Covid-19 ‘Great Lockdown’ to shrink global economy by 3pc in 2020: IMF
WASHINGTON: The global economy is expected to shrink by 3 per cent during 2020 in a stunning coronavirus-driven collapse of activity that...
Repatriation of profits and dividends rises to $1.33b during first 9 months of FY 2016-17: SBP
According to statistics released by the State Bank of Pakistan (SBP) on Tuesday, the repatriation of profits and dividends in the first...
FMPAC riles over non-disbursement of fertilizer subsidy claims
Karachi: On Tuesday, Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC) denounced the government for not having disbursed the pending claims to the...
OICCI believes Companies Act 2017 may impede foreign investment
Karachi: Overseas Investors Chamber of Commerce and Industry (OICCI) has expressed its fear about Companies Act 2017, which it believes have a...
PIAF concerned as big industry contracts for 11th consecutive month
LAHORE: Pakistan Industrial and Traders Associations Front (PIAF) has raised serious concerns over the continuous decline in the large-scale manufacturing index (LSMI),...
Govt approves hike in prices of life-saving drugs
Islamabad: The federal government has torpedoed the happiness of countrymen by increasing rate of life saving drugs up to 10 percent.
Sources said...
Private sector’s credit off-take surges up four times during July-November 2017
KARACHI: Data released by State Bank of Pakistan (SBP) on Monday revealed private sector’s credit off-take from commercial banks has boomed and...
SBP to bolster vigilance mechanism for monitoring foreign banking operations
Karachi: Governor State Bank of Pakistan, Tariq Bajwa on Tuesday said measures will be undertaken to bolster vigilance mechanisms for tracking international...
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...
Concerted efforts sought to diversify exports: FPCCI
Karachi
Ahmad Jawad, Chairman of Regional Standing Committee, Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has sought concerted efforts to diversify...
Minister stresses need for enhanced connectivity between ECO member states
ISLAMABAD:Â Planning, Development and Reform Minister Makhdoom Khusro Bakhtiar has said that the Economic Cooperation Organization (ECO) offers a great potential to enhance...
Overseas chamber urges abolition of super tax
by AMER SIAL
The Overseas Investors Chamber of Commerce and Industry (OICCI) has demanded that the super tax should be abolished, corporate and...
Symantec reports Pakistani and Indian entities hit by spy malware attack
Mumbai: Symantec Corp, a digital security company, says it has identified a sustained cyber spying campaign, likely state-sponsored, against Indian and Pakistani...
US job growth slows in June; unemployment rate falls to 3.6%
U.S. job growth slowed more than expected in June after surging in the prior month, but labor market conditions remain tight, with...
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...