Pakistan failed to sign any FTA’s in the last 5 years
ISLAMABAD: Although the government of Pakistan Muslim League Nawaz (PML-N) started the negotiations on various trade agreements including the Free Trade Agreement...
Creditor starts legal proceedings for Abraaj restructuring
Auctus is the second creditor, after Kuwait’s Public Institution for Social Security (PIFSS), to start legal action in the Cayman Islands, where Abraaj Holdings is registered
Market Daily: Steepest fall after 20 sessions; market sheds 700 points
LAHORE: Indices at Pakistan Stock Exchange (PSX) posted the steepest fall on Tuesday since May 14, 2018, as Monday’s 4 per cent rupee devaluation...
Rupee devaluation not a surprise, further devaluation expected
LAHORE: The State Bank’s move to devalue the rupee by 3.6 per cent on Monday did not surprise experts; however, they suspect deficit risk...
Auto sales up 21pc for July-May 2017-18
KARACHI: Total car sales have gone up by 21 per cent in the last eleven months of the current fiscal year with 201,134 units.
According...
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...
US dollar touches Rs122 in interbank, closes at Rs121.50
KARACHI:  The dollar continued its upward trend in the interbank market on Tuesday closing at Rs121.50 against a dollar.
“The dollar touched Rs122 in the interbank...
Islamic banking’s assets grew 2.8pc in Q12018
ISLAMABAD: Assets of the Islamic banking industry increased by 2.8 per cent during the quarter from January to March 2018 and were...
Overseas Pakistanis remit $18bn in 11 months
KARACHI: Overseas Pakistani workers remitted $18.028 billion in the first eleven months (July to May) of the fiscal year 2017-18; showing a...
Pakistan uses up Chinese trade financing facility to repay debt
In the current fiscal year 2017-18, China has given about 40 per cent of total foreign loans.
PSDP update: Rs15,520mn released for petroleum, natural resources division
ISLAMABAD:Â The government has released around Rs15,520.056 million for the Petroleum and Natural Resources Division under the Public Sector Development Programme (PSDP 2017-18)...
PML-N led govt failed to stabilise economy, says FPCCI
Former govt borrowed $44 billion yet it had no positive impact on the economy and now the country at the brink of bankruptcyÂ
No decision yet to go for IMF bailout package, says MoF
Finance Ministry on Thursday clarified that the government had not yet taken any decision to go to the International Monetary Fund (IMF) for any bailout package.
Gilgit-Baltistan presents Rs63.856 billion budget
Opposition rejects budget, protests against GB Order 2018
Oil and gas reserves to end after 10 years, reveals petroleum division
ISLAMABAD: Senate Standing Committee on Petroleum was informed on Thursday that the country’s existing oil reserves will see an end only after 10 years...