A weaker rupee would help the economy: World Bank
LAHORE: Recent World Bank analysis stated that a weaker Pakistani rupee would help external balances with limited economic costs.
The recent analysis outlines...
Growing fiscal, external imbalances wipe away record 10-year gains
KARACHI: Although Pakistan's economic performance remained robust during the fiscal year 2017 but growing fiscal and external imbalances eroded hard-earned gains in...
China to lift curb on foreign ownership limits in financial sector
BEIJING: China will ease restrictions on foreign ownership stakes in the financial sector and reduce tariffs on automotive imports, a senior Chinese...
Parliamentary panel issues warning to foreign banks for non-cooperation
ISLAMABAD: Foreign banks have faced the ire of a parliamentary panel on finance for subverting its calls on an ongoing probe into...
Trade volume touched Rs48b in LOC during 2017
MUZAFFARABAD: Speakers at a seminar on Thursday underscored the need for an uninterrupted and hassle-free mechanism for trade on the Line of Control...
Deputy governor SBP quashes worries over rising trade/current account deficit
LAHORE: State Bank of Pakistan Deputy Governor Jameel Ahmad said widening trade and current account deficit aren't something to be worried about as...
High import duties harming export competitiveness: World Bank
KARACHI: World Bank on Thursday released its twice-a-year report “Pakistan Development Update” stating the country needs to decrease average tariffs and reduce...
Football exports increased 8.53pc during 1st quarter FY 2017-18
ISLAMABAD: Pakistan earned US$37.808 million from the export of footballs during the first quarter of the current fiscal year, showing an increase...
Pakistan’s Liquid Foreign Reserves increase by $14mn
KARACHI: The total liquid foreign reserves held by the country stood at $ 19,912.1 million on November 3, 2017.
A State Bank of...
Remittances surge by a whopping 28pc in Oct 2017
KARACHI: Overseas Pakistani workers remitted $ 6.444 billion in the first four months (July to October) of 2017-18 up by 2.2 per...
Pakistan’s weight in MSCI EM index may fall to 0.10pc after semi-annual review
KARACHI: As MSCI’s semi-annual index review date (13th November) draws closer, a Topline Security report has predicted Pakistan’s weightage in its emerging...
Pakistan faces a daunting task of creating jobs: World Bank
KARACHI: According to a World Bank report released on Thursday, Pakistan needs accelerated economic reforms to speed up growth, create more jobs and...
PAC condones illegal commercial practices of Pakistan Rangers
ISLAMABAD: Pakistan Rangers’ practice of illegally collecting contributions via coercive means and carrying out commercial activities has been condoned by Public Accounts...
Saudi Arabia showing keen interest in CPEC, says minister
ISLAMABAD/LAHORE: Communications Minister Hafiz Abdul Kareem said on Wednesday that Saudi government was showing interest in China Pakistan Economic Corridor (CPEC).
During a...
The great land theft
If there is a single place that can be thought of as the foremost cathedral to free-market capitalism, it is not the...