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...
E-Commerce on ascend in Pakistan, Rs9.8b payments accepted through banks: SBP
ISLAMABAD: Business to consumer E-Commerce (e-B2C) is on the rise in Pakistan as 571 local e-commerce merchants were already accepting payments through...
PAC asks AGP to hold inquiry into purchase of expensive electricity
ISLAMABAD: Public Accounts Committee (PAC) Chairman Syed Khursheed Ahmed Shah, on Tuesday, directed the Auditor General of Pakistan (AGP) to hold an inquiry for fixing...
Pakistan sings bilateral FTA with China, Malaysia, Sri Lanka: Senate told
ISLAMABAD: Commerce and Textile Minister Muhammad Pervaiz Malik on Tuesday informed the Senate that Pakistan has signed bilateral Free Trade Agreements (FTA) with China, Malaysia and...
NA panel directs FBR to take revenue enhancing measures
ISLAMABAD: The National Assembly's Standing Committee on Finance and Revenue, on Tuesday, directed the Federal Board of Revenue (FBR) to take further measures to increase...
Pakistan demands relaxed tariffs from China under ASEAN
ISLAMABAD: As Pakistan and China are going to hold another round of talks on revising Free Trade Agreement (FTA) next month, Pakistan has...
Foreign airlines remit $ 1.5 billion from Pakistan in last two years
ISLAMABAD: During the last two years foreign airlines have taken out $ 1.5 billion in the form of remittances from Pakistan due to...
PTCL injects Rs 1 billion in U Bank
KARACHI: Pakistan Telecommunication Company Limited (PTCL) has injected an additional equity of Rs 1 billion in U Microfinance Bank Limited (U Bank), which...