$230 million loans were obtained in August to control declining forex reserves
Islamabad: A local newspaper has reported that to control sliding foreign exchange reserves, the government obtained two short-term loans from international finance...
8th round of talks on Pak-China FTA scheduled in Beijing on Sept 14, 15
ISLAMABAD
In a move to revise or review the decade old free-trade agreement between Pakistan and China, the 8th round of talks on...
MoF rejects PTI leaders’ allegations as attempt to sensationalise public
ISLAMABAD
Ministry of Finance through a statement issued here on Friday has rejected the allegations levelled by leaders of Pakistan Tehrik-e-Insaf (PTI) during...
In a major move, PM establishes direct control over CPEC
ISLAMABAD
In a major development, Prime Minister Shahid Khaqan Abbasi has stripped Ministry of Planning, Development & Reforms of its function as the...
Market daily: stocks play up, down, up and steady!
LAHORE
The stocks were once again seen riding the rollercoaster on Friday as the market gained, lost and then gained to finally settle...
China’s exports fell in August to $199.2 billion, as imports increase
Beijing: China's export growth weakened in August as global demand softened while imports showed unexpected strength despite expectations of a slowdown in...
Branchless banking deposits grew 95pc during April-June 2017
Karachi: Branchless banking deposits for the April-June quarter went up by 95pc from previous quarter, reported State Bank of Pakistan on Thursday.
As...
Total fiscal deficit reaches Rs1,220 billion during FY 2016-17
Karachi: Data from Ministry of Finance has revealed that domestic debt servicing had a major part to play in the high fiscal...
Price increase sought by oil refineries for jet fuel being provided to armed forces
Islamabad: A local newspaper has reported that oil refineries are seeking a price increase in jet fuel being provided to various segments...
SEMC to face water extraction difficulties at Thar coal mining site
Islamabad:Â After reaching 90 metres depth at Thar coal mining site, the Sindh Engro Coal Mining Company (SECMC) encountered first water aquifer, which...
Power production rose 14pc on year-on-year basis
Karachi: A local newspaper has reported a rise of 14pc in power production during July reaching 12,396.63 gigawatt-hour (GWh) from 10,991.82 GWh...
Oil and gas sector contributed Rs1 trillion in revenues to national exchequer during 2016-17
Islamabad: A local newspaper has reported that the oil and gas sector was the major contributor to national exchequer by contributing over...
New York DFS fines HBL NY branch $225m
Karachi: The New York Department of Financial Services (DFS) said on Thursday that it had fined Habib Bank Limited (HBL) New York branch $ 225...
PM directs for resolving sugar industry issues
ISLAMABAD
Prime Minister Shahid Khaqan Abbasi on Thursday directed Ministry of Commerce to work with the Sugar Advisory Board to come up with...
4,000MW electricity to be added in system, loadshedding to end in Nov: Abid
ISLAMABAD
Minister of State for Power Chaudhry Abid Sher Ali Thursday said the country had achieved the highest-ever power generation of 20,000 megawatts...