Imports aren’t always bad for economy: Research
KARACHI: A recent research has just rejected the perception that imports have been negatively affecting Pakistan’s economy due to rising Balance of Payment (BOP) deficit...
Pakistan Stock Exchange nosedived 13pc in last one year
KARACHI: The KSE-100 index has endured a fall of 16pc since Pakistan’s reinstatement into MSCI Emerging Markets (EM) index since June 1st,...
ADB business plan 2018-2020: Pakistan set to receive $4.7 billion
ISLAMABAD: Pakistan is set to receive $4.673 billion under a newly constituted operations business plan by Asian Development Bank (ADB) for the...
Failure to lift furnace oil could cost PSO millions of dollars
ISLAMABAD: The government’s ban on furnace oil-based power plants has created a financial nightmare for Pakistan State Oil as it faces payments...
Diamer-Bhasha dam gets excluded from CPEC
ISLAMABAD: China’s demand of ownership rights and other strict conditions for Diamer-Bhasha dam has forced Pakistan to exclude this project from China-Pakistan...
PIA proposes selling of Roosevelt hotel, other assets to settle Rs352 billion liabilities
ISLAMABAD: As Pakistan International Airlines (PIA) liabilities soar; the management has drafted a plan to settle them by selling some of its...
Ex-Finance minister refused to release funds for Naulong Dam
ISLAMABAD: Ex-chairman Water and Power Development Authority (WAPDA) Shakil Durrani on Tuesday urged the Public Accounts Committee (PAC) to call former finance...
Industrial sector to grow 7pc in FY18, 7.7pc in FY19: World Bank
ISLAMABAD: Pakistan’s industrial sector is expected to grow to 7 per cent in Fiscal Year 2018 because of continued construction activity coupled...
SBP prepares for Pakistan’s upcoming AML/CFT mutual evaluation
KARACHI: State Bank of Pakistan (SBP) on November 13, 2017, organised a ‘Compliance Forum Session’ for guidance and awareness of financial institutions...
Trade deficit surged a whopping 31.24pc in July-Oct 2017-18
KARACHI: Despite all the efforts of the federal government to reduce the country’s foreign import by levying tax on 731 items, the imports...
Computer service exports increase 32pc during July & August 2017
ISLAMABAD: The export of computer services grew over 30 per cent year-on-year to over $111 million during the first two months of...
Fertilizer exports surge by 100pc during 1st quarter FY 2017-18
ISLAMABAD: Pakistan earned US$ 26.372 million by exporting fertilizer during first quarter of current financial year 2017-18 against exports in same period...
No big companies expected to exit LNG projects
ABU DHABI: Pakistan does not anticipate any more major companies will pull out of the liquefied natural gas (LNG) projects after the...
Pakistan’s public debt skyrockets, touching Rs21.770 trillion by end of August
KARACHI: Figures released by State Bank of Pakistan revealed the country’s public debt touched Rs21.770 trillion by end of August, compared to...
Matiari-Lahore transmission line hits snags, as Chinese firm slows down work
LAHORE: The $2b Matiari-Lahore high-voltage direct current (HVDC) 660kV transmission line is facing numerous delays, as the Chinese company contracted to execute...