Top leadership in conundrum over IMF bailout
Also, sources revealed the country’s external financing requirement would range from $25 to $27 billion for FY19 and they couldn’t be met alone with the assistance of China
Fitch Ratings appreciates steps taken to ease pressure on external account situation
In a brief analysis report, the agency has highlighted issues pertaining to foreign exchange and the current account deficit as factors likely to adversely impact the external account.
Exports of engineering goods up by 20.19pc
ISLAMABAD: Exports of engineering goods during 11 months of the financial year closed on June 30, 2018, registering about 20.19 per cent...
Economists divided over Nawaz’s verdict
On Friday an accountability court had announced the verdict in the Avenfield properties corruption reference filed by NAB, handing ousted prime minister Nawaz Sharif 11 years as jail time, Maryam Nawaz with 8 years and Captain Safdar with 1 year in jail.
OGDCL awards $2m worth pre-qualification contracts to offshore company
ISLAMABAD: Though the National Accountability Bureau (NAB) is in full swing against offshore companies, an offshore company has been found attempting to...
Market Daily: PSX turns green over Nawaz’s political demise
The KSE 100 touched intraday low of 40,028.64 nearly within half hour of opening. The index swayed in both directions and ended higher by 45.33 points at 40,435.97.
Punjab government in midst of severe cash flow crisis
In accordance with directives of the interim Punjab chief minister, Rizvi sent a letter to the federal finance minister asking for disbursement of the withheld share of the province, which was also highlighted during a meeting in Islamabad
Pakistan’s liquid foreign reserves increase due to inflows
KARACHI: The State Bank of Pakistan (SBP) on Thursday said the total liquid foreign reserves held by the country stood at $16,385.7...
Pakistan for balancing trade deficit with Qatar
Due to LNG imports, trade deficit of Pakistan with Qatar has increased to $1.6 billion
773 new companies registered in June: SECP
ISLAMABAD: In June, the Securities and Exchange Commission of Pakistan (SECP) registered 773 new companies. As compared to the corresponding month of the last...
No requirement to be a tax filer for vehicles below 1000cc: Tax authorities
ISLAMABAD: While the Federal Board of Revenue (FBR) has imposed the conditions for filers for the purchase of new/imported vehicles from July...
Bureaucracy in Finance ministry behind decision to increase petroleum prices
ISLAMABAD: The bureaucracy sitting at the Finance Ministry and the Federal Board of Revenue (FBR) compelled the caretaker Prime Minister to increase the...
Market Daily: PSX falls another 107 points totaling 1760 since last five sessions
LAHORE: Pakistan equity markets extended the bearish trend wherein the index fell by 107 points, stretching the decline in the index to...
Customs in a jumble as stolen vehicles from Japan worth Rs200m await final decision
ISLAMABAD: The Collectorate of Customs Lahore is all set to manage Rs200 million worth scandal of 14 luxury V8 Land Cruisers and...
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...