Committee finalizes its recommendations for PSDP Budget 2017-18
The Senate Standing Committee on Planning, Development and Reforms in its meeting on Saturday has finalized its recommendations for PSDP Budget 2017-18...
SBP painted an overly optimistic analysis of the economy, say experts
Karachi: Analysts have doubted the overly optimistic analysis by State Bank of Pakistan about the country’s economy considering recent global oil prices...
KP allocates Rs65.7b to health sector in budget for FY 2017-18
Rs65.7b allocated to the health sector
Peshawar
The Khyber-Pakthunkhwa government on Wednesday allocated Rs65.7b for the health sector in the budget of financial year (FY) 2017-18. The...
Saudi energy minister says oil market on ‘right track’
ABU DHABI: Saudi Arabia’s Energy Minister Khalid al-Falih said on Sunday the oil market is “on the right track” and will quickly...
Govt fails to fund gas projects despite Rs295bn cess collection, SC told
The government has failed to funnel funds into the Iran-Pakistan pipeline project in spite of collecting Rs295 billion the under Gas Infrastructure...
Moody affirms B3 rating to Pakistan’s US dollar denominated notes
LAHORE: A press release issued by Moody Investor’s Service has given a B3 rating to Pakistan’s (B3 stable) US dollar-denominated notes.
The credit...
Bitcoin more likely to be worth $100 than $100,000 in a decade, says Harvard economist
NEW YORK: A decade from now, will one Bitcoin be worth $100 or $100,000? According to Harvard Professor and Eonomist Kenneth Rogoff,...
Average CPI inflation witnesses 4.16pc increase
KARACHI
The average inflation, Consumer Price Index (CPI) hiked by 4.16 per cent on year-on-year (YoY) basis in July-June 2016-17 as compared to...
Unilever drops London for post-Brexit Dutch HQ, chooses the Netherlands
THE HAGUE: Anglo-Dutch consumer giant Unilever on Thursday chose The Netherlands over London to host its headquarters, dealing a blow to Britain's...
Pakistan’s repayments on CPEC to peak at $5b in 2022: chief economist
Pakistan’s debt and other repayments on China’s “Belt and Road” initiative will peak at around $5 billion in 2022, but will be...
China’s premier says tax cuts support employment, economic stability
SHANGHAI: China’s plans for tax cuts targeting smaller companies will help to support employment and economic stability, and will expand the country’s tax...
Europe restarts car factories as virus cases fall
FRANKFURT: German car-making giant Volkswagen resumed production at its biggest factory on Monday as part of a broader industry drive to get...
Commerce ministry seeks textile associations’ proposals for boosting exports
KARACHI
The Federal Ministry of Commerce and Textile seeks concrete and comprehensive proposals from the representatives of all the textile associations, especially value-adding...
SECP Chairman chairs meeting at the stock exchange
Karachi: A meeting was chaired at the Pakistan Stock Exchange (PSX) by Chairman Zafar Hijazi of Securities and Exchange Commission of Pakistan...
Rising gas imports likely to increase pressure on forex reserves
The government is increasingly relying on gas imports to meet energy needs of various sectors, as a slowdown is witnessed in oil...