Parliamentary panel concerned regarding govt influence over regulators

ISLAMABAD The Senate standing committee on finance on Wednesday expressed serious concerns over the government’s tight control over the autonomous regulators - the...

FPCCI urges FBR to reduce tax rates to utilise competitive edge of indigenous products

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed to the Federal Board of Revenue (FBR) to reduce...

FBR, NTC sign MoU for electronic exchange of information

ISLAMABAD: Federal Board of Revenue (FBR) and National Tariff Commission (NTC) have signed a Memorandum of Understanding (MoU) for the exchange of...

Japan to provide technical, financial assistance to promote SMEs

ISLAMABAD: Japan will provide technical and financial assistance to promote Small and Medium Enterprises (SMEs) to boost the export-oriented cottage industries of Sialkot. This...

How Jack Ma became the role model for China’s startup generation

Ma represents the first international generation of Chinese entrepreneurs. By Lulu Yilun Chen and David Ramli Long before he became China’s most globally prominent...

IMF to seek ‘absolute transparency’ of Pakistan’s debts in bailout talks

NUSA DUA, INDONESIA: The International Monetary Fund (IMF) launched formal bailout talks with Pakistan on Thursday, and IMF managing director Christine Lagarde...

Govt institutions evaluate possibilities to bring looted money from abroad

ISLAMABAD: As the finance minister-in-waiting Asad Umar has announced to establish a task force for bringing back looted money from abroad, the...

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...

Budget 2018-19: Govt earmarks Rs72,255mn for power division projects

According to the budgetary documents, an amount of Rs65,099.054 million has been earmarked for 47 ongoing hydel projects while Rs7,156 million have been assigned for 18 new schemes under the PSDP 2018-19.

Actis bids for Abraaj’s emerging market funds, claim sources

Abraaj received bids this week to manage funds and is expected to close the deal by the end of the year DUBAI: Actis,...

PSX set to launch ETF this year: Morin

KARACHI: Pakistan Stock Exchange (PSX) CEO Richard Morin said on Thursday an exchange-traded fund (ETF) will be launched on the bourse in the second...

‘Serious reservations’ in Cabinet over upcoming mini-budget

ISLAMABAD: While Finance Minister Asad Umar has announced to introduce the mini-budget on January 23, the government has yet to develop consensus...

Dollar rises to 128.75 as Rupee devaluation persists

KARACHI: The devaluation of the local currency against the US dollar continued in the interbank market on Tuesday as the greenback soared...

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...

Govt releases over Rs22bn under PSDP

ISLAMABAD: The government has so far released over Rs22.784 billion under its Public Sector Development Programme (PSDP) 2018-19 for various ongoing and...