Govt keen to see Pakistan as emerging hub of economic activity: Rana Afzal

ISLAMABAD: Minister of State for Finance, Rana Muhammad Afzal Khan said that the government is keen to see Pakistan as an emerging hub of...

Bank’s high level exposure to low-rated government securities, a major risk, says: Moody’s

LAHORE: International credit rating agency, Moody's, has kept a stable outlook for Pakistan’s banking sector stimulated by a growing economy, enhanced domestic demand and...

Zong 4G partners with Daewoo Express

Zong 4G and Daewoo Pakistan Express Bus Service recently entered into a strategic partnership to enhance connectivity on-the-go.

BankIslami lost $6m within 23 minutes in cyber attack

Finance Minister Asad Umar says according to SBP, no other bank had reported hacking of customers' data

EETPL, SSGC sign agreement for additional LNG supply

KARACHI: Sui Southern Gas Company (SSGCL) and Engro Elengy Terminal Private Limited (EETPL) entered into an agreement for procurement of additional 200mmcfd LNG gas.Jahangir...

In sharp U-turn, monetary policy easing back in play across Asia

A softer dollar and lower oil prices played an important role in the turnaround. But crucially for Asia, regional growth engine China is having a worse than expected start to the year and is exporting disinflation to the rest of the region

FBR raises RD to promote import substitution

KARACHI: The Federal Board of Revenue (FBR) has issued a new SRO named as “S.R.O. 640 (I)/2018”, where the Regulatory Duty (RD) on various items...

Sindh approves Rs9.3 per kg additional subsidy on sugar export 

KARACHI: Sindh government in a major decision has approved an additional subsidy of Rs 9.3 per kilogram subsidy on the export of surplus sugar.The...

Investment in power sector crucial for textiles: Dastgir

Federal Minister of Commerce Khurram Dastgir Khan has said that Pakistan was investing in its energy sector in order to achieve a constant growth...

Investors meet PM, discuss setting up LNG terminal

ISLAMABAD: A consortium of private investors called on Prime Minister Shahid Khaqan Abbasi at Prime Minister’s Office on Friday and discussed a matter relating...

Pakistani banks ignored as Chinese financing dominates CPEC

LAHORE: Pakistani banks are missing out on the China-Pakistan Economic Corridor (CPEC) boom as Chinese financial institutions fill in the gap of providing majority...

Fake websites promoting online earning targeting the youth

ISLAMABAD: Tempting and seductive advertisements of significant online earning may be a trap by cyber-mafia to pickpocket vulnerable people, especially the youth.Information technology (IT)...

PM discusses tax exemptions, new LPG plants, gas prices in ECC meeting

ISLAMABAD: Prime Minister Shahid Khaqan Abbasi chaired a meeting of the Economic Coordination Committee (ECC) of the Cabinet here at Prime Minister’s Office on...

How HSBC went kaput three times trying to establish a presence in Pakistan’s banking sector

LAHORE: Many foreign banks have forayed into Pakistan’s banking sector with aplomb in the last few decades, namely Citibank, Barclays, HSBC, Crédit Agricole, Société...

ABAD raises voice against illegal construction in Karachi

KARACHI: Illegal construction without No Objection Certificate (NOC) from the relevant department is a serious problem in Karachi and the Association of Builders and...

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