Pakistani officials leave for China to finalise relief package

ISLAMABAD: A high-level delegation from Pakistan left for China to finalise a potential relief package to inject in the country, sources said on...

Special Secretary Noor Ahmed transferred from Finance Division

Finance Division Special Secretary Noor Ahmed has been transferred to the Economic Affairs Division, it was learnt on Wednesday. According to a notification...

CAA procures radars worth Rs1.1bn without ECNEC’s approval

ISLAMABAD: The Civil Aviation Authority has procured four radars worth Rs1.1 billion without the approval of the Executive Committee of the National Economic...

Mission accomplished in China, FM Qureshi tells Senate

ISLAMABAD: Addressing the upper house of the parliament on motions moved by Senator Leader of Opposition Raja Muhamad Zafarul Haque, Foreign Minister Shah...

Pakistan gets a confidence boost but IMF bailout still on the cards

ISLAMABAD: The finance minister’s bullish comments declaring the end of an economic crisis have bolstered confidence ahead of crunch talks with the International...

ECC approves releasing one-month salary of PSM employees

ISLAMABAD: The Economic Coordination Committee (ECC) on Wednesday approved the release of one-month salary of Pakistan Steel Mills’ (PSM) employees. Finance Minister Asad...

Banking sector in shambles over a plausible cyber-attack

MCB, ABL, other major banks reassure customers’ safety, SBP certifies only Bank Islami was affected

25 brokerage houses served notices over non-compliance of AML laws

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has issued show cause notices to 25 brokerage houses over non-compliance of anti-money laundering (AML)...

SECP incorporated 1,395 new companies in October  

ISLAMABAD: In October, the Securities and Exchange Commission of Pakistan (SECP) registered 1,395 new companies, indicating a growth of 63 per cent as...

KSA soon to sign MoU for oil refinery in Gwadar

ISLAMABAD: The Saudi energy minister will soon visit Pakistan to sign a memorandum of understanding (MoU) to establish an oil refinery in Pakistan,...

Masses to face acute gas shortage again

ISLAMABAD: The country is likely to experience the worst shortage of gas this winter, particularly in December, January and February, as the gap...

Govt releases Rs1.043bn for CPEC projects

ISLAMABAD: The government has released Rs1.043 billion for the China Pakistan Economic Corridor (CPEC) projects under its Public Sector Development Programme (PSDP) 2018-19. According...

FBR asked to submit details of its employees working in tobacco industry

Senator Dilawar Khan says multinational companies are providing cash rewards and luxury vehicles to FBR officials  ISLAMABAD: The Senate’s Special Committee on Causes...

‘PM’s China visit opens up new vistas of economic cooperation’

MoF says discussions were held on immediate market access for Pakistan’s exports as well as balance of payments support ISLAMABAD: Prime Minister Imran...

Abraaj fund investors hire Duff & Phelps to help recover money: sources

The advisory firm will seek to trace an estimated $33 million owed by Abraaj relating to the Infrastructure and Growth Capital Fund