Pakistan for balancing trade deficit with Qatar

Due to LNG imports, trade deficit of Pakistan with Qatar has increased to $1.6 billion

CPEC ushers Pakistan into new industrialization phase: China Daily

BEIJING: Pakistan, under China-Pakistan Economic Corridor (CPEC), has entered the industrialization phase and with renewed conviction, the country can rely on the successful experience...

Revision in foreign currency account law could rein in demand of dollar in kerb market

KARACHI: The promulgation of a revised Protection of Economic Reforms Act (PERA) 1992 earlier this week has been appreciated by experts, which stipulates the...

Senate committee expresses concerns over non-availability of agri-credit

ISLAMABAD Senate’s Standing Committee on National Food Security and Research here on Wednesday expressed its concerns over the non-availability of credit for the agriculture sector...

Market Daily: KSE-100 gains 171.93 pts amid low volumes

LAHORE: The Pakistan Stock Exchange (PSX), after starting the trading session leaped up in the afternoon.  Indices swayed in both directions until they finally...

How tech brands are digitally hammering global FMCG giants

According to a Foreign Policy report, the cash that Apple has on-hand exceeds the GDPs of two-thirds of the world’s countries

JD.com’s finance affiliate raises $2 billion, more than doubles valuation

JD Finance will reach a valuation of 133 billion yuan ($19.8 billion) after the closing of the fundraising, it said in a statement

IMC annual sales increase by 25pc with 64,000 units sold in FY2018

LAHORE: The Indus Motor Company (IMC) held its analyst briefing today to discuss its financial year 2018 result, key challenges, and outlook of the business. Gross...

Budget 2018-19: KCCI members appreciate business friendly, ‘political’ budget

KARACHI: The federal government of Pakistan, through its State Minister and Advisor to the Prime Minister on Finance, Miftah Ismail presented its 6th budget in the...

PSX recovers losses to close in green

KARACHI: Investors of the Pakistan Stock Exchange (PSX) endured a volatile session on the first trading day of the week, as indices that declined by...

World stocks subdued, dollar firm as US job’s bounce fades

LONDON: World stocks remained near two-month highs on Monday with the dollar and oil chalking up gains, though some European bourses struggled as momentum...

$1bn Chinese investment in social sector expected to be announced

ISLAMABAD: A team of Chinese experts is scheduled to visit Pakistan this week which is expected to announce and investment of over $1 billion in...

Government to sell PIA’s minority share of 49pc by April 15

ISLAMABAD: While the opposition parties are concerned about the mode of government in privatisation of Pakistan International Airline (PIA) just ahead of few months...

CAA deposits Rs5 bn in Ali Jahangir Siddiqui’s JS Bank, violating Finance Division’s rules

ISLAMABAD: In a surprising development, it has reliably been learnt that the Civil Aviation Authority (CAA) has deposited Rs5 billion of funds, which belonged to...

Remittances into Pakistan stagnant throughout 2017, says World Bank

LAHORE: Remittances into Pakistan remained almost flat for 2017, fueled by notable decreases in inflows from Saudi Arabia (the biggest remittance source) by end of...

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Pakistan to export cigarettes worth $50m for the first time

ISLAMABAD: Although Pakistan has been exporting tobacco and tobacco products to various countries, now for the first time, the country is going to export...

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China needs to change way it finances economy, think tank says

HANGZHOU: China needs to develop a better system for financing small businesses that drive innovation in the economy but currently struggle to access the...