Current account deficit surges by 131pc during FY 2016-17
Karachi: The State Bank of Pakistan on Thursday revised the figures for the current account deficit (CA) which increased to $10.64b, surging...
Gazprom, OGDCL sign MOU for exploration and development of gas fields
Islamabad: Pakistan’s Oil and Gas Development Company Limited (OGDCL) and Russia’s Gazrprom International have signed a Memorandum of Understanding (MOU) in Moscow...
ADB may extend $2b annual loan to Pakistan
Islamabad: The Asian Development Bank (ADB) Vice President, Wencai Zhang on Thursday indicated that the lender may be considering extending out a...
Seafood exports surge by 19.45pc
Islamabad: The exports of fish and fish preparations from the country witnessed increase of 19.45 percent during the first eleven months of the fiscal...
Pakistani mangoes fail to capture US market
Karachi: Despite getting approval for zero duty under the generalised system of preferences (GSP) six years ago, Pakistani mangoes have failed to...
LCCI urges need for establishing display centers at Pakistani embassies abroad
LAHORE
The Lahore Chamber of Commerce & Industry has urged the Pakistan’s foreign missions across the world to establish display centers for organizing...
Financial policy stand-off: MoF, SBP disagree on exchange rate issue
KARACHI
The stand-off among the Ministry of Finance (MoF) and State Bank of Pakistan (SBP) became serious on Thursday when Ishaq Dar through...
ADB calls on Dar, assures support for reforms
ISLAMABAD
After noting that the policy-based lending for reforms in Pakistan has been very successful, the Asian Development Bank (ADB) has assured the...
New SBP governor to order inquiry into Pak Rupee fall: Dar
ISLAMABAD
Finance Minister Ishaq Dar said on Thursday that the government would appoint a new governor of the State Bank of Pakistan (SBP)...
KSE-100 takes yet another dip
LAHORE
The Pakistan Stock Exchange on Thursday remained volatile in the absence of any positive trigger.
Investors who bought textiles, E&P’s and power scripts...
Rupee depreciation result of miscommunication: Dar
ISLAMABAD: Finance Minister Ishaq Dar while addressing the media, has stated that the sudden surge in US dollar vaule was due to...
Panic prevails in forex market as rupee plunges 3.2 pc against dollar
The rupee plunged as much as 3.2 pc in value against the US dollar on Wednesday causing a panic situation in the...
Tax exemption on IT exports to fuel growth
ISLAMABAD: Â The federal government has allowed tax exemption on exports of information technology (IT) products and services till June 2019 in federal...
Govt fails to achieve fiscal deficit target
ISLAMABAD
The government has failed to achieve the fiscal deficit target for the last fiscal year 2016-17 (FY17), which has increased from the...
Berlin Petroleum launches operations in Pakistan
LAHORE
Berlin Petroleum (Private) Ltd. is excited to launch their products in Pakistan for the first time, it was learned here.
Berlin is the...