Widening twin deficits overshadow performance of real economy: SBP
KARACHI: Real Gross Domestic Product (GDP) maintained its upward trajectory, exhibiting a 13-year high growth of 5.8 per cent in FY18. Benign...
Rs577b foreign assets, Rs1,192b domestic assets filed under amnesty scheme: Finance ministry
Unprecedented response witnessed to the Amnesty Scheme, claims ministry
Car sales up by 21pc in July-June 2017-18
KARACHI: Total car sales have gone up by 21 per cent in the last fiscal year with 216,786 units sold as compared...
Pakistan’s debt-to-GDP ratio projected at alarming 74pc, expected to increase further by year end
ISLAMABAD: With an alarming projection, caretaker Finance Minister Dr Shamshad Akhtar painted a worrying economic picture and said that the total public...
China’s Xi pledges $20 billion in loans to revive Middle East
The loans will fund a plan of “economic reconstruction” and “industrial revival” that would include cooperation on oil and gas, nuclear and clean energy, Xi said
Finance minister chairs meeting on measures against currency smuggling
ISLAMABAD: Finance Minister, Dr Shamshad Akhtar here Tuesday chaired a meeting to discuss measures against cross-border illegal transportation /smuggling of currency.
The minister at the outset...
Market Daily: KSE-100 index turns green, adding 164 points
The KSE-100 index resurrected from a negative 727.17 points, just 2.31 per cent away from 52-week low levels, up to intraday high of a positive 281.31 points. It ended the session higher by 164.33 points at 39,452.81.
Overseas Pakistanis remit $19.622bn, an increase by 1.4pc from last year
KARACHI: The State Bank of Pakistan (SBP) received the workers’ remittances of $19.622 billion in the last fiscal year (2017-18), up by...
FBR revenue shortfall surges to Rs184 billion
ISLAMABAD: Despite taking an advance worth of around Rs400 billion from the business community as well as from banks, the tax department could...
Planning commission, UNDP commit to streamlining data collection, reporting
ISLAMABAD: Minister for Planning, Development, and Reform (PD&R) Dr Shamshad Akhtar, formally launched the website and the Data Reporting Gaps Study, while...
APTMA laments duty on cotton imports, urges govt to help increase exports
KARACHI: The All Pakistan Textile Mills Association (APTMA) Senior Vice Chairman, Zahid Mazhar, while commenting on the issuance of SRO 847(I)/2018 dated...
Analysts blame political uncertainty, investigation against bank heads for market crash
The KSE-100 index was down by 995.66 points on Monday, July 9 as uncertainty prevailed in the market as heads of three banks face investigation in the Supreme Court (SC) coupled with the general political unrest post-SC’s Friday's verdict sentencing the former prime minister Nawaz Sharif.
Thorough plan underway to take Pakistan out of FATF grey list
ISLAMABAD: The government of Pakistan has prepared a comprehensive plan to exclude the country from the grey list of the Financial Action Task...
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
China to keep on path of reform, opening markets: Li
China will open its door wider to foreign products as free trade needs to be firmly upheld to ensure sustained global economic growth, Li told a summit of eastern European leaders in Sofia