MoC to amend rules, prevent political appointment of TDAP executive
While the government is yet to appoint the new head of Trade Development Authority of Pakistan (TDAP) since the resignation of the...
Senate committee calls meeting over FBR’s abuse of power
A meeting of the Senate’s Standing Committee on Finance was held in Islamabad under the Chairmanship of Senator Salim Mandviwala to discuss...
PSX signs MoU with SMEDA and ICCI
Pakistan Stock Exchange Limited (PSX) signed a Memorandum of Understanding (MoU) with Small and Medium Enterprises Development Authority (SMEDA) and Islamabad Chamber...
Norway’s fund worth $940 bn well below the benchmark
Norway’s $940 billion sovereign wealth fund has plenty of room up to its risk limit, and that’s just how it wants it.
The...
SECP makes changes to Public Sector Companies Rules
As per an issued statement, the Securities and Exchange Commission of Pakistan (SECP) has amended the Public Sector Companies (Corporate Governance) Rules,...
PIA’s liabilities stand at Rs341b
Pakistan International Airlines (PIA) finance manager Omar Bin Sadat on Thursday, informed the National Assembly Standing Committee on Cabinet Secretariat that the...
Foreign exchange reserves fall to $21.1b
The decline in foreign exchange reserves continued as they fell to $21.1b according to a report released by the State Bank of...
Pakistan accumulates another $115m loan in foreign debt
Pakistan has obtained another short-term foreign loan worth $115m from Dubai-based Noor Bank, to take the federal government’s accumulated external borrowings to...
Pakistan says no to part-financing from ADB as China agrees to solely finance railway project
After China stated that it will be fully financing the $8b Karachi-Peshawar Railway Line (ML-1), Pakistan has refused to accept part-financing from...
Chambers recommend a stop to FBR raids
The Senate Standing Committee on Finance on Thursday decided to write letters to the President and Prime Minister to stop raids by...
2nd day of IGATEX Pakistan 2017
Talks with the government are underway for the payment of export refunds so that the liquidity crunch being faced by textile exporters...
Double taxation avoidance treaty signed between Pakistan and Bulgaria
After successful conclusion of second round of negotiations between Pakistan and Bulgaria, an agreement for avoidance of double taxation and prevention of...
Select USA Investment Summit welcomes Pakistani Investors’ participation
The American Commercial Counselor Steve Knode, on Tuesday, has invited Pakistani businessmen to participate in Select USA Investment Summit, due to be...
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...
Investors eyeing Pakistan as lucrative investment destination: Ahsan
Minister for Planning, Development and Reform, Ahsan Iqbal Tuesday said that the world’s key investors were eying Pakistan as a potential investment...