Import of edible oil reduces by 70pc in three months
ISLAMABAD: The imports of edible oil, soybean and palm, into the country reduced by 70.47 per cent and 4.82 per cent during the first...
‘Development of SEZs govt’s top priority’
Planning minister asks Chinese developer to ensure a level playing field for local as well as foreign investors at Rashakai SEZ
ISLAMABAD:Â The present...
Banks asked to facilitate credit card holders
The State Bank of Pakistan on Monday issued a circular regarding ‘Operational Guidelines for Credit Card Business in Pakistan’.
The central bank observed...
Current account deficit contracts 2.6pc in three months
The current account deficit, which is one of Pakistan’s biggest economic challenges, has contracted by 2.6 per cent YoY to $3.7 billion,...
Finance ministry clears the air surrounding FATF
ISLAMABAD: Referring to a news report on issues regarding Pakistan’s Financial Action Task Force (FATF) and its Asia Pacific Group (APG), the Ministry...
NHA to build Gilgit-Shandoor road to provide alternate route to CPEC
ISLAMABAD:Â The National Highway Authority (NHA) has planned to build a 216-kilometre Gilgit-Shandoor road to provide an alternate route to China Pakistan Economic...
Senate panel to discuss impact of rupee devaluation on economy
ISLAMABAD: The State Bank of Pakistan (SBP) will brief the Senate’s Standing Committee on Finance and Revenue tomorrow (Tuesday) regarding the recent devaluation...
PR establishes task force on freight
ISLAMABAD:Â Pakistan Railways has established a task force on freight trains to improve its business on the directives of Railways Minister Sheikh Rasheed...
Private sector urged to promote export industry
President stresses the need to enhance the scope of local manufacturing, especially in the automobile industry
ISLAMABAD:Â President Dr Arif Alvi on Monday called...
PM against power tariff hike, orders alternative solutions
PM Khan against burdening masses with increase in power tariff, orders alternative solutions
Asks officials to work on tariff rationalisation, curtailing...
KCCI vows to address traders’ plight
KARACHI:Â Karachi Chamber of Commerce and Industry (KCCI) President Junaid Esmail Makda has assured the members of All Pakistan Motorcycles Spare Parts Importers...
Agri development under CPEC to reduce trade deficit with China: report
ISLAMABAD:Â The recent inclusion of agriculture sector in the long-term plan of China Pakistan Economic Corridor (CPEC) provides Pakistan with an opportunity to...
ECC again defers power tariff hike
The Economic Coordination Committee (ECC) meeting, chaired by Finance Minister Asad Umar, has again deferred the decision to increase the power tariff.
During...
Pakistan ‘gifts’ 15,000 livestock animals to Gulf countries despite ban
'Influentials sitting in important ministries and those belonging to foreign missions were involved in the export after taking permission from former PM...
ECC likely to increase electricity tariff by Rs3.81 per unit
Consumers will have to bear an additional burden of about Rs406 billion
ISLAMABAD:Â The Economic Coordination Committee (ECC) has decided to go ahead...