Economy maintains its growth momentum: SBP report

KARACHI The growth in real GDP remained on its upward trajectory, and increased to a decade-high of 5.3 per cent in fiscal year...

Indians go on shopping spree ahead of GST roll-out

New Delhi: At a crowded New Delhi market plastered with posters announcing massive sales, shoppers were vacuuming up household gadgets and high-end...

Petroleum Ministry to execute Rs 190m projects in Balochistan

Islamabad: Ministry of Petroleum and Natural Resources on Friday said it will execute two new projects worth Rs 190 million for coal exploration...

Pakistan seeking revision of decades old free-trade agreement with China: Bloomberg

Islamabad: A report from Bloomberg has claimed that Pakistan has requested Beijing for a review of its decade old free-trade agreement amidst...

Pakistani’s have stashed Rs153b in Swiss banks: SNB

Zurich: According to data released by the Swiss National Bank (SNB) on Thursday, the amount of money kept there by Pakistani nationals...

Rs99.5b worth of oil/gas tapped by OGDCL, MOL Pakistan in last 17 years

Islamabad: The Oil and Gas Development Company Limited (OGDCL) and MOL Pakistan have produced crude oil and natural gas worth Rs99.538 billion...

Forex reserves held by SBP rise by 6.19pc to $16.3b

Karachi: The total liquid foreign reserves held by the country stood at $21,358.0m on June 23, 2017. A weekly increase of 6.19pc...

Qatar dispute with Gulf countries hurting international businesses

Doha/Dubai: International businesses are being caught in the crossfire of Qatar’s dispute with its Arab neighbors as it delays shipments, lengthens travel...

Petrol prices may decrease by Rs3.30 for July

Karachi: Oil and Gas Regulatory Authority (OGRA) has forwarded a notification to the Ministry of Petroleum and Natural Resources on Thursday for...

Govt obtains $700m loan to ease pressure on forex reserves

Islamabad: In order to ease pressure on its foreign exchange reserves, the government has taken out another loan worth $700m from a...

$50m loan approved by OFID for FATA development programme

Vienna: The OPEC Fund for International Development (OFID) has signed a US$50m loan agreement with Pakistan to support the wide-ranging Federally Administered...

Govt prioritizes 17 pro-poor sectors to eradicate poverty

ISLAMABAD: The government, as part of achieving its goal to eliminate poverty by 2030, has prioritised 17 pro-poor sectors through Medium Term...

Merkel open to EU veto power on Chinese investments

FRANKFURT German Chancellor Angela Merkel said Thursday that she was considering how to protect "strategic" EU industries from Chinese investment, drawing closer to...

KCCI demands reduction in sales tax on mobile phones

KARACHI Karachi Chamber of Commerce & Industry (KCCI) President Shamim Ahmed Firpo on Thursday urged the federal government to reduce sales tax on...

Propaganda of ‘plastic rice’, stiff competition affect Pakistan’s rice exports

ISLAMABAD Like textile exports, the foreign trade of rice has also shown negative growth during the last two years with a reduction of...