Pakistan to sign deals worth $30bn with KSA, UAE and China
BoI chairman says focus next year will be on facilitating investors, rather than marketing for investments
In an effort to revive the...
Foreign Direct Investment rises 68pc in six months
KARACHI: Foreign Direct Investment (FDI) in Pakistan rose 68.3pc to $1.34 billion in the first half of the fiscal year 2019-20 (July-Dec...
SBP reserves up $82m to $11.58bn
The foreign exchange reserves held by the State Bank of Pakistan increased 0.71pc on a weekly basis, according to data released by...
Irfan Wahab Khan elected as OICCI president
KARACHI: Telenor Pakistan CEO and President Irfan Wahab Khan has been elected as the President of the Overseas Investors Chamber of Commerce...
KSE-100 falls flat amid volatility
KARACHI:Â After trading in the green zone for a brief period, the Pakistan Stock Exchange (PSX) fell in the grip of bears on...
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...
E&P companies to drill 90 oil, gas wells in next fiscal year
ISLAMABAD: Oil and Gas Exploration and Production (E&P) companies have planned to drill 90 wells in different areas of the country in...
Govt plans $500m green bond to fund hydropower projects
The government is planning to issue a $500 million green bond in the next few months to help boost the development of...
ADB evaluation: TA project’s rating fell short in terms of overall success
Project’s design framework failed to account for potential delays caused by regulatory bodies and work deliverables
CPEC could widen current account deficit: Moody
New York: Moody’s Investors Service has raised several questions pertaining to China-Pakistan Economic Corridor (CPEC) and said the mega project would widen...
GB presents Rs 54.4bn budget for FY 2017-18
ISLAMABAD
The Gilgit-Baltistan government has presented Rs 54.40 billion provincial budget for the fiscal year 2017-18 which included Rs 28.2 billion for non-development...
SECP gives its nod to new capital market, insurance and corporate regulations
ISLAMABAD: The SecuÂriÂties and Exchange ComÂmisÂsion Pakistan (SECP) has passed regulations concerning capital market, insurance, and corporate governance and approved the proposed...
Best Buy cuts ties with China’s Huawei
HONG KONG: Best Buy, the largest US consumer electronics retailer, will cut ties with China’s Huawei Technologies, a person familiar with the...
Super Tax expansion on the cards
The government is mulling expanding the Super Tax net to bring high-net-worth individuals into the tax bracket.
The first formal meeting to review...
Overseas Pakistanis remit $16.25 bn in 10 months
KARACHI: Overseas Pakistani workers remitted $16,257 million in the first ten months (July to April) of FY18, showing a growth of 3.92...