Rupee likely to fall below 125 to dollar after Eid
The rupee’s approximately 4 per cent drop against the dollar last week, from 115.63 on Monday to 121.39 by the close on Thursday, once again rattled the currency market amid renewed fears of inflation and a Balance of Payments (BoP) crisis.
NAB sends notices to defaulting buyers in privatisation of 14 companies
ISLAMABAD: Privatisation Commission (PC) has informed that National Accountability Bureau (NAB) has issued final notices to defaulting buyers of various organisations under...
More and more borrowers benefitting from relief package: SBP
The State Bank of Pakistan has said that more and more borrowers are benefiting from its relief package to extend loan principal...
Engro Fertilizers’ profit increases 11.4pc to Rs18.56bn
LAHORE: The Board of Directors of Engro Fertilizers Limited (EFERT) met on Monday to review the company's performance and announce its financial results...
SBP unveils procedures for investment in amnesty bonds as scheme lags behind target
ISLAMABAD: The outgoing government's dream to collect three to four billion dollars through the amnesty scheme seems to have shattered as only...
Blame ‘superstar’ tech firms for slow wage growth, says OECD
PARIS: Fast-growing “superstar” tech firms are taking a growing share of national income in many countries, leaving workers’ overall wage growth subdued, the...
Current Account deficit widens by 48pc
KARACHI: The current account deficit in the first seven months of 2017-18 amounted to $ 9.1 billion, up 48.1 per cent from...
ECC to take up circular debt, impact on power sector in first meeting
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet will take up the matter of circular debt and its impact on the...
Faysal Bank planning 200 new branches in Pakistan
As banks around the world shut branches and lay off tellers, Pakistan’s Faysal Bank is headed in the opposite direction in the...
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...
PTI govt foregoes Rs125b to textile, fertilizer, power industries
---Previous govt had missed its actual GIDC collection target by an average 56pc
ISLAMABAD: The incumbent government has forgone approximately Rs125 billion to...
More companies to be added to PSX
RAWALPINDI: Chief Executive Officer (CEO) Pakistan Stock Exchange (PSX), Richard Morin said that after the integration of Karachi, Lahore, and Islamabad into a...
Govt borrowed $1.5 billion from China from July to April
ISLAMABAD: The government has borrowed $1.5 billion from China in the first ten months of current fiscal year 2018-19.
Documents show that China...
Pak-Afghan trade tumbles from $2.7bn to $1.2bn in 18 months
By HAMID KHAN WAZIR
ISLAMABAD: Owing to the fast-deteriorating relations between Pakistan and Afghanistan, bilateral trade between the two countries has witnessed a...
Sale of refrigerators, deep freezers up by 15 to 20pc
KARACHI: The sale of Refrigerators and Deep Freezers have gone up by approximately 15-20 per cent on the eve of this Eidul...