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,...
Governance, institutional reforms critical to extracting benefit from CPEC: ADB
LAHORE: Asian Development Bank on Thursday said Pakistan would need to carry out necessary changes in governance and reform its institutions to...
Hyundai Nishat Motor ground-breaking ceremony set for 20th December
LAHORE: In a bourse filing Friday, Nishat Mills Limited announced the ground-breaking ceremony of Hyundai Nishat Motor (Private) Limited (HNMPL), 20 December...
Progas challenges ICSID court decision in Pakistan’s favour
ISLAMABAD: A court decision in London which came in favour of Pakistan has been challenged by Progas Pakistan shareholders.
Progas Pakistan which is...
Pakistan could become part of high-income economies: World Bank
KARACHI: A World Bank official on Thursday voiced optimism saying Pakistan could become a part of high-income bracket economies if its economy...
80pc of network to be shifted to 4G: Telenor CEO
ISLAMABAD: Telenor has so far invested more than US $ 3.5 billion Foreign Direct Investment (FDI) to expand its network and provide...
Economic pundits see no end to Pakistan’s economic slide
ISLAMABAD: Pakistan's economy has been on a steady downward slide with no end in sight, some experts say, with the currency dropping,...
Foreign office denies China stopped funding for three CPEC projects
ISLAMABAD: Ministry of Foreign Affairs on Thursday denied China had stopped funding for three China-Pakistan Economic Corridor (CPEC) projects and the government...
PTA to digitize 4 million saving accounts of Pakistan Post
ISLAMABAD: Pakistan Post along with Pakistan Telecommunication Authority and other stake holders has planned to build a road map for digitization of...