Pakistan arm imports plunged 36 percent between 2008-12 & 2013-17: Report
LAHORE: A report released by Stockholm International Research Peace Research Institute (SIPRI) revealed Pakistani arms imports dropped 36 percent between 2008-2012 and 2013-17.
According to...
Pakistan rupee due for another round of devaluation
ISLAMABAD: Jon Scheiber, CEO and partner at Tundra Fonder believes the Pakistani rupee is due for another round of devaluation and said it would...
Kacchi canal project investigation report comes under scrutiny
ISLAMABAD: The Ministry of Planning, Development and Reforms (MPDR) is set to table a position paper in the next Council for Common Interest (CCI)...
Govt contemplating issuance of Renminbi bonds
ISLAMABAD: The government is seriously considering issuance of Renminbi (RMB) bonds for settling its immense payment obligations with China without pressurizing the foreign exchange...
Unbundling of Sui gas companies hits snags
ISLAMABAD: The proposed unbundling of Sui gas companies appears to have hit snags, as it seems the gas sector reforms would be delayed beyond...
China reiterates trade war with United States would be disastrous for global economy
BEIJING: Any trade war with the United States will only bring disaster to the world economy, Chinese Commerce Minister Zhong Shan said on Sunday,...
Rs7 billion investment expected from OMCs for establishment of storage infrastructure
KARACHI: An estimated Rs7 billion investment is expected over the next three years from upcoming oil marketing companies (OMCs) for establishment of storage infrastructure,...
Cash is far from dead and use is rising: BIS
LONDON (Reuters): Even though more people now use cards, mobile phones or even facial recognition technology to pay street performers, buy pizza or donate...
Construction of petrochemical park at Gawadar starts
ISLAMABAD: Balochistan government and Chinese consortium signed a Memorandum of Understanding (MoU) for another CPEC project of construction of Petro-Chemical Park at Gawadar costing...
S. Arabia places order of 48 Typhoon jets with BAE Systems
LONDON: Britain has signed a multi-billion-pound preliminary order from Saudi Arabia for 48 Eurofighter Typhoon fighter jets, military equipment maker BAE Systems said on...
ICCI demands to form reconciliation committee to resolve rent disputes
ISLAMABAD:Â Islamabad Chamber of Commerce and Industry (ICCI) Senior Vice President Muhammad Naveed has urged the government to form a reconciliation committee under the aegis...
Elon Musk frustrated with China’s trade policy, partly agrees with Trump
WASHINGTON: US President Donald Trump has spent the last week railing against trade policies that allegedly put the US companies at a disadvantage.
Though economists,...
Trade war with US to devastate global economy: China
BEIJING: China’s commerce minister said on Sunday that Beijing and Washington are still holding economic talks. He warned that a trade war would harm both nations.
President Xi...
Customs get high-speed patrol boats to stop smugglers
KARACHI:Â Adviser to Prime Minister on Finance and Economic Affairs Dr Miftah Ismail on Saturday said construction of high-speed Fibre Reinforced Plastic (FRP) patrol boats...
FATF grey-listing does not affect Pakistan’s ability to borrow: IMF deputy director
The grey-listing of Pakistan by the global watchdog Financial Action Task Force (FATF) has no direct consequences for its ability to borrow from the...
