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...
China helping Pakistan avert foreign currency crisis
Pakistan obtained $1.5 billion from China during the first ten months of the current financial year 2018-19
Govt borrowed $1.5 billion from China from July to April
ISLAMABAD: The government has borrowed $1.5 billion from China in the first ten months of current fiscal year 2018-19.
Documents show that China...
FBR unhappy with tax incentives, may take up issue with next government
ISLAMABAD: The Federal Board of Revenue (FBR), which is unhappy over the tax incentives announced by the government in its recently announced...
Bitcoin struggles to hold prices above $8,000
The price of Bitcoin fell to as little as $7,931.43 on Friday on the CoinDesk Bitcoin Price Index (BPI).
New export package on the cards
The outgoing government in a bid to please the business community before the general elections is planning to announce another export package ranging from R30 billion to Rs42 billion.