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...
CM Punjab announces formation of committee to address business grievances
A delegation of Lahore Chamber of Commerce and Industry (LCCI) Executive Committee on Friday has asked the Punjab Chief Minister (CM) Shahbaz...
Foreign brands operating through franchises to be brought under tax net : FBR
The government is considering an amendment in the taxation laws to bring foreign brands, operating through franchise/liaison office in the country, into...
ECC defers summary to withdraw partial export incentives
The Economic Coordination Committee (ECC) of the Cabinet on Friday has postponed taking a decision on the summary moved by the finance...
Domestic debt servicing registers an increase
In a report released by the State Bank of Pakistan (SBP) Â on Friday, it was revealed that despite low-interest rates, the government...
ECC decides to allocate 10 mmcfd gas from Tolang field to SNGPL
The Economic Coordination Committee (ECC) meeting chaired by Finance Minister Ishaq Dar was held on Friday in which the decision to allocate...
Chinese businessmen offer to invest in proposed economic zone in Sindh
Chinese businessmen from Tianjin city have offered to invest in the proposed economic zone in Ketti Bander Thatta or in Chinese Special...
PR abandons billion dollar Private Track Access project
The Sindh High Court (SHC) has granted a stay against Pakistan Railways for abandoning a multi-billion rupees project with a private firm...
Exports to India rise14pc despite rising tensions
Since the beginning of the current financial year, despite the rising tension between Pakistan and India, trade between the two has remained...