NHA awards Rs9.2bn contract for last section of western route under CPEC
The National Highway Authority (NHA) on Wednesday awarded a contract of Rs9.2b to the joint venture (JV) of construction firms SKB and...
Govt offers Alibaba complete support for establishing e-commerce
In a major development, the government has offered complete support to the Chinese e-commerce giant Alibaba to commence its operations in Pakistan...
‘SAARC Investment Outlook’ aims to facilitate businessmen, investors of South Asia
SAARC Chamber of Commerce and Industry (SAARC CCI) has launched its recent publication “SAARC Investment Outlook” to unleash the true potential of...
WB projects Pakistan’s economy to grow at 5.2 pc in 2017
With growth prospects continuing to improve and inflation remaining contained, Pakistan economy would continue to grow at 5.2 percent in 2017, the...
WB projects macroeconomic indicators to grow in future
The World Bank has projected the growth of Pakistan’s industrial sector at 7.7 percent by 2019.
According to the twice-a-year South Asia Economic...
FDI rises by 12pc
Foreign direct investment (FDI) registered an increase of 12.4 pc year-on-year in the first three-quarters of 2016-17 primarily due to funds flowing...
Budget deficit target likely to be set at Rs1.44tr for FY 2017-18
The government is likely to set the next fiscal year’s budget deficit target at around Rs1.44 trillion, owing to the implementation of...
Ministries seek Rs1.8t for development budget 2017-18
Minister for Planning and Development Ahsan Iqbal, on Monday, informed that various ministries and agencies have placed the next year’s demand for...
KP govt,Chinese firms sign 11 MoUs
Beijing: The Khyber Pakhtunkhwa government on Monday signed 11 memoranda of understanding (MoUs) with Chinese companies relating to China-Pakistan Economic Corridor (CPEC)...
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...
Budget for FY 2017-18 likely to be announced on May 26
The budget for the financial year 2017-18 is scheduled to be announced on May 26, Finance Minister Ishaq Dar said while talking...
Govt asked to reform SBP, PSEs
The Pakistan Economy Watch (PEW) on Sunday said the government should provide autonomy to the State Bank of Pakistan (SBP) and install...
Gwadar port operates three multifunctional piers, creates 20,000 jobs for locals
Gwadar, the third deep-water port in Pakistan, now operates three multifunctional piers with an annual throughput capacity of between 50,000 and 70,000...
FTAs, PTAs increasing trade imbalances, deficit
In FY 15-16, trade volume with China stands at $1.903 billion exports and $8.126 billion imports
Amid reduction in production and ill-planned...
Preparations for Hannover Messe 2017 nearing completion
Engineering Development Board (EDB), Ministry of Industries and Production have informed that the preparations for the upcoming Hannover Messe-2017 Germany scheduled to...