Govt planning to issue $1 billion bond by end of October
Karachi: With the current account deficit (CAD) having risen to $2.05b during the first month of new financial year 2017-18, the government...
Rising current account deficit may force Pakistan to seek IMF bailout
Karachi: Pakistan’s current account deficit (CAD) which has risen to $2.5 during July, is affecting the country’s economy amidst dwindling foreign exchange...
Govt pondering to lay oil pipeline in light of tanker strikes
Islamabad: The continuing threats of strikes by the Oil Tankers Association, has made the government reconsider its plans and the Economic Coordination...
CNG sector hopeful of resurgence says: APCNGA
Islamabad: The All Pakistan Compressed Natural Gas Association (APCNGA) expressed confidence on Tuesday in a strong revival of the CNG sector on...
China and Pakistan may not permit any country to join CPEC before 2020
Islamabad: According to information available, it has been disclosed by officials that Pakistan and China will not permit any other country to...
Cabinet approves execution, completion of ongoing gas development schemes
Islamabad: The Federal Cabinet on Tuesday approved the execution and completion of ongoing gas development schemes and launch new projects under present...
AGP audit report reveals Rs1.32t financial misappropriation in power sector
Islamabad: Rs1.32t worth of financial misappropriation, irregularities, recoveries and overpayments have been said to be found by the auditor-general of Pakistan (AGP)...
PIA may get another Rs10 billion bailout
Islamabad: Pakistan International Airlines could be slated to receive another bailout to the tune of Rs10b, as the government considers increasing its...
Tractor production increased by 54.59pc during last FY 2016-17
Islamabad: Tractor production in the country during financial year ended on June 30, 2017 increased by 54.59 percent as compared the production...
FPCCI asks govt to reduce power tariff for export sector
Islamabad: Former Governor of the State Bank of Pakistan Dr. Ishrat Hussain has said that exports play a very important role in...
PBC meets PM, suggests major policy intervention
ISLAMABAD
Competitive energy costs for exporters, renegotiation of FTAs with China, meticulous pursuit of FTAs with Thailand and Turkey, and withdrawal of “Full...
Pakistani entrepreneurs support Vision 2025 goal of $150bn exports
KARACHI
With Pakistani entrepreneurs and startups playing a key role in fostering $ 150 billion in exports by 2025, one of the world’s...
Gwadar port to be fully operational in 3 to 4 years: Masood Khalid
BEIJING
Pakistan Ambassador to China Masood Khalid Tuesday said the development work is in progress on Gwadar port and expressed the confidence that...
$5bn lost to decline in cotton production: PARC
ISLAMABAD
Pakistan Agriculture Research Council Chairman Dr Yousaf Zafar has said that Pakistan lost $ 5 billion during the last three years due...
Govt moves to revive Pakistan Horticulture Development and Export Company
ISLAMABAD
In a major decision, the government has decided to revive the defunct Pakistan Horticulture Development and Export Company (PHDEC) that will help...