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.
ICCI concerned over 50 percent rise in external debt
Pakistan's external debt and liabilities have soared to a record level of $91.8 billion as per SBP’s latest report showing an increase of over 50 per cent.
PIAF welcomes decision to disburse Rs100b refunds to exports industry
LAHORE: Pakistan Industrial and Traders Associations Front (PIAF) has appreciated the decision of the government to disburse up to Rs100 billion towards...
NA passes Finance Bill 2018-19
The National Assembly on Friday passed the Finance Bill 2018-19, giving the go-ahead to the budgetary proposals for the upcoming fiscal year.
Current account gap widens by 50 per cent
The current account deficit in the first 10 months of 2017-18 amounted to $14 billion, up 50 per cent from a year ago.
Emerging markets not as lucrative for investors as before
Investors are punishing markets where policymakers have not done enough to stem deteriorating current-account balances, ballooning inflation and a run on their currencies.
Gwadar port development project progressing well: NDRC spokesperson
BEIJING: China is a major investor in Gwadar and has so far spent $248 million in the first phase of the development...
ADB for stronger public-private partnerships in Pakistan
ADB is already providing a total of $200 million in loans for projects supporting PPPs in Punjab and Sindh.
Audit team unlikely to submit report on tobacco MNCs before PAC on 23 May
ISLAMABAD: The Auditor General of Pakistan (AGP) is not likely to conclude the special audit of international tobacco companies operating in the...
Breaking the legacy mindset of large commercial banks
While up-and-coming players tap into new segments like mobile wallets, big players seem content with their decades-old business model that revolves around taking deposits and investing in risk-free securities.
MoF adopts 42 budget recommendations, sends 108 proposals to planning
The government has adopted 42 recommendations of the Senate in the budget fully or partially, meanwhile 108 suggestions mostly related to the development sector, have been forwarded to Ministry of Planning and Development for incorporation.