Oil tankers association strike called off amidst reassurances from Sindh Governor
Karachi: The All Pakistan Oil Tankers Association (APOTA) has called off its plan to hold a strike which was due to start...
Trafigura to acquire 51pc stake in Pakistani oil marketing company, Admore
Lahore: Geneva based Swiss oil trading company Trafigura has shown an interest in acquiring Pakistani oil marketing company Admore for $40m.
Trafigura is...
Sinopec may be awarded oil and LNG supply contract
Islamabad: Sinopec, one of China’s largest energy conglomerate could be assigned multi-billion-dollar oil import and LNG supply contracts on a government-to-government approval...
FBR failed to take action against 330 individuals reported for money laundering
Islamabad: The State Bank of Pakistan’s Financial Monitoring Unit (FMU) last year had accused 330 people of having laundered money abroad, but...
Govt urged to control fall in forex reserves and exchange rate
Islamabad: The Pakistan Economy Watch (PEW) on Sunday asked the government to stem fall in forex reserves and exchange rate.
The fall in...
Pakistan and Indonesia reach agreement to give concession on 20 items for trade purposes
Islamabad: Pakistan and Indonesia have agreed on concession for 20 different items during bilateral negotiation under Preferential Trade Agreement (PTA).
Both sides discussed...
Industrial sector expected to grow by 7.3pc during current FY 2017-18
Islamabad: Keeping in view the performance of prevision year, the industrial sector of the country is targeted to grow by 7.3 percent...
Poor policies hurting private investments despite increasing FDI
Analysts say govt is failing to attract private sector due to poor taxation polices, political uncertainty
ISLAMABAD: Unlike Foreign Direct Investment (FDI),...
Bank of China could commence operations by end of September says: SBP
Karachi: According to official spokesman, Abid Qamar of the State Bank of Pakistan (SBP) on Friday said, the Bank of China (BOC)...
PBIT launches entrepreneurship desk to help startups
Lahore: The soft launch of a specifically assigned entrepreneurship desk was announced by Punjab Board of Investment and Trade (PBIT) on Friday.
In...
APBF asks new govt to adopt holistic approach for economic growth
Karachi: As the prime minister and his new cabinet have taken the charge, the All Pakistan Business Forum president Ibrahim Qureshi has...
No foreign loans obtained in August by govt, says: Finance Ministry
Islamabad: According to sources in Ministry of Finance, Pakistan hadn’t obtained any commercial foreign loan loans since Prime Minister Shahid Khaqan Abbasi...
Pakistan will pay a whopping Rs38.224b for external debt from 2017-2023
Islamabad: The Finance Ministry on Friday apprised the National Assembly that the country’s foreign debt and liabilities were recorded at Rs6.11t ($58b).
The...
CPPA approaches Nepra to approve tariff refund of Rs1.71 for July
Islamabad: Central Power Purchasing Agency (CPPA) on Thursday submitted an application for tariff refund of Rs1.71 for July 2017 to National Electric...
Trade volume set to touch $2.5b between Pakistan and Indonesia this year
Karachi: Indonesian Consul General Dempo Awang Yuddie speaking in a ceremony held in Karachi to commemorate 72nd anniversary of Republic of Indonesia...