$9-10bn required to transform Karachi, WB report
LAHORE: Karachi, Pakistan’s biggest city, needs $9 to $10 billion financing over a period of 10 years to meet its infrastructure and...
IMF gives favourable outlook to Pakistan’s economy, warns of risks in medium-term
LAHORE: The International Monetary Fund on Tuesday released its policy statement regarding first Post-Program Monitoring Discussions with Pakistan and maintained a favourable near-term...
Pakistan’s textile earnings far behind regional economies
KARACHI: A senior economist of the central bank on Tuesday said Pakistan earns only $1 billion via sales of one million cotton...
CCP to initiate legal action against PFMA for indulging in cartelization of wheat
ISLAMABAD: Competition Commission of Pakistan (CCP) has decided to initiate legal action against Pakistan Flour Mills Association for indulging in cartelization and...
Draft agreement for settlement of PSM debts to be shared with stakeholders: Privatization Commission
ISLAMABAD: A draft agreement for settlement of Pakistan Steel Mills debts will be shared with stakeholders for deliberation and input, decided the...
Govt gives go-ahead to privatization of PIA and PSM
ISLAMABAD: The governments federal cabinet Tuesday gave go-ahead for sale of 49 percent shares (linked to flight operations and related management) of...
Hard earned macro-economic gains are often lost due to political reasons: IMF Pak outgoing chief
ISLAMABAD: Outgoing IMF Chief in Pakistan, Tokhir Mirzoev on Tuesday said hard earned macro-economic gains are often lost due to political reasons.
Mr....
Lucrative investment opportunities for Kuwait in Pakistan: SBI Chairperson
KARACHI: Sindh Board of Investment (SBI) Chairperson Naheed Memon in her address to the Pak-Kuwait Investment Conference being held at Kuwait by...
Malaysia to secure $51bn approved investments this year
KUALA LUMPUR: Malaysia is expected to secure about 200 billion ringgit approx. $51.21 billion approved investments this year, said the Malaysian Investment...
Malaysian businessmen urged to exploit Pakistan’s business potential
ISLAMABAD: Business community should take advantage of business opportunities provided by Pakistan in various fields including halal products, fruits, vegetables, sports goods,...
Reduction in import duties on MDF demanded by major importers
KARACHI: The importers of Medium Density Fiberboard (MDF) have demanded from the government to reduce the import duty on raw MDF from...
PIA enhances engineering capacity in Islamabad
KARACHI: PIA now has additional engineering capacity to perform Check ‘A’ for A320 aircraft at Islamabad with an aim to achieve significant savings...
Government likely to announce 6th budget by last week of April
ISLAMABAD: While the government is in difficulties facing acute budget deficits, it is likely to announce its last and sixth budget by...
PTCL joins hands with Netflix to provide video on demand
KARACHI: Pakistan Telecommunication Company Limited (PTCL) has inked an agreement with Netflix, the world’s leading online entertainment company, to provide Netflix Gift...
Bitcoin more likely to be worth $100 than $100,000 in a decade, says Harvard economist
NEW YORK: A decade from now, will one Bitcoin be worth $100 or $100,000? According to Harvard Professor and Eonomist Kenneth Rogoff,...