Pakistan cannot afford a lockdown, says SBP Governor Reza Baqir
KARACHI: Lockdowns are a luxury of the rich, and countries like Pakistan cannot afford them, according to the State Bank of Pakistan...
Auto manufacturers express reservations on import of used cars
ISLAMABAD: While importers of used cars in the country are reportedly lobbying for relaxation in import policy, local vehicle manufacturers and assemblers...
CPEC can add an extra 14pc to Pakistan’s GDP in ten years: World Bank
(Updated 01:51 PST)
ISLAMABAD: Mega projects like China's Belt & Road Initiative (BRI) and the China-Pakistan Economic Corridor (CPEC) can prove to be...
Pakistan Post’s revenue surges by 110pcÂ
ISLAMABAD: Revenues for the state-owned Pakistan Post have gone by 110pc during the last year, the Minister for Communications Murad Saeed informed...
Stocks stage 261-point rally; index crosses 35,000 mark
KARACHI: After yesterday's lacklustre performance, indices of the Pakistan Stock Exchange (PSX) staged a rally on Wednesday, with the benchmark KSE-100 Index...
Rs96 billion dispersed to 1,320 companies through SBP’s refinance scheme: Reza Baqir
KARACHI: A total 1,320 companies have availed State Bank of Pakistan’s (SBPs) refinance scheme and a sum of Rs96 billion has been...
Economic Survey to be unveiled on Thursday
ISLAMABAD: The federal government is all set to unveil the pre-budget document, Economic Survey of Pakistan 2019-20 on Thursday June 11.Â
The document...
Sugar mill association files petition against inquiry commission
ISLAMABAD: Pakistan Sugar Mills Association (PSMA) on Wednesday filed a petition to Islamabad High Court (IHC) challenging the establishment of a sugar...
Four economic zones approved for KP
PESHAWAR: The Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC) has approved four locations for economic zones in the province.Â
The selected...
ADB approves $500m loan to Pakistan to aid Covid-19 responseÂ
MANILA: The Asian Development Bank (ADB) has approved a $500 million loan to help the Pakistan Government deliver social protection programs to...
Make in Pakistan policy to ensure job creation, says Razak Dawood
ISLAMABAD: The federal government will pursue ‘Make in Pakistan’ policy to generate economic activity and rationalise tariffs to ensure an export led...
Pakistan among latest countries to get Paris Club debt relief
PARIS: The Paris Club of creditor nations have agreed to suspend debt service payments from Chad, Ethiopia, Pakistan and Republic of Congo...
Payment transactions volume falls 4.2pc in third quarter: SBP
KARACHI: The total payment transactions in Pakistan showed a decrease of 4.2 percent by volume and 3 percent by value in the...
NEC to approve Rs1.41trillion national development outlay for next fiscal year
ISLAMABAD: The National Economic Council (NEC) is set to give approval for Rs1.41 trillion National Development outlay for the next fiscal year.Â
According...
Meezan bank completes issuance of Rs200 billion energy sukukÂ
KARACHI: Meezan Bank, has played a leading role in successfully concluding the issuance of Pakistan Energy Sukuk (PES) II worth approximately Rs...