Forex reserves maintain a healthy level, no increase in debt liability: Finance Ministry
ISLAMABAD: A Finance Ministry spokesman on Friday stated the country’s foreign exchange reserves continue to maintain a healthy level, while there was...
Pakistan among top five recipients of PPI investment from World Bank
ISLAMABAD: Pakistan has entered the list of five largest recipients of Private Participation in Infrastructure (PPI) investment of World Bank by receiving...
Pakistan Steel Mills privatization plan still intact
ISLAMABAD: Secretary Privatization Irfan Ali on Friday reiterated that Pakistan Steel Mills (PSM) privatization was still on the cards and it was...
Domestic debt keeps climbing to touch Rs15.4t by end of July 2017
ISLAMABAD: The curse of mounting debt doesn't seem to be fading away for Pakistan as federal government’s domestic debt increased to Rs15.4t...
Late night dining out: Punjab minister suggests 25pc “luxury tax” on luxury hotels/restaurants
LAHORE: A 25pc luxury tax has been proposed to be enforced on high-class restaurants and hotels catering food to the elites after...
Gaping hole: Pakistan borrowed $35 billion from 2013-2017 for repayment of maturing debt
ISLAMABAD: The PML-N led government added a colossal amount of $35b in loans from 2013 to 2017, for repayment of maturing debt...
Sliding forex reserves: Pakistan obtains $450m loan from Credit Suisse
ISLAMABAD: To support dwindling foreign exchange reserves, Pakistan has borrowed $450m on a short-term facility from a Credit Suisse led consortium of...
PSM agrees to exchange 5,774 acres land for settling its debts
Islamabad: Pakistan Steel Mills woes worsened further as it was reported that its two largest creditors, National Bank of Pakistan and Sui...
PTI demands PAC action on Rs470b reported irregularities in NHA road projects
Islamabad: Considering revelations of Rs470b irregularities in road construction projects by AGP’s audit report for FY 2016-17, Pakistan Tehreek-i-Insaf has demanded the...
SMEs promotion: Bank Alfalah to get Rs63m funding from Karandaaz Pakistan
Islamabad: Bank Alfalah has bagged a fixed grant worth Rs63m from Karandaaz Pakistan for promotion of small and medium enterprises (SMEs).
This grant...
Country’s direct investment surges by 56.3% to $661.9m in July-Sept 2017
--Total foreign investment decreased by 1.4% to $ 534.1m
KARACHI: During the first quarter of the current fiscal year, the country received an...
Curbing imports: 731 items to become expensive as result of regulatory duty imposition
Islamabad: A Statutory Regulatory Order (SRO) issued by Federal Board of Revenue (FBR) on Monday has raised regulatory duties on over 731...
PTA gets approval for 5G testing
Islamabad: The federal cabinet has granted approval to Pakistan Telecommunication Authority (PTA) to issue a framework for temporary testing, trial and development...
Irregularities worth Rs470b surface in road construction projects
Islamabad: Irregularities worth billions have been discovered in road projects awarded to National Highway Authority (NHA) by auditor general of Pakistan (AGP)...
Industrialization only path to development for Pakistan, says: Lijian Zhao
Islamabad: China’s Charge d’ Affaires Lijian Zhao in a conference held on Monday to talk about Chinese experience in sustainable development, said...