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

PTI govt lingering behind in meeting some goals: Report

The cabinet was apprised that a national job creation strategy would have to be devised and announced by November 15th, 2018

Pakistan in talks with China for relief package: Asad Umar

Finance Minister Asad Umar has confirmed that the government was currently in talks with China for a possible financial deal, which would...

SECP initiates legal proceedings against two fraudulent companies

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has initiated legal proceedings against Gold Transmit Network Technology (Pvt) Limited and Green Apple...

Govt formulates ‘national standards’ for manufacturing of tractors

Farmers had repeatedly complained about quality of locally-manufactured tractors ISLAMABAD: The government for the first time has formulated 'national standards' for all tractors...