Current account deficit surges by 131pc during FY 2016-17

Karachi: The State Bank of Pakistan on Thursday revised the figures for the current account deficit (CA) which increased to $10.64b, surging by a...

Gazprom, OGDCL sign MOU for exploration and development of gas fields

Islamabad: Pakistan’s Oil and Gas Development Company Limited (OGDCL) and Russia’s Gazrprom International have signed a Memorandum of Understanding (MOU) in Moscow on the...

ADB may extend $2b annual loan to Pakistan

Islamabad: The Asian Development Bank (ADB) Vice President, Wencai Zhang on Thursday indicated that the lender may be considering extending out a loan of...

Seafood exports surge by 19.45pc

Islamabad: The exports of fish and fish preparations from the country witnessed increase of 19.45 percent during the first eleven months of the fiscal year 2016-17...

Pakistani mangoes fail to capture US market

Karachi: Despite getting approval for zero duty under the generalised system of preferences (GSP) six years ago, Pakistani mangoes have failed to create a...

Samsung posts record quarterly profit

Seoul: Samsung Electronics Co. said Friday its second-quarter operating profit soared to the highest in its history as massive data growth fueled a boom...

FBR detects Rs3bn un-accounted revenue during investigation

ISLAMABADThe Directorate General of Intelligence and Investigation (I&I)-IR of Federal Board of Revenue (FBR) has detected an unexplained income of Rs 3 billion in...

NTC inks data services agreement with Telenor

ISLAMABADIn an agreement signed between National Telecommunication Corporation (NTC) - the official ICT services provider to the government of Pakistan - and Telenor Pakistan,...

‘Tea Party’ organized by Sri Lankan high commission, Marriott Hotel

LAHORESri Lanka tea industry, under the world renowned brand “Ceylon Tea”, celebrated 150 Years in 2017.The Colombo Tea Traders Association (CTTA) along with the...

Devaluing rupee will not boost exports, reduce deficit: FPCCI

ISLAMABADThe Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Thursday voiced concern over the sudden erosion in the exchange rate terming it...

Company registrations rose by 34pc during FY16-17

ISLAMABADThe number of companies registered with the Securities and Exchange Commission of Pakistan (SECP) during the fiscal year 2016-17 registered a 34 percent growth...

LCCI urges need for establishing display centers at Pakistani embassies abroad

LAHOREThe Lahore Chamber of Commerce & Industry has urged the Pakistan’s foreign missions across the world to establish display centers for organizing single-country exhibitions...

Financial policy stand-off: MoF, SBP disagree on exchange rate issue

KARACHIThe stand-off among the Ministry of Finance (MoF) and State Bank of Pakistan (SBP) became serious on Thursday when Ishaq Dar through a press...

ADB calls on Dar, assures support for reforms

ISLAMABADAfter noting that the policy-based lending for reforms in Pakistan has been very successful, the Asian Development Bank (ADB) has assured the government that...

Auto industry defies govt move to dissolve EDB

ISLAMABADWhile the government has decided to shelve Engineering Development Board (EDB), a wing of the ministry of industries and production, for alleged involvement of...

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Former PSX chairman Richard Morin breaks his silence

The former CEO of the Pakistan Stock Exchange (PSX) Richard Morin has come out swinging against rumours surrounding his abrupt resignation as the boss...

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