Pakistan repays $137m to IDB, after rollover request rejected
ISLAMABAD: Pakistan on Friday made repayments of $137 million loan to Islamic Development Bank (IDB) after its request for an extension to...
Depreciating rupee on IMF directives unfortunate: ICST
ISLAMABAD:  Islamabad Chamber of Small Traders on Saturday said weakening rupee on the directives of IMF is unfortunate as inflation has started to increase hitting the entire population...
Thar coal cheapest option in the energy supply chain: FPCCI
ISLAMABAD: The Businessmen Panel of the FPCCI on Saturday said Thar coal remains cheapest option for power generation in the energy supply...
China, UK agree to strengthen trade relations as Brexit takes shape
BEIJING: Britain and China pledged Saturday to promote London as a center for offshore use of Beijing’s currency and cooperate in clean...
Market Weekly: Index continues to bleed, settles below 39,000 pts
LAHORE: Pakistan’s Benchmark KSE 100 index fell 1.1 per cent or 434 points week on week basis to close at the 38645.90...
World Bank approves $300 million for modernizing agriculture in Punjab
WASHINGTON: World Bank on Friday gave approval for $300 million funding for modernizing agriculture in Punjab.
Under the Strengthening Markets for Agriculture and...
Pakistan can grab huge share of international halal trade
LAHORE: Livestock is an integral part of agriculture sector of Pakistan and has the potential to get huge share in the international halal trade...
PSO’s receivables balloon to over Rs300 billion
ISLAMABAD: Pakistan State Oil’s financial woes continue as its receivables are said to have swelled over Rs300 billion.
The state-owned oil marketing giant is...
Rupee slide allowed wholesalers to earn additional 5pc on their imports
KARACHI: As the dust settles after the pandemonium of rupee’s devaluation, wholesalers who already had paid in advance before the depreciation occurred,...
E&P companies eyeing to tap deposits of oil & gas in KP
ISLAMABAD: Oil and gas Exploration and Production (E&P) companies have intensified their drilling activities to tap recoverable reserves of around Trillion Cubic...
SBP’s decision to depreciate Pak-rupee
KARACHI: The total foreign debt burden of the country swelled by Rs 85 billion after the decision of State Bank of Pakistan...
Country’s direct investment surges to $1.146.4bn in July-Nov 2017
KARACHI: The country has received an amount of $ 1.146 billion in the head of foreign direct investment (FDI), up by 57.2...
Market Daily: Tareen’s disqualification fuelled PSX as market gained 422 points
LAHORE: The Supreme Court verdict brought some respite for investors as the selling spree came to a halt. The turbulent week came...
No plans to further weaken rupee: PM Abbasi
LAHORE:Pakistan’s Prime Minister Shahid Khaqan Abbasi said that the government has no plans to further devalue the rupee. Meanwhile, International Monitory Fund...
Pakistan’s LNG imports will keep rising, fuel demand to halve by 2020: Report
LAHORE: S&P Global Platts survey of several companies has revealed Pakistan’s rising LNG imports will contribute to fuel demand halving by 2020,...