Food imports rose 20.21 percent during July-October
ISLAMABAD: The country’s food imports increased by 20.21 percent during the first four months of the current fiscal year compared to corresponding...
ECNEC approves over Rs211bn power, social sector projects
ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) Friday approved worth Rs 211.691 billion development projects including Rs 43.99 billion...
SBP upholds policy rates at 5.75pc
KARACHI: The Committee of the State Bank of Pakistan (SBP) on Friday kept the policy rates or discount rates unchanged at 5.75...
CDWP set to take up heavy agenda of projects worth billions of rupees
ISLAMABAD: Central Development Working Party (CDWP) is all set to take up a heavy agenda on Monday to approve 31 key projects...
Market Daily: Trading ends at a dull note, sheds 17.80 points
LAHORE: The benchmark index closed lower by -0.04 per cent shedding -17.80 points on the last day of the week. The KMI...
Local tyre manufacturers welcome rise in import duties
LAHORE: The imposition and increase of regulatory duties on various categories of tyres has been endorsed by the country’s leading tyre manufacturers.
The...
Race on to find replacement for Ishaq Dar
ISLAMABAD: Pakistan on Thursday began searching for a new finance minister a day after Ishaq Dar was relieved of his portfolio amid...
PIA fails to deposit Rs6 billion federal excise duty to FBR
ISLAMABAD: Pakistan International Airlines (PIA) miseries keep worsening as it has been learnt that it failed to deposit Rs6 billion as Federal...
Car production surges by 31.37pc in first quarter
ISLAMABAD: The production of jeeps and cars surged by 31.37 percent during the first quarter of the current fiscal year against output...
Market Daily: KSE100 tanks 326 points as furnace oil glut looms
LAHORE: KSE-100 index fell 0.8 per cent or 326 points as Pakistan’s embattled Finance Minister Ishaq Dar took a medical leave of absence,...
Goldman Sachs contests S&P’s “Fragile Five”rating for Pakistan and other countries
LAHORE: Goldman Sachs Asset Management and other renowned money managers have contested Standard & Poor’s Global ratings for “Fragile Five” members which...
Refineries in crisis mode, as govt ponders ban on import of furnace oil
ISLAMABAD: Likelihood of a ban on import of furnace oil is under consideration by the government due to topped up storages and...
Pakistan obtains $500 million loan from China to boost forex reserves
ISLAMABAD: The borrowing spree of Pakistan sees no end as it has got a $500 million foreign commercial loan from Industrial and...
PIA suspended Lahore to New York operations due to Rs1.5bn loss per annum
ISLAMABAD: Chairman Pakistan International Airline (PIA) Irfan Elahi informed National Assembly Standing Committee on Parliamentary Affairs that Lahore to New York PIA...
Food exports climbed 9.85pc during July-October 2017
ISLAMABAD: Pakistan’s food exports increased 9.85 percent during the first four months of the current fiscal year against exports of corresponding period...