Country’s current account deficit increases to tune of 121pc
KARACHI: Country’s current account deficit has surged to $ 5.013 billion during the July-October 2017-18, which is almost double compared to $...
Foreign commercial loans dependence creates debt servicing costs implications
LAHORE: Continued dependence on Chinese project financing and loans from other foreign commercial banks is creating implications for debt servicing costs that...
PM Shahid Khaqan Abbasi inaugurates Pakistan’s 2nd LNG terminal
KARACHI: Pakistan expects the first cargo of liquefied natural gas (LNG) for its new terminal to be delivered on Friday, Prime Minister...
Profit: The year that was
The great land theft
By Farooq Tirmizi
If there is a single place that can be thought of as the foremost cathedral to free-market...
Computer service exports increase 32pc to over $111mn
ISLAMABAD: The computer services exports from the country increased by 32.11 per cent during the first two months of the current fiscal...
HVDC transmission line from Port Qasim-Faisalabad may not be laid
LAHORE: Another feasibility study is set to be carried out for assessing whether a second 660KV high-voltage direct current (HVDC) transmission line...
Six per-cent of Pakistani’s paid 79pc of direct taxes during tax year 2016
ISLAMABAD: Data from Tax Directory 2016 revealed a meagre 6pc (65,000 Pakistani’s) of those who filed their income tax returns in tax...
SBP formulating plan to promote SMEs banking
LAHORE: Small and Medium Enterprises (SMEs) banking is poised for a shakeup, as State Bank of Pakistan has decided to initiate a...
Pakistan won’t seek another IMF bailout, reiterates: PM Abbasi
LAHORE: Prime Minister Shahid Khaqan Abbasi and State Bank of Pakistan (SBP) firmly believe Pakistan can face twin challenges of widening external...
Socialism is a ‘dirty’ word in Pakistan: Kaiser Bengali
KARACHI: Pakistan’s renowned Economist Kaiser Bengali was amused to hear repeated praise of socialism from Wang Yu, Chinese Council General in Karachi...
MoC, FBR blame each other for issuing confusing regulatory duties on imports
ISLAMABAD: While various sectors have shown serious reservations regarding the recently imposed Regularity Duties on selected import items, Ministry of Commerce (MoC)...
OICCI Business Confidence Index turns bullish, rises to 21pc
KARACHI: Overseas Investors Chamber of Commerce and Industry (OICCI) shared the results of its Business Confidence Index (BCI) Survey, Wave 15, which...
IFAD to give Pakistan $82m for poverty alleviation
ISLAMABAD: Pakistan is set to receive $82m funding from International Fund for Agricultural Development (IFAD) to enhance living conditions, livelihoods and income-generating...
Revised CPEC LTP plan remains unshared with provinces
ISLAMABAD: Federal government has once again refused to share revised Long-Term-Plan (LTP) of China-Pakistan Economic Corridor with provinces.
The government on Wednesday had...
Direct investment surges by 74.4pc to $939.7mn in July-Oct 2017
KARACHI: Pakistan has received an amount of $ 939.7 million in the head of foreign direct investment (FDI), up by 74.4 per...