Saudi Crown Prince’s visit to bring major investment in Pakistan

Saudi Arabia and its Gulf partner, the UAE, have already deposited $3 billion each in Pakistan’s central bank to help resolve a balance of payments crisis and shore up its declining rupee

Air France mulls returning to Pakistan after 11 years: minister

Petroleum Minister Ghulam Sarwar Khan revealed on Friday that after witnessing a conducive business environment, Air France was planning to resume its service in...

SBP to cease issuance of Rs40,000 prize bonds from 15th Feb

The decision was taken to appease global watchdogs, who had doubts about the investment of black money via these bonds

Rashid Khan appointed as PTCL CEO

ISLAMABAD: The PTCL Board of Directors in its meeting on Tuesday appointed Rashid Khan, currently the chief executive of Ufone, to the post of...

Moody’s changes outlook to negative for Pakistan’s banking sector

Moody’s said tighter domestic monetary conditions fueled by a wide current account deficit and low foreign exchange reserves will impact economic activity.

FBR abolishes 2pc customs duty on import of 200 items

The Federal Board of Revenue (FBR) on Tuesday abolished the two per cent additional customs duty on the import of 200 items and auto...

Pakistan ranked 131st freest economy, receives freedom score of 55: Report

According to the report, the country’s overall score has risen by 0.6 points, with increased scores for judicial effectiveness and property rights outmatching declines in monetary freedom and fiscal health

Banks’ deposits grow 8.79pc in January

ISLAMABAD: The bank deposits of scheduled banks have surged by 8.79pc, as it increased from Rs12,002,239 million in January 2018 to Rs13,057,570 million in the...

Asad Umar says striving hard to bring Paypal to Pakistan

Finance minister says apart from inviting PayPal, he is working on another online payment system, AliPay.PESHAWAR: Finance Minister Asad Umar said on Monday...

ICSID admits Pakistan’s application for revision of award conferred in Karkey case

In October, the government of Pakistan (GoP) had sought the court to throw out the Karkey Karadeniz suit seeking to confirm an $846 million arbitral award stemming from a rental power project

Govt will require to reduce borrowings from central bank, implement VAT under IMF programme: Report

According to official sources, the IMF will demand to attain a primary balance of budget into surplus, which is presently seeing a huge deficit

Foreign banks eye financial advisory role in divestment of two LNG fired-power plants: Report

This divestment would rank as the country’s largest privatization deal since 2005 when Etisalat acquired a controlling stake in Pakistan Telecommunications Limited (PTCL) for $2.6 billion

Prime Minister Imran Khan warns of ‘painful’ reforms

Before taking the stage, Khan met with Lagarde and she termed the meeting "good and constructive"

Hyundai to launch first digital car showroom in Pakistan

The showroom will be opened at Emporium Mall in LahoreSouth Korean automaker Hyundai is going to introduce its first ‘Digital Showroom’ in...

KSA to invest $322m in five hydropower projects of Pakistan

ISLAMABAD: Apart from making investments in the oil and mineral sector, Saudi Arabia will also make an investment of SR1.207 billion ($322 million) in five...

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Amazon does not have a Pakistan presence. These Pakistani entrepreneurs are...

The global e-commerce giant has ignored Pakistan, but many enterprising individuals and companies have found ways to use the platform to their advantage by getting around the legal hurdles

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