Dollar broadly lower after Trump remarks
The greenback slipped after Trump said in an interview on Monday that he was “not thrilled” with Powell’s raising of interest rates
China draws up new guidelines on identifying “hidden” local debt: Report
The new policy document calls on local governments to find out how much off-budget debt has been accumulated over the last three years and to draw up risk control plans
Pakistan risks failure of signing trade accord with EEU: Report
Officials believe the absence of diplomatic ties with Armenia could inhibit the finalization of the trade deal with EEU
LSMI growth jumped 5.38 percent in FY18
The highest growth of 13.24 percent was witnessed in the indices monitored by Oil Companies Advisory Committee (OCAC) followed by 5.04 percent growth in the products monitored by Ministry of Industries and 1.17 percent growth in Provincial Bureaus of Statistics (PBOS)
CPEC to boost economic activities, create two million jobs till 2030
Currently, most of the CPEC projects are categorized as infrastructure development. It will require civil engineers, mechanical, electrical and other related disciplines of engineering
Total water storage in reservoirs face 30 percent shortfall, as Tarbela hits maximum level
Pakistan’s main water reservoirs have gained 65.60 percent of the combined live storage of 13.681 MAF, of which 34.40 percent capacity requires to be filled
Trump not expecting any breakthrough in US-China trade talks
Trump said in an interview that he had “no time frame” for ending the trade dispute with China, which threatens to impose tariffs on virtually all goods traded between the world’s two largest economies
Caretaker govt projects Pakistan to pay $9.3 billion in external debt servicing
The external debt servicing obligation payment projection for FY19 is a touch less than the foreign currency reserves held by the State Bank of Pakistan (SBP)
PTI govt faces daunting challenge to meet its Rs8 billion tax collection target
The slashed income tax rates incorporated by the previous government would make it difficult for the FBR to achieve budgetary targets set for FY19 due to the recent changes has effectively exempted 1.2 million out of 1.4 million taxpayers, as per their projections
Textile exports clock $1.002 billion in July, register 16.09 percent MoM fall
During July, cotton yarn exports rose 7.62 percent YoY, touching $117.343 million
Greece successfully exits final bailout: ESM
ATHENS: Greece has successfully exited its final, three-year bailout program, agreed in August 2015 to help it cope with the continued fallout from a...
China defies US pressure as EU parts ways with Iranian oil
BEIJING/SINGAPORE: China, seeking to skirt US sanctions, will use oil tankers from Iran for its purchases of that country’s crude, throwing Tehran a lifeline...
Khushhalibank selects IRIS Payment Platform for digital transformation
Karachi: As Khushhali Microfinance Bank Limited continues to expand its customer base amongst an increasingly growing microfinance market, it recognizes the need to continue to...
NBP signs MoU’s with Mobi Direct, becomes settlement bank, consortium member
ISLAMABAD: The National Bank of Pakistan (NBP) signs two Memorandum of Understanding with Mobi Direct enabling NBP to become a consortium member and settlement bank...
Zameen.com’s parent group EMPG announces $50mn investment as part of larger round
Emerging Markets Property Group (EMPG), the parent company of Zameen.com and other vastly successful property portals in the MENA and South Asia regions, has announced that it has...
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Alipay set to commence services in Pakistan by end-2018
Back in March, Alibaba’s Ant Financial said it would invest $184.5million for a 45 percent stake in Telenor Microfinance Bank (TMB), a subsidiary of Telenor Group, to further develop TMB’s mobile payment and digital financial services
