Oil drops as surprise US stock build douses demand recovery hopes
Oil prices slid for a second consecutive session on Thursday as US industry data showed a steep and surprising build-up in crude...
China negates US propaganda, says CPEC ‘not a debt trap for Pakistan’
ISLAMABAD: A Chinese Embassy spokesperson said on Wednesday that the total loans for the China Pakistan Economic Corridor (CPEC) projects were about...
U.S. companies repatriate over half a trillion dollars in 2018, but pace slows
Dollar repatriation in the July-September period fell to $93 billion, around half of the second-quarter volumes and less than a third of the $300 billion or so sent home from January to March, U.S. current account data shows
Govt releases Rs8bn for Karachi’s development
The government has released Rs8 billion for the completion of ongoing development projects in Karachi, a private media house reported on Tuesday.
The...
Bureaucracy to conform to procedural requirements for release of funds
ISLAMABAD: All procedural requirements for funds disbursement under orders of the Prime Minister will now be conformed to by the bureaucracy.
This happened...
CCP’s performance ‘satisfactory’, says PM’s aide in inquiry report
ISLAMABAD: Adviser to Prime Minister on Institutional Reforms & Austerity Dr Ishrat Hussain has submitted to the government his inquiry report regarding...
UN women delegation calls on Anusha, discuss women economic empowerment
ISLAMABAD: A three-member delegation of UN Women led by UN Women Pakistan country representative Jamshed Qazi, called on Minister of State for...
Sh Rasheed says will quit politics if railways’ circular debt not reduced
LAHORE:Â Railways Minister Sheikh Rasheed Ahmed said on Saturday he would quit politics if the circular debt of Pakistan Railways is not reduced.
Addressing...
Finance ministry proposes rise in regulatory duties to rein in imports
The levying of additional regulatory duties would fetch the national exchequer an additional $1.12 billion, which will assist in reining in the trade deficit
Ministry directed to expedite privatisation process of state-owned entities
ISLAMABAD:Â The Cabinet Committee on Privatisation (CCoP) has directed the Ministry of Privatisation to expedite the process of privatisation of the already approved...
WB says Pakistan’s GDP to shrink by 1.3pc
ISLAMABAD:Â The Gross Domestic Product (GDP) of Pakistan will contract by 1.3 per cent in financial year 2020 due to a sluggish domestic...
General Tyre’s half-year profit jumps to Rs406m despite Covid-induced slowdown
GT attributes record profit to govt's crackdown on smuggling, growth in replacement market, and increase in exports
SECP to make amendments to Sukuk Regulations to facilitate issuers
The Securities and Exchange Commission of Pakistan (SECP) is making amendments to the 2015 Issue of Sukuk Regulations to facilitate the issuers,...
Almost 2500 new companies registered by SECP in OctoberÂ
The Securities and Exchange Commission of Pakistan (SECP) marked a significant stride in economic development by registering 2,463 new companies in the...
FATF watch list threatens with plausible economic pressure
KARACHI:Â Inclusion of Pakistan in the global terrorist financing watchlist can increase the cost of doing foreign transactions for the country, according to...