Rupee to weaken to Rs148 against greenback by end of FY19: Fitch Solutions

It expects the trade deficit to narrow over the coming months irrespective of oil price dynamics taking the country’s dollar shortage and recent rupee weakness into context

Overseas Pakistanis liable to pay tax on bringing more than one mobile phone : Chaudhary

Chaudhary said a 38% duty will be levied on costlier mobile phones

Asad Umar says will only take IMF’s money, not dictation

PTI govt has clear strategy to get Pakistan out of the begging-bowl syndrome - Asad Umar

PM likely to sack entire economic squad

Finance Minister Asad Umar, FBR chairman, SBP governor expected to be sent packing Energy minister Omar Ayyub likely to head finance ministry Finance...

Chinese entity e-Hualu clinches $83.6 million deal to build rapid bus transit system in Pakistan

Previously, e-Hualu was involved in building a project in 2016, which included an electronic policing system, access control and a vehicle monitoring platform for the capital Islamabad

Saudi Arabia to make its ‘largest foreign investment’ in Pakistan: Asad Umar

ISLAMABAD: Federal Minister for Finance Asad Umar said on Thursday that Saudi Arabia is about to make “the largest foreign investment in Pakistan’s history” which...

With PM taking personal interest will the K-Electric deal finally materialize?

On news of SEP’s delegation meeting with the PM, led to a surge in selling and buying of K-Electric shares and it ended Friday as the market volume leader with 13.90 million shares traded

Alibaba’s partner Whale Cloud to invest $70m in Pakistan

ISLAMABAD: Considering the demographical and geo-strategic location of Pakistan and the vision of the new government, Whale Cloud, partner of Ali Baba Group, has shown...

PTCL wins ‘Best Asian Operator’ award

KARACHI: Pakistan Telecommunication Company Limited (PTCL) has won the award for ‘Best Asian Operator’ at the Telecom Review Excellence Awards 2018, held in Dubai.PTCL President...

Pakistan likely to receive financial assistance from China after JCC meeting

Pakistan may get short-term lending of $2 billion from Industrial and Commercial Bank of China ISLAMABAD: As Pakistan still awaits financial assistance from China, the...

Stock market may hold up to eight IPOs in 2019

Arif Habib Group CEO expects the market to post a healthy run next year on back of improving macros and political stability’KARACHI: The Pakistan...

Over $15 billion remittances being sent via Hundi

Bukhari said they had introduced biometric verification system to ensure better communication between the ministry and the Pakistani diaspora working abroad

PIBTL working on setting up LPG import facility at Port Qasim

Port Qasim Authority (PQA) Chairman Asad Rafi Chandna said it was working to develop another natural ship navigation channel

Pak Rupee will not depreciate any further: Hammad Azhar

ISLAMABAD: Clarifying the statement attributed to the State Bank of Pakistan governor, Minister of State for Revenue Hammad Azhar said on Friday that the Pakistani...

Hubco completes acquisition of 37% stake in ThalNova

In April 2016, ThalNova had been granted a power generation licence for establishing a 330-megawatt coal-fired power plant at Thar coal mine south, Sindh

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MoF to seek cabinet’s approval over appointment of NBP chief

ISLAMABAD: The Ministry of Finance (MoF) is considering approaching the federal cabinet over the appointment of Arif Usmani as National Bank of Pakistan (NBP)...