Food imports post meagre 0.68 percent rise to $6.185 billion during FY18
Also, PBS data revealed oil imports surged 32.1 percent, touching $14.4 billion in just concluded FY18 due to rise in global prices of petroleum causing the import bill to surge.
Mortgages escalate 250 percent during 1st quarter of FY 2017-18
KARACHI: Driven by low interest rates regime, State Bank of Pakistan (SBP) reported house financing loans registered a staggering rise of 250...
China, Belt and Road countries’ trade volume amounted to $1.1 trillion last year
BEIJING: Last year, trade volume between China and countries along the Belt and Road amounted to $1.1 trillion, up 14.8 per cent...
French businessmen keen to tap emerging opportunities in Pakistan
The French business companies Tuesday expressed their interest in taking an advantage of the new trade and investment opportunities emanating out of...
ICCI calls for a cut in high tax rates in next budget to improve tax revenue
ISLAMABAD: President, Islamabad Chamber of Commerce and Industry (ICCI) Sheikh Amir Waheed has said that the high tax rates in Pakistan was...
S&P lowers Turkey’s credit rating deeper into junk territory
S&P forecast that inflation will peak at 22 percent over the next four months and said the weakening lira was putting pressure on the indebted corporate sector and had considerably increased the funding risk for Turkey’s banks
FPCCI seeks 100pc adjustment of input tax
In order to improve the country's ease of doing business ranking, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has...
US economy misses Trump’s 3pc target in 2018
WASHINGTON: US economic growth in 2018 missed the Trump administration’s 3pc target by any measure, which could renew criticism of the White House’s...
PSX closes 64 points lower amid volatility
KARACHI:Â Investors of the Pakistan Stock Exchange (PSX) witnessed a volatile session on Wednesday, as the indices swung in both directions amid low...
SAARC CCI to organise seminar on ‘Climate Resilient South Asia’
ISLAMABAD: The South Asian Association for Regional Cooperation (SAARC) Chamber of Commerce and Industry (CCI) will organise a one-day seminar on “A...
Agri-sector posts significant growth of 3.46% in 2016-17
The agricultural sector witnessed significant growth of 3.46 percent during the fiscal year 2016-17 as against the set target of 3.5 percent....
IMF urges central banks to take transparent approach towards tightening monetary policy
WASHINGTON: The International Monetary Fund urged central banks Wednesday to take a gradual and transparent approach to tightening monetary policy, warning that...
Asia stocks bounce from three-and-a-half month lows as trade fears soften
U.S. crude inventories rose by 8.6 million barrels in the week to May 10 to 477.8 million, compared with analysts’ expectations for a decrease of 800,000 barrels.
Budget pro-poor, pro growth: Senate treasury benches
ISLAMABAD: Treasury benches in the Senate Friday termed the federal budget 2018-19 as pro-poor and growth-oriented, while the opposition termed it as...
Pakistan’s war on terror losses decrease to $3.9b in FY 2016-17
The Economic Survey 2016-17 unveiled on Thursday revealed that Pakistan’s losses from the war on terrorism had reached $123b. Besides this, the...