Sri Lanka parliament approves domestic debt restructuring plan
Sri Lanka's parliament approved a domestic debt restructuring plan on Saturday that is crucial to continue a $2.9 billion bailout from the International Monetary...
WB chief says more trade will ease pandemic’s economic impact
WASHINGTON: World Bank President David Malpass said on Friday that countries need to allow more trade in order to recover from the economic downturn...
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...
Short-term public debt increased 44.2pc by end of FY 2016-17
Islamabad: A local newspaper reported a massive surge in short-term public debt share in total domestic debt to Rs6.6b or 44.2pc by end of...
China’s Tencent profit surges 89pc as it rides gaming boom
HONG KONG: Chinese gaming and social media giant Tencent Holdings Ltd reported an 89pc rise in quarterly profit on Thursday, with its blockbuster game...
Hafeez Shaikh stresses need for fiscal discipline
PM's adviser says it is not his intention to scare anyone but to paint a realistic picture that can give the people an understanding...
Forex Update: Pakistan’s foreign reserves stand at $16.713bn
KARACHI: According to the State Bank of Pakistan (SBP), the total liquid foreign reserves of the country stand at $16.713 billion.
According to an SBP’s...
PM witnesses signing ceremony of MoU between PSX and COPHS
KARACHI:Â Prime Minister Shahid Khaqan Abbasi along with other high ranking Chinese and Pakistani government officials witnessed signing ceremony of a Memorandum of Understanding (MoU)...
Foreign investment on the rise, says Ali Muhammad Khan
ISLAMABAD: Minister of State for Parliamentary Affairs Ali Muhammad Khan on Saturday said that foreign investment in the country is on the rise adding that...
China promises to open its financial sector to foreign investment by end-2018
BOAO: China laid out a clearer timetable on Wednesday for opening its financial sector to more foreign investment by the end of 2018, as...
FBR finds about 10,000 people involved in tax evasion, money laundering
ISLAMABAD: The Federal Board of Revenue (FBR) has found about 10,000 people allegedly involved in tax evasion and money laundering.
The bureau is also checking...
Market Daily: KSE-100 drops 121.28 points
LAHORE:Â Bears were in control of the Pakistan Stock Exchange (PSX) for the fourth consecutive session while the Finance Minister briefed the Prime Minister about...
IMF approves $1.4bn in coronavirus aid to Pakistan
ISLAMABAD: The Executive Board of the International Monetary Fund (IMF) has approved the disbursement of $1.386 billion under the Rapid Financing Instrument (RFI) to...
Int’l community’s financial support against COVID-19 crisis lauded
ISLAMABAD: Minister for Economic Affairs, Makhdum Khusro Bakhtyar has appreciated the continued support received from the international community including development partners to provide emergency...
Pak-Qatar Takaful Group posts net profit of Rs133mn
KARACHI: Pak-Qatar Takaful Group has registered an immense growth during the preceding year with an aggregate turnover of around Rs9 billion. The group posted...
