China tips into deflation as efforts to stoke recovery falter
China's consumer sector fell into deflation and factory-gate prices extended declines in July, as the world's second-largest economy struggled to revive demand...
NAB to focus on taking action against big fish
KARACHI: Chairman NAB, Justice (retd) Javed Iqbal said that corruption is a curse as fighting such menaces is tantamount to waging Jihad.
Addressing...
Pakistan’s corporatisation: Senate Standing Committee approves Companies Bill
The Senate Standing Committee on Finance, Revenue, Economics Affairs, Statistics and Privatisation has approved the Companies Bill, 2017, after proposing certain important...
Benchmark index ends chaotic session in green
KARACHI
The awry ride for investors at the Pakistan Stock Exchange ended well with the indices grabbing decent gains. Contrary to the session...
Banks register higher profits owing to rise in deposits & lending
Commercial banks' profits are rising in Pakistan on bigger volumes, enlarging transactions and growing businesses.
Overall deposits of all commercial banks stood at...
World Bank forecasts Pakistan’s economy to grow by 5.5pc in 2018
Islamabad
The World Bank has forecast that Pakistan is expected to pick up to a 5.2 percent rate in fiscal 2017 (July 1,2016...
Overseas remittances rose 13.2pc for July and August says: SBP
Karachi: State Bank of Pakistan on Thursday released data for remittances set by overseas Pakistani workers for two months of July and...
German business confidence drops for 6th straight month
The Ifo institute said its monthly index declined to 98.5 points from 99.3 in January, sinking to its lowest level since December 2014
US weekly jobless claims unexpectedly fall
WASHINGTON:Â The number of Americans filing applications for unemployment benefits unexpectedly fell last week, pointing to strong labor market conditions despite signs that...
Dar to unveil electronic transfer system today for RPO funds transfer to exporters
Islamabad: In an event to be held today at the Federal Board of Revenue, the Finance Minister Ishaq Dar will unveil an...
NA body recommends installing 2mn gas connections in two years
ISLAMABAD
National Assembly Standing Committee on Petroleum and Natural Resources Monday recommended the Sui Northern Gas Company Limited (SNGPL) to give two million...
Qatar dispute with Gulf countries hurting international businesses
Doha/Dubai: International businesses are being caught in the crossfire of Qatar’s dispute with its Arab neighbors as it delays shipments, lengthens travel...
Bulls stage comeback as KSE-100 gains 474 points
KARACHI: After yesterday's brutal sell-off, trading session at the Pakistan Stock Exchange (PSX) began on a buoyant note on Tuesday, with the...
Govt wants to facilitate businesses, says finance adviser
Adviser to Prime Minister on Finance Abdul Hafeez Shaikh on Thursday said that the Pakistan Tehreek-e-Insaf (PTI) government wants to facilitate businessmen...
Gold imports increase 4.78pc in six months
ISLAMABAD:Â Gold imports into the country increased by 4.78pc during the first half of the current financial year (2019-20) as compared to the...