Financing agreements worth $400mn signed with World Bank
ISLAMABAD: Economic Affairs Division here on Tuesday signed two financing agreements worth $400 million with the World Bank Group. These include Punjab Cities Programme ($200...
China extended $4.4 billion loans to Pakistan during first ten months of FY18
Budget makers had determined loans in the range of $8.09 billion for the current financial year 2017-18 but it surpassed that target by touching $9.6 billion in the first 10 months (July-April) 2017-18
Upward shift in interest rates to take toll on several sectors of economy: FPCCI
ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Ghazanfar Bilour while commenting on the recently announced monetary policy said...
Market Daily: KSE 100 almost flat as caretaker PM announced
The government and opposition parties have finally agreed upon nomination for the caretaker prime minister as the current tenure of the government is due to end on May 31, 2018.
Monetary policy reveals major economic challenges, says ICST
ISLAMABAD: The Islamabad Chamber of Small Traders (ICST) on Sunday said the recently announced tight monetary policy will provide some breathing space...
APBF opposes tight monetary policy, suggests improved governance
Ibrahim Qureshi suggested the government to observe restraint while getting loans from commercial banks and improve governance to ensure 5.4 per cent growth target which has yet to be achieved.
SECP chairman’s appointment challenged in LHC
KARACHI: A petition has been filed in the Lahore High Court (LHC) against the appointment of Shaukat Hussain as chairman Securities and...
SBP injects Rs200 billion into money market
The rate of return accepted is 6.05 per cent per annum, said an SBP press release.
FBR raises RD to promote import substitution
KARACHI: The Federal Board of Revenue (FBR) has issued a new SRO named as “S.R.O. 640 (I)/2018”, where the Regulatory Duty (RD) on...
Abraaj took out $200 million from buyout fund to finance its own business: Report
U.S private equity firm TPG is in negotiations with investors in Abraaj’s healthcare fund to overtake management of the assets of the $1 billion fund
IMF to incorporate Islamic finance to market surveillance in 2019
Islamic finance, which bans interest payments and pure monetary speculation, is estimated to have over $2 trillion of assets globally and is offered in over 60 countries, according to the IMF
FBR enhances FED for locally produced cigarettes
ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday issued a notification of the enhancement in the rates of locally produced cigarettes.
The notification available with...
Foreign reserves dip down to $16.652 billion
The total liquid foreign reserves held by the country stand at $16,652.2 million as of May 18, 2018.
CDWP approves 24 projects worth Rs19.6bn, refers 12 to ECNEC
ISLAMABAD: The Central Development Working Party (CDWP) has approved 24 projects worth Rs19.6 billion out of which 12 projects worth Rs781.39 billion...
SBP to announce fiscal policy for two months on Friday
ISLAMABAD: The State Bank of Pakistan (SBP) will announce the fiscal policy for next two months on Friday.
As per a statement issued...