Global stocks set to gain as risk appetite returns
LONDON: World stocks and commodities rose on Friday, with stocks set to post their biggest weekly gain in over a month as...
Hindrances in GE power plants could cause headaches for PML-N
ISLAMABAD: A pledge by Pakistan’s ruling party to end electricity outages ahead of a general election in mid-2018 is being undermined by...
China posts rare trade deficit, as surplus with US stands at $15.4 billion
BEIJING: China’s global trade balance swung to a rare deficit in March as exports shrank but its surplus with the United States,...
Pakistan holds huge potential in renewable energy, requires reforms to tap it: IRENA
ISLAMABAD: Pakistan possesses huge potential in the realm of renewable energy, but lacks a clear target in this sector, said the International...
Power sector receivables jump 10 percent, touch Rs 805 billion
ISLAMABAD: Pakistan’s power sector receivables rose to Rs805 billion by end of January 2018, posting a 10 percent increase in 1st seven...
Chinese firm expresses interest in establishing deep oil refinery in Pakistan
ISLAMABAD: A Chinese state-owned entity has expressed interest in building an up-country deep conversion oil refinery at a cost of $7-8 billion...
PSO-Attock petroleum open country’s most advanced fuel farm at New Islamabad Airport
ISLAMABAD: Pakistan’s most sophisticated fuel farm facility was opened at the New Islamabad International Airport by Adviser to Prime Minister on Aviation...
PM rejects move to eliminate subsidy for industrial consumers
ISLAMABAD: The proposal to hike power prices for industrial consumers by removal of Rs3 per unit subsidy has been rejected by the...
SBP prohibits remittances in foreign currency accounts of non-filers
KARACHI: The State Bank of Pakistan (SBP) on Thursday advised the authorized dealers in foreign exchange to adopt the Protection of Economic...
Rs14.8 billion diverted from RLNG-II project to supply gas to underserved areas
ISLAMABAD: Over Rs14.8 billion funds reserved for the building of RLNG distribution network have been diverted for projects to ensure gas supply...
Pakistan’s economy ranked 131st freest globally: Report
LAHORE: Pakistan has achieved an economic freedom score of 54.4 in the “Economic Freedom Index” 2018 conducted by the Heritage Foundation.
Pakistan’s economy...
Forex reserves shrink to $11.4bn
KARACHI: Declining by 1.4 per cent on a weekly basis, the country's foreign exchange reserves held by the State Bank of Pakistan (SBP)...
Over Rs466b provided to BISP beneficiaries since 2012: Senate told
ISLAMABAD: The Senate was informed on Thursday that an assistance of over Rs466 billion have been provided to BISP beneficiaries since 2012.
Responding to...
PEW sees economic improvement despite trade deficit
ISLAMABAD: The Pakistan Economy Watch (PEW) has said that Pakistan's economic indicators, despite showing some serious concerns in the trade deficit, are...
FPCCI asks government to reduce minimum tax rate
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in their budgetary proposals has urged the Federal Board of Revenue (FBR)...