Improving economy, living standards main mission for govt: Asad Umar
ISLAMABAD: The nominated Finance Minister Asad Umer has said that improving the living standards of people and the economy is the main...
New government likely to bring structural reforms in FBR
FBR, as per reforms may be separated into two separate bodiesÂ
Power division set to use furnace oil instead of RLNG to generate power
ISLAMABAD: Power Division is all set to increase the use of furnace oil for power generation. As a result, power prices will...
Digital banking moving nation towards paperless economy
ISLAMABAD: The emerging trends of digital transactions offered by various banks vitally contribute towards a more efficient - paperless economy.
Cashless transactions are...
Rapid depletion in reserves, unsustainable fiscal deficit hurting economy
ISLAMABAD: The economy is facing a major economic challenge with rapid depletion of foreign reserves and unsustainable fiscal deficit denying the country...
Govt of Sindh to initiate Doing Business Reforms across major departments
KARACHI: The Government of Sindh is implementing the Doing Business (DB) Reforms across different departments, said Sindh Board of Investment (SBI) Chairperson,...
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...
FDI drops by 45pc in July
ISLAMABAD: Foreign Direct Investments (FDI) coming into the country during the month of July 2018 has fallen down to $188 million, down...
PGPC refuses to clear duty while Customs decides to initiate proceedings: sources
ISLAMABAD: A new controversy has emerged as Pakistan Gas Port Consortium (PGPC) has so far refused to pay customs duty and withholding...
SECP to support foreign companies in expanding investment portfolios in Pakistan
ISLAMABAD:Â The economic growth of the country is dependent on the inflows of foreign capital from the international corporate sector and the Securities...
Bank of Punjab poses 61pc robust rise in half-yearly profits
LAHORE: A meeting of the Board of Directors of The Bank of Punjab (BOP) was held on
17 August 2018 to consider and...
Weekly inflation falls by 0.41 per cent
ISLAMABAD: Weekly inflation measured by the Sensitivity Price Indicator (SPI) for the week ended August 16, 2018 registered a 0.41 per cent...
Why Chinese banks are turning wary of Pakistan loans
Chinese banks have increased their commitment to Pakistani sovereign loans in recent years and policy lenders China Development Bank and the Export-Import Bank of China (Chexim) are playing a leading role in financing CPEC's construction of ports, power stations and transport links.
Tussle intensifies between PIA management, finance department
LAHORE: Pakistan International Airlines (PIA) management and its finance department seem to be at loggerheads in the aftermath of a letter written...
Sindh, Summit bank’s chiefs hope for complete merger before September
On the intervention of the Supreme Court of Pakistan, the share ratio for the merger has been fixed at 8.37 Summit Bank shares for one share of Sindh Bank