World Bank forecasts global economic growth of 3.1 percent for 2018
WASHINGTON: The World Bank predicts that the global economy will grow 3.1 percent this year, which would be its best showing in...
CPEC to speed up industrialization, urbanization in Pakistan: Ahsan Iqbal
BEIJING: Federal Interior Minister Ahsan Iqbal, who also holds the Planning, Development and Reform portfolio, has emphasised that the Long-term Plan of the...
Rana Afzal denies Dar’s $200bn Swiss banks money claim
ISLAMABAD: State Minister of Finance and Economic Affair Division Rana Afzal on Tuesday denied that Pakistani nationals had kept $ 200 billion...
Arif Ahmad Khan appointed Finance Secretary
ISLAMABAD: The federal government on Tuesday appointed Arif Ahmad Khan, a BS-22 officer of Pakistan Administrative Service (PAS) the new Finance Secretary.
Notification...
CITIC Group delegation meets Miftah Ismail
ISLAMABAD: The visiting delegation of CITIC, led by CLSA Chairman Zhenyi Tang, Asia’s leading Capital Markets and Investment Group and subsidiary of...
Market Daily: PSX breaks upward trend, sheds 298pts
LAHORE: Indices at the Pakistan Stock Exchange’s (PSX) halted the upward trend on Tuesday losing -297.78 points. The benchmark indices were seen...
CPEC to improve tourism services between Pakistan and China
ISLAMABAD: Pakistan Tourism Development Corporation (PTDC) Managing Director Abdul Ghafoor has said that China Pakistan Economic Corridor (CPEC) would improve quality tourism...
PIA fortunes to rebound within next 24-30 months: CEO
KARACHI: Pakistan International Airlines (PIA) is one of those public-sector enterprises that doesn’t evoke a sense of pride, due to its mounting...
Rs330.992 billion released for development projects under PSDP 2017-18
ISLAMABAD: The government has released over Rs330.992 billion under its Public-Sector Development Programme (PSDP) 2017-18 for various ongoing and new schemes against...
Pakistan procured $40 billion loans in last four years
ISLAMABAD: Pakistan procured $40 billion of loans during PML-N’s four-year tenure till end of October 2017.
The figure is $6.2 billion higher than...
Market Weekly: PSX enters the year with a bang, 5pc gains in 5 sessions
LAHORE: The KSE 100 index extended its run-up yet again, for the 12 consecutive sessions, and wrapped the week up with 615.28...
China concerned over Pakistan’s weakening debt repayment capacity
ISLAMABAD: As the projects worth $ 27 billion under China Pakistan Economic Corridor (CPEC) are under implementation, China is reportedly a little...
Inflation risk may shake global markets
NEW YORK: Investors devoted to the idea that inflation will stay subdued should be worried.
Worldwide data have recently made clear that producer-price...
SBP Governor urges business community, banks to ensure smooth implementation of SME finance policy
KARACHI: State Bank of Pakistan (SBP) Governor Tariq Bajwa the business community and banks to ensure smooth implementation of the recently announced...
China welcomes Pakistan’s move to Yuan
BEIJING: China has welcomed Pakistan's move allowing the Yuan to be used for imports, exports and financing transactions for bilateral trade and investment...