Direct investment surges by 9.9% to $1.161bn
Total foreign investment up by 52.7% to $1.830bn
Pakistan’s foreign investment in July-Jan 2016-17 swelled up by 52.7 per cent to $1.830...
Chinese investors keen to set up industrial park, JVs in Pakistan
Chinese investors are keen to set up an industrial park, power generation plants and joint ventures (JV) in many sectors of Pakistan as...
KSE-100 sheds 670 points in intra-day trading
The KSE-100 Index plummeted as much as 670 points or 1.35% during intra-day trading.It is believed that SECP’s crackdown on in-house financing...
Govt misses annual budget deficit target, escalates to an alarming Rs 799b
The government has miserably failed to meet the parliament-approved annual budget deficit target by Rs 200 billion, widening the gap to an...
Tesco seeks entry into local retail industry
Tesco PLC – United Kingdom’s (UK) largest and the world’st third largest retailer has allianced with Alpha Supermarkets in Pakistan to introduce...
Pakistan’s economy to grow at 5% of GDP
The country’s economy is going in the right direction and is likely to grow 5 per cent or above in the current...
Efforts underway to gradually adopt Islamic financing: Senate told
The Senate was informed on Tuesday that efforts are underway to gradually adopt Islamic mode of financing in the country.
Minister for Law...
HBL keeps expectations intact
Habib Bank Limited (HBL) announced its CY16 results today, posting earnings of Rs 31.8 billion and earnings per share (EPS) of Rs...
Rolls Royce hit hard by record loss of £4.6 billion
Rolls-Royce has posted a record loss of £4.6 billion, it was reported on Tuesday. The British aero engine maker has been experiencing...
Standing body to discuss tariff structure of CPEC projects on Feb 14
The National Assembly’s Standing Committee on Planning, Development and Reforms will meet here on Tuesday, to discuss the tariff structure of China...
PSEB committed to promote modern technologies of IT
Pakistan Software Export Board (PSEB) is fully committed towards promotion of modern technologies and capacity building of IT graduates and companies.
Managing Director...
Senate body concerned over increasing interest rates for agri-sector
Senate Standing Committee on National Food Security and Research expressed its concerns over increasing rate of interest charged by the Zarai Taraqiati...
ECC approves sovereign guarantee for power sector
The Economic Coordination Committee of the Cabinet (ECC) on Monday approved sovereign guarantee for the syndicated term of finance facility for the...
Sales tax on contractors raises cost of development projects
The cost of new development projects in Punjab has gone up due to the imposition of a 16 percent sales tax on...
Pakistan pockets $2m worth of import orders at Fruit Logistica 2017
Pakistani growers and exporters of fresh fruits and vegetables participating in the ‘Fruit Logistica 2017’ have received an estimated import order of...