Telecom sector; third highest contributor in terms of FDI for July-August 2017

Karachi:  Pakistan’s telecom sector was the third highest contributor in terms of foreign direct investment (FDI) during July and August, reported State...

Asians stock markets slip after record highs on Wall Street

Tokyo: Asian shares wavered on Tuesday, bolstered by record highs on Wall Street but hobbled by uncertainty as traders waited on a...

Miftah Ismail may be appointed as advisor to PM on Finance

Islamabad: Dr Miftah Ismail may be appointed as Advisor to Prime Minister on Finance, as Ishaq Dar requested to be relieved from...

China inks $375m MOU’s at 18th International textile Asia exhibition

Lahore: A local newspaper reported that China signed $375m worth memorandum of understandings (MOUs) for investment in Pakistan at the 18th International...

ADB $900m loan faces bureaucratic hurdles and procedural delays

Islamabad: A local newspaper reported that $900m Asian Development Bank (ADB) funding approved for Pakistan has been affected by bureaucratic hurdles and...

Inter-provincial coordination committee to discuss disputes on Sept 19

Islamabad: The federal government has called a meeting of the Inter-Provincial Coordination Com­mittee (IPCC) on September 19 to resolve a host of...

Cabinet approves to amend existing conventions between Pakistan, Turkey, Finland, Italy and Bahrain for tax information exchange

Islamabad: Federal cabinet has approved to amend the existing convention between Pakistan, and Turkey, Finland, Italy and Bahrain for the avoidance of...

UK to maintain GSP Plus facility unilaterally after Brexit

Islamabad: Though confusion still persists regarding the trade preference to Pakistan by European Union after Brexit, United Kingdom has assured that the GSP Plus...

Bank of China allowed to commence banking operations in Pakistan

KARACHI: State Bank of Pakistan (SBP), has given approval to the Bank of China Limited (BCL), for commencement of its banking business in...

FDI surges up by 155pc during first two months of FY 2017-18

Karachi: Pakistan received foreign direct investment (FDI) of $457.2 million in July-August 2017, up by 155 per cent or $277.8 million compared to $179.4...

Kachhi canal project has strategic importance for Balochistan: Fehmida Jamali

KARACHI Founder President Quetta Women Chamber of Commerce & Industry and EC Member of the FPCCI Fehmida Jamali said on Saturday that it...

KP govt anxious to launch Peshawar metro project before polls 2018

LAHORE The Khyber Pakhtunkhwa (KP) government is putting extreme political pressure on Asian Development Bank (ADB) for fast-tracking launch of Rs 6.189 billion Peshawar...

Monster of circular debt resurfaces, goes beyond Rs729bn

ISLAMABAD Despite tall claims of good governance by Pakistan Muslim League-Nawaz (PML-N) government, the menace of circular debt has resurfaced once again to...

Two Pakistani pharmaceutical firms set up factories in Qatar

ISLAMABAD Foreseeing better opportunities of business, after the blockade of Qatar by neighbouring countries, two prominent pharmaceutical companies of Pakistan have started opening...

Chinese entity to setup coal-fired power plant in Gwadar

Karachi: National Electric Power Regulatory Authority (NEPRA) has accepted the application of China Communications Construction Company Limited (CCCC) for setting up a...