7th JCC meeting details revealed by Chinese diplomat
Karachi: The beans have been spilt, as a full list of several projects and agreements finalized during 7th Joint Cooperation Council (JCC)...
Stronger rupee could erode Pakistan’s foreign exchange reserves: UN report
ISLAMABAD: A United Nation report cautioned Pakistan’s policy of keeping the rupee stable could become untenable if the US dollar appreciates against...
IMF queries wisdom of regulatory duties imposition, weak tax regime
ISLAMABAD: The imposition of regulatory duties by the government was questioned by international Monetary Fund (IMF) on Thursday.
IMF lamented the weak tax...
Foreign reserves down 6.55pc, at $12.7bn
KARACHI: Data released by the State Bank of Pakistan on Thursday indicated that foreign exchange reserves declined 6.55 per cent on a...
Trump’s, Tahir-ul-Qadri’s decisions hit Pakistani stocks
KARACHI: The Pakistan Stock Exchange (PSX) Thursday closed 17-month low at 38,784 points after losing 1123 points amid the rising tension between...
Moody affirms B3 rating to Pakistan’s US dollar denominated notes
LAHORE: A press release issued by Moody Investor’s Service has given a B3 rating to Pakistan’s (B3 stable) US dollar-denominated notes.
The credit...
Asia on course to increase interest rates in 2018
HONG KONG: Tighter monetary policy is coming to Asia next year. Yet it will lag the Federal Reserve’s rate hikes as Asian...
Pakistan’s tile industry reinvigorating after imposition of anti-dumping duty on Chinese tiles
LAHORE: Pakistan’s decision to place anti-dumping duties on Chinese tiles is paying dividends as one of the country’s oldest tile manufacturer in...
SDGs programme extent broadened to union councils
ISLAMABAD: The incumbent government in wake of elections looming next year has broadened extent of development schemes to union councils in parliamentarian’s...
NAB to escalate efforts for retrieval of Rs1 trillion in 1,300 corruption cases
ISLAMABAD: National Accountability Bureau (NAB) has escalated efforts for retrieval of over Rs1 trillion in more than 1,300 corruption cases in last...
IMF cites concerns over Pakistan’s ability to repay CPEC loans
ISLAMABAD: International Monetary Fund (IMF) on Wednesday warned Pakistan about the negative impact of $60 billion China-Pakistan Economic Corridor (CPEC) projects and...
PSO ceases fuel oil imports citing drop in domestic demand
ISLAMABAD: Pakistan State Oil (PSO) has suspended imports of fuel oil after an abrupt drop in domestic demand as the country turns...
Kinnow export to Indonesia increases to $48 million
ISLAMABAD: Export of Kinnow (citrus fruit) from Pakistan to Indonesia has increased by 150 per cent to $48 million in the current...
SBP launches Asaan remittance account
KARACHI: In line with its efforts to enhance outreach of basic financial services to unbanked or underserved segment of the population, State...
Cement industry capacity utilisation touches 94.65pc
KARACHI: Cement industry of Pakistan despatched 2.261 million tonnes more cement in the first five months of this fiscal, which is 13.91...