FATF ‘grey list’ poses credit risks to Pakistani banks: Moody’s
KARACHI: Pakistan’s banking system faces credit risk from the country’s continued inclusion on the Financial Action Task Force’s (FATF) ‘grey list’ of nations,...
Pakistan fails to get any firm US commitment on trade ties
ISLAMABAD: Secretary Commerce of the United States of America Wilbur Ross avoided making any firm commitment to Pakistan during his visit to...
Power tariff reduced for textile sector
LAHORE: The federal government has agreed to provide electricity to the textile and other zero-rated industries at the rate of 7.5 cents/kWh...
FIA files case against 4 National Savings employees for embezzling funds
ISLAMABAD:Â The Federal Investigation Agency (FIA) has filed a case against officers and security guard of the National Savings for embezzling funds worth...
SBP raises Rs388bn from T-bill auction
KARACHI:Â The State Bank of Pakistan (SBP) has reported that the government raised Rs388 billion through T-bills, exceeding the target set of Rs300...
US seeks to boost trade with Pakistan, says top official
Commerce Secretary Wilbur Ross apprised of Pakistan’s economic reforms, investment opportunities, FATF compliance
Trains between Quetta, Taftan suspended as coronavirus claims 15 lives in IranÂ
Amid reports of 15 deaths due to deadly coronavirus in Iran, the Pakistan Railways on Wednesday suspended the operation of trains between...
Govt mulling to reduce power tariff for industrial sector
ISLAMABAD: Federal Minister for Planning and Development Asad Umar has said Prime Minister Imran Khan wants to provide maximum relief to the...
Coronavirus forces Pakistani importers to look new destinations for raw material
KARACHI: Pakistani businessmen are reluctant to place new import orders from China due to the deadly coronavirus outbreak there, a local newspaper...
Rs385m fraud surfaces in NBP’s Abbottabad branches
ISLAMABAD: The cashiers of National Bank of Pakistan’s (NBP) Khanaspur, Ayubia, and Khaira Gali branches were involved in a fraud of Rs385...
State Life Insurance Corp headless for two months, NA body told
ISLAMABAD: A parliamentary committee on Tuesday was surprised to know that an important national organisation, State Life Insurance Corporation (SLIC), was headless...
China keen to upgrade Pakistan’s agri infrastructure: envoy
ISLAMABAD:Â Ambassador of China to Pakistan Yao Jing on Tuesday stressed the need to materialise the understanding between Chinese Academy of Agriculture Sciences...
Govt committed to timely privatisation of SME Bank, Pak Reinsurance
ISLAMABAD:Â Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh on Tuesday chaired a meeting of the Cabinet Committee on...
MFPCB meeting convened to mull cut in interest rate by 50 basis points
ISLAMABAD: In the wake of growing criticism, the Prime Minister Imran Khan-led government of the Pakistan Tehreek-e-Insaf (PTI) government has called a...
Lack of progress: WB postpones two budgetary support loans for Pakistan
ISLAMABAD: In a major blow to the Pakistan Tehreek-e-Insaf (PTI) government's efforts to secure budgetary support loans, the World Bank has reportedly...