Center, Sindh at loggerheads over proposed gas pricing formula
ISLAMABAD: The federal government and the Sindh government are at loggerheads over the proposal to include the price of imported LNG in...
IMF lowers global growth forecasts as trade, Brexit uncertainties persist
WASHINGTON: The International Monetary Fund on Tuesday lowered its forecast for global growth this year and next, warning that more US-China tariffs,...
Pakistan needs to expand water storage capacity: SAARC CCI
ISLAMABAD: SAARC Chamber of Commerce and Industry (SCCI)Â Senior Vice President, Iftikhar Ali Malik on Wednesday said Pakistan badly needed to expand its...
NEPRA approves Rs2.28 per unit cut in power tariff
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has approved 2.28 rupees per unit cut in lieu of fuel price adjustment formula for...
Foreign commercial loans dependence creates debt servicing costs implications
LAHORE: Continued dependence on Chinese project financing and loans from other foreign commercial banks is creating implications for debt servicing costs that...
Imran calls for combined strategy to help labourers during pandemic
PM addresses ILO Global Summit, says many countries, including Pakistan, depend upon remittances sent by overseas workers
Procurement of sugar contingent to payment clearance by sugar mills: TCP
KARACHI: The Trade Corporation of Pakistan (TCP) has set the condition that procurement of sugar remains contingent to payment clearance of farmers...
China’s record trade surplus with U.S. risks further inflaming trade tensions
China’s trade surplus with the United States, which is at the centre of the tariff tussle, widened to a record monthly high of $28.97 billion, up from $24.58 billion in May, according to calculations based on official data going back to 2008
‘Development of Balochistan among govt’s top priorities’
Minister says govt envisions developing intermediate cities for expansion of economic activities and to mitigate the influx of migrants to main...
Stock market sheds 120 points amid range-bound trading
KARACHI:Â Investors of the Pakistan Stock Exchange (PSX) witnessed a nervous session where the indices traded within a narrow range while volumes declined...
WB approves $825mn loan to support power transmission, health, education
ISLAMABAD: The World Bank (WB) on Monday approved an $825 million funding for Pakistan to bolster its electricity transmission and distribution network,...
Pak signed FTAs with China, Sri Lanka, Malaysia so far, Senate told
ISLAMABAD: Minister for Commerce and Textile Muhammad Pervaiz Malik Friday informed the Senate that so far Pakistan has signed Free Trade Agreements...
Stocks fall flat amid lacklustre trade
KARACHI: The Pakistan Stock Exchange (PSX) moved in a narrow range on Wednesday, with the benchmark KSE-100 Index retreating all gains accumulated...
SBP obtained $5.8 billion short-term loans from commercial banks
ISLAMABAD: State Bank of Pakistan (SBP) is said to have procured $5.8 billion of short-term loans to paint a picture of stability...
PSX closes 37 points lower amid dull trading
KARACHI:Â Bearish sentiments continued to dominate the Pakistan Stock Exchange (PSX) on Thursday as well. The indices kept slipping all day long amid...