China defies US pressure as EU parts ways with Iranian oil

BEIJING/SINGAPORE: China, seeking to skirt US sanctions, will use oil tankers from Iran for its purchases of that country’s crude, throwing Tehran a lifeline...

PM has ordered to bring back laundered money, says Umar

ISLAMABAD: Minister of Finance Asad Umar remarked on Monday that Prime Minister Imran Khan has ordered to bring back money which has been laundered...

Sale of refrigerators, deep freezers up by 15 to 20pc  

KARACHI: The sale of Refrigerators and Deep Freezers have gone up by approximately 15-20 per cent on the eve of this Eidul Azha as...

SBP issues fresh notes ahead of Eidul Azha across Pakistan

KARACHI: To meet the demand for currency on the occasion of Eid-ul-Azha, the State Bank of Pakistan (SBP) through its 16 field offices of...

Market Daily: PM gets cold welcome from PSX as stocks end flat

LAHORE: The Pakistan Stock Exchange (PSX) did not give a very warm welcome to the new Prime Minister. As economic worries loom, investors seem...

Country’s current A/C deficit widens to $2.2bn in July

KARACHI: The current account deficit (CAD) of the country further widened by 12.18 per cent to $2.2 billion in the first month of the...

Rasheed woos investors, says railways is ‘open for business’

ISLAMABAD: Newly-appointed Railways Minister Sheikh Rasheed on Monday said he will need at least four months to bring Pakistan Railways "back up on its...

PM appeals to overseas Pakistanis to send money via banking channels

KARACHI: Newly elected Prime Minister Imran Khan Sunday appealed to the Pakistanis living abroad to send their money through proper banking channels and invest in their...

CDNS achieves Rs14 billion target

ISLAMABAD: The Central Directorate of National Savings (CDNS) has achieved Rs14 billion savings till the second month of the first quarter of the current...

Increased inflow of expats’ remittances attributed to Imran’s victory, Eidul-Azha

ISLAMABAD: Many economic experts in the country attribute the increased flow of remittances from overseas Pakistanis in the month of July to the election...

Improving economy, living standards main mission for govt: Asad Umar

ISLAMABAD: The nominated Finance Minister Asad Umer has said that improving the living standards of people and the economy is the main mission of...

New government likely to bring structural reforms in FBR

FBR, as per reforms may be separated into two separate bodies 

Power division set to use furnace oil instead of RLNG to generate power

ISLAMABAD: Power Division is all set to increase the use of furnace oil for power generation. As a result, power prices will witness an...

Digital banking moving nation towards paperless economy

ISLAMABAD: The emerging trends of digital transactions offered by various banks vitally contribute towards a more efficient - paperless economy. Cashless transactions are becoming the...

Rapid depletion in reserves, unsustainable fiscal deficit hurting economy

ISLAMABAD: The economy is facing a major economic challenge with rapid depletion of foreign reserves and unsustainable fiscal deficit denying the country of its...

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