$703m short-term loans obtained from foreign banks during 1st quarter FY 2017-18: EAD

ISLAMABAD: Economic Affairs Division (EAD) data revealed Pakistan has signed short-term commercial loan agreement of $703m during first quarter (July-September) of current...

IMC launches Corolla XLi with automatic transmission

ISLAMABAD: The most popular variant of Toyota’s flagship Corolla, XLi 1.3 is set to change the auto sector dynamics of the Pakistani...

Actis bids for Abraaj’s emerging market funds, claim sources

Abraaj received bids this week to manage funds and is expected to close the deal by the end of the year DUBAI: Actis,...

Planning Ministry rebuffs western media’s fresh report on CPEC

‘Infrastructure sector is being developed through interest-free or government concessional loans’ ‘Benefits of CPEC investments will far outweigh the outflows’ ISLAMABAD: The Ministry of Planning...

IMF concerned over ‘political instability’ in Pakistan

ISLAMABAD: Although the International Monetary Fund (IMF) mission, during its recently-concluded visit to Pakistan, had officially lauded the government for making "progress in...

Oil prices spike to highest levels since 2014

SINGAPORE: Oil prices hit their highest levels since 2014 on Wednesday due to ongoing production cuts led by OPEC as well as...

Bank deposits rose 11.63 percent by end-February: SBP

KARACHI: Figures outed by State Bank of Pakistan (SBP) on Wednesday revealed bank deposits rose 11.63 percent to Rs11.880 trillion by end...

BOI stresses concerted efforts for development of SEZs

Provinces asked to chalk out best competitive models for industrial development in SEZs ISLAMABAD: As the provinces are not fully cooperating with the...

‘No plan to dissolve PTA’

-- IT minister says the capacity of institution will be enhanced to facilitate masses ISLAMABAD: Information Technology and Telecommunication Minister Dr Khalid Maqbool...

Greatly anticipated Samsung Galaxy Note 9 launched in Pakistan

LAHORE: Samsung Electronics Co., Ltd. launched the latest addition to its premium Note series with Galaxy Note 9. The Note series has been recognized for including...

World Bank president to visit Pakistan as country makes progress on EODB reforms

ISLAMABAD: World Bank (WB) President David Malpass will visit Pakistan by the end of the current month to celebrate the country’s inclusion...

Trafigura planning to open second LNG import terminal in Pakistan

London: Commodities trader Trafigura said it plans to open a further liquefied natural gas (LNG) import terminal in Pakistan as traders move...

China’s Zhenhua Oil to sign oil deals with Iraq, Saudi at Shanghai expo: Sources

China’s Iraqi crude oil imports rose to 32.28 million tonnes in the first nine months of the year, or 863,000 barrels per day, 15 percent more than the same year-earlier level, according to Chinese customs data

Business community confident ahead of Saudi crown prince’s visit

Businessmen laud the leadership of PM Imran Khan and his commitment towards ensuring transparency in Pakistan KARACHI: The Businessmen Panel (BMP) of the Federation...

Rs 723.9 mln released for petroleum sector in two months

  ISLAMABAD: The government has released Rs 723.932 million for the Petroleum and Natural Resources Division under the Public Sector Development Programme (PSDP)...