Gwadar port development project progressing well: NDRC spokesperson
BEIJING: China is a major investor in Gwadar and has so far spent $248 million in the first phase of the development of Gwadar...
Tight monetary policy will reduce inflation: SBP governor Â
KARACHI: State Bank of Pakistan (SBP) Governor Reza Baqir has said that the current tight monetary policy stance is appropriate to help ease crippling...
Trump taps fierce World Bank critic to take its helm
WASHINGTON:Â President Donald Trump on Wednesday tapped a well-known World Bank critic to lead one of the world's primary development lending institutions.
David Malpass, a senior...
World Bank calls for longer-term debt relief for poorest countries
WASHINGTON: World Bank Group President David Malpass on Thursday called for longer-term debt relief for the world’s 77 poorest countries, and said many would...
PBA encourages banks to finance housing sector despite ‘unresolved issues’
KARACHI: Pakistan Banks Association (PBA), a business lobbying group, has given its support for housing and construction finance by banks, according to a statement...
Half-Year Results:Â MCB Bank posts 14pc growth in profit before tax
The bank maintains industry's highest quarterly payout of Rs4 per share
The Board of Directors of MCB Bank Limited met under the chairmanship...
PSX gains 501 points amid bullish trading
Cement sector manages to add 4.58pc in its cumulative market capitalisation
KARACHI:Â Bullish sentiments prevailed at the Pakistan Stock Exchange (PSX) on the first trading...
KSE-100 falls flat amid volatility
KARACHI:Â Bulls of the Pakistan Stock Exchange (PSX) failed to sustain their control on Thursday, as the indices took a U-turn in the late hours...
Indian rupee touches record low as Asia markets tumble
HONG KONG: Emerging market currencies sank in Asia on Friday, with the Indian rupee at a record low as dealers fear contagion from financial...
Caretaker government to avoid new IMF bailout
ISLAMABAD: While giving the clear picture of Pakistan’ economy, the Minister for Finance Shamshad Akhtar has said that Pakistan is running above the targets on...
Federal Cabinet restores EDB after dissolution
The cabinet of the previous government, following the recommendations of the Cabinet Committee on Energy (CCoE), had decided to dissolve the EDB over rampant corruption
NAB asks FBR for assistance in investigation against declining revenues from tobacco sector
ISLAMABAD: The National Accountability Bureau (NAB) has asked the Federal Board of Revenue (FBR) to appoint a focal person for assistance in an on-going...
Experts believe Dollar may further weaken against Rupee
KARACHI: A crackdown on illegal money exchanges during the last few months and a smooth supply to the Exchange Companies from the banking sector...
SBP governor Tariq Bajwa, FBR chief Jahanzeb Khan shown the door
In a late night move, the federal government on Friday removed State Bank of Pakistan (SBP) Governor Tariq Bajwa and Federal Board of Revenue...
Overseas Pakistanis remit $1.93bn in July
KARACHI: Overseas Pakistani workers remitted $1.929 billion in the first month (July) of 2018-19 as compared with $1.541 billion received during the same period...
