Pakistan has high production costs due to expensive energy: Ishrat Hussain
ISLAMABAD: Former Governor State Bank of Pakistan (SBP) Dr Ishrat Hussain said on Thursday that Pakistan has a very high cost of production particularly due...
Much detail, little progress in US-China talks, sources say
BEIJING/WASHINGTON: U.S-China trade talks this week were heavy on details but short on progress as US negotiators outlined cases of American firms harmed...
Fitch Ratings appreciates steps taken to ease pressure on external account situation
In a brief analysis report, the agency has highlighted issues pertaining to foreign exchange and the current account deficit as factors likely to adversely impact the external account.
Chinese consortium to buy 25 per cent stake in Dhaka Stock Exchange
A Chinese consortium has proposed buying a 25 per cent stake in Dhaka Stock Exchange for BDT9.9 billion ($118.998 million), reported a...
PKR–US$ exchange rate adjusts in the interbank market
KARACHI: The Rupee-Dollar exchange rate in the interbank market closed at Rs128.0 per US dollar against the closing level of Rs121.55 per...
Iran merging military-linked banks to stabilise sector
DUBAI: Iran is merging four military-linked banks and another financial institution with the country’s oldest bank to boost efficiency and help stabilize the...
Bears in control as KSE-100 sheds another 380 points
KARACHI: Bearish sentiments surrounded the Pakistan Stock Exchange (PSX) on the last trading session of the week, as indices bled all day...
Pakistan’s foreign reserves stand at $16.685bn
KARACHI: According to data released by the State Bank of Pakistan (SBP), the total liquid foreign reserves held by the country stood...
Japan to penalise cryptocurrency exchanges
TOKYO: Japan’s financial regulator will this week slap several cryptocurrency exchanges with administrative punishment notices and is considering forcing some to suspend...
Pakistan suggests ADB strengthen its resident mission
“The ADB may also further strengthen its capacity to support social sector, help expand private sector, operations including Public-Private-Partnerships (PPPs), enabling development member countries to address these challenges,” Economic Affairs Division Secretary Syed Ghazanfar Abbas Jilani said
New rupee devaluation an economic risk: LCCI former chief
LAHORE: Terming the new rupee devaluation as economic risk, leading businessman and former President Lahore Chamber of Commerce and Industry (LCCI), Mian...
Federal budget 2018-19 to be pro-poor, business friendly
ISLAMABAD: Special Assistant to Prime Minister on Revenues, Senator Haroon Akhtar Khan here on Tuesday said that budget 2018-19 would be pro-poor, business-friendly,...
Foreign reserves decrease by $219m due to external debt servicing
The total liquid foreign reserves held by the country stood at $14,613.9
million on 12 October 2018.
The foreign reserves held by the State...
Stocks stay flat in range-bound trading
KARACHI: Amidst lack of positive triggers and times of economic uncertainty, the investors of Pakistan Stock Exchange endured another range-bound session on...
Musical chairs continue, as additional secretary finance removed after one day in office
ISLAMABAD: As race heats up to find a replacement for embattled ex-Finance Minister Ishaq Dar, in another development Additional Finance Secretary Ghazanfar...