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...
Ministry of Finance justifies increasing deficits
ISLAMABAD: Ministry of Finance, which is going through an uncertain situation in the absence of its minister for over 23 days now,...
Pakistan aims to boost exports in desperate attempt to cover deficit
LAHORE: The government is bidding to boost exports by 10 per cent during financial year (FY) 2017-18 by offering tax breaks to...
Planning Minister calls for expansion of cooperation on CPEC project
ISLAMABAD: Planning and Development Minister Ahsan Iqbal has called for expansion of cooperation and administrative structure of China-Pakistan Economic Corridor (CPEC).
He was...
Eurobond/Sukuk bond issuance will provide respite to foreign exchange reserves
KARACHI: Pakistan is set to raise $2-3 billion via issuance of Eurobond/Sukuk (Islamic Bonds) for which government is planning to hold road...
Pakistan Army owns $20 billion stakes in fifty conglomerates claims Indian media report
LAHORE: The Pakistan army exercises control over fifty conglomerates said to be worth $20 billion stretching from banks, industrial plants, universities, milk dairies,...
Railways planning to launch three new train services
ISLAMABAD: The Ministry of Railways is planning to launch three new train services between Kohat-Rawalpindi, Karachi-Mirpurkhas and Sibi-Khost during the current financial year,...
Pakistan hasn’t defaulted once on its debts since independence
LAHORE: Pakistan joined the fray of six other nations susceptible to possible risk of defaulting on its debts as its credit-default swaps...
Pakistan rebuffs Chinese request to use renminbi
ISLAMABAD: China’s request to use its renminbi currency (RMB) in the Gwadar Free Zone under China-Pakistan Economic Corridor (CPEC) framework has been...