Fitch downgrades Pakistan’s outlook to negative, reaffirms ‘B’ credit rating
LAHORE: Fitch on Thursday downgraded Pakistan’s outlook from stable to negative and reaffirmed the 'B' credit rating, citing political uncertainty and upcoming...
Government not worried about increasing debt: MoF
ISLAMABAD: The federal government obtained $ 2.9 billion in loans from commercial banks, multilateral and bilateral institutions in December 2017 alone.
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Indonesian president’s visit to strengthen trade relations between two countries: SAARC Chamber
ISLAMABAD: SAARC Chamber of Commerce and Industry Vice President Iftikhar Ali Malik Wednesday said forthcoming 2-day state visit of Indonesian President Joko...
China requested to fund water project under CPEC: Ahsan Iqbal
ISLAMABAD: The National Assembly (NA) was informed on Wednesday that China has been requested to provide finances for water project under China-Pakistan...
Gwadar Expo 2018 to be held on January 29-30
ISLAMABAD: China Overseas Ports Holding Company (COPHC) and Gwadar Port Authority (GPA) are jointly organising the first ever international exhibition in Gwadar...
Circular debt obstructing investment in Pakistan’s refinery sector, says: Chairman Hascol
LAHORE: One of Pakistan’s leading oil marketing companies, Hascol Petroleum Limited has been operating in Pakistan since 2005 and succeeded in opening a...
Pakistan’s mobile imports grew 14.38 percent during 1st half of FY 2017-18
LAHORE: Pakistan’s mobile phone imports during first half of financial year 2017-18 increased 14.38 percent, touching $376.498 million against $329.177 million in...
Pakistan’s crop yield has sunk to lowest levels globally, says: PBC
KARACHI: A report released by Pakistan Business Council (PBC) revealed Pakistan’s crop yield per hectare hasn’t registered any improvements and alarmingly sunk...
United Towel’s acquisition of Vespo Groep BV expected to boost exports by 221pc
ISLAMABAD: United Towel Exporters which acquired a 70 percent stake in Dutch-based Vespo Groep BV expressed optimism its exports to Europe would...
Saving-investment gap during FY 2015-16 touched Rs3.385 trillion: SBP
KARACHI: A report titled “Sources & Uses of Funds by Non-Financial Private Corporate Sector in Pakistan” for year 2015-16 has been released...
Mortgages escalate 250 percent during 1st quarter of FY 2017-18
KARACHI: Driven by low interest rates regime, State Bank of Pakistan (SBP) reported house financing loans registered a staggering rise of 250...
CCI’s jurisdiction to govern matters of mineral oil, natural gas and territorial water, says: Rabbani
ISLAMABAD: The Chairman Senate, Raza Rabbani on Tuesday stated taking decisions pertaining to territorial waters, equal ownership of natural gas and mineral...
Govt failed in turning around fortunes of PIA: PM Abbasi
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi on Tuesday admitted the government had failed to turnaround fortunes of Pakistan International Airline (PIA) and...
Forex reserves situation stable, says: SBP governor
ISLAMABAD: State Bank of Pakistan (SBP), Governor Tariq Bajwa on Tuesday informed the Senate Standing Committee on Finance that foreign exchange reserves...
Textile exports edge up 8 percent during first half of FY 2017-18
ISLAMABAD: Data released by Pakistan Bureau of Statistics (PBS) on Tuesday revealed textile exports from Pakistan increased 8 percent to $6.642 billion...