-day trading: KSE-100 crosses 50,000 points, touches record high

The Pakistan Stock Exchange (PSX) continued its record-breaking upward trajectory Tuesday (today) with the KSE-100 index testing the 50,000 barrier in intraday trading for...

Pakistan’s GSP plus status in jeopardy

    Pakistan’s GSP Plus status is in jeopardy as the government has still not prepared a report to respond to the queries raised by UN’s...

Strong deposit growth bodes well for Pak banks

    Deposits at Pakistan’s commercial banks reached Rs11.2 trillion as of December 30, 2016, some 20.4 per cent year-on-year growth in deposits compared to the...

PSX touches record height of 49,876 points

    On first day of the business week, Pakistan Stock Exchange (PSX) on Monday closed at the highest level in its history by trading up...

Seven latest locomotives reach Pakistan from US

  A consignment of seven new modern locomotives has reached Karachi from the United States to reinforce Pakistan Railways’ existing fleet. “Pakistan will receive a total...

ADB provides $196m loan for highways

    Pakistan and Asian Development Bank (ADB) on Monday signed $196 million loan agreement for the post-flood national highways rehabilitation project. The loan agreement was signed...

Pakistan, China decide to include new projects in CPEC

The Joint Coordination Committee (JCC) has agreed, in principle, to include Keti Bunder Sea Port Development project, as well as Naukuridi-Mashkhel-Panjgur road project (which...

FDI increases to 10 pc in July-Dec

FDI faces oscillating trend despite CPEC investments The State Bank of Pakistan (SBP) disclosed that for the period July to December 2016 the Foreign...

CDWP approves 18 projects worth Rs 154 bn

ISLAMABAD: The Central Development Working Party (CDWP) on Tuesday approved significant projects to transmit electricity from the power plants to the national grid for...

Pakistan poised to enter ‘hot zone’ economic activity, says Nestle MD

Citing improving economic growth, better law and order situation and easing energy crisis, Pakistan Nestle’s Managing Director and Chief Executive Officer sees Pakistan poised...

Popular News

Cement prices surge to previous levels in Punjab

LAHORE: Cement prices, after witnessing a drop of almost 15pc during the last five months, have started reverting to the previous level in the northern...

Latest News

Pakistan’s exports will increase up to $36bn in 5 years: IMF

ISLAMABAD: The International Monetary Fund (IMF) has projected that Pakistan’s exports will increase to USD 36.7 billion in five years, by the year 2023-24. The...