Pakistan, Hungary agree to enhance bilateral trade
Envoy says meeting of Pak-Hungary Joint Economic Commission will be held in Sept this year in Budapest
ISLAMABAD: Hungarian Ambassador István Szabó called...
Indonesia formally grants immediate market access for 20 Pakistani products
ISLAMABAD: Indonesia has issued a formal notification for the correction of Indonesia-Pakistan Preferential Trade Agreement (IP-PTA) by offering immediate market access for 20...
SBP rebuffs statements attributed to Governor Bajwa, terms them ‘misleading’
ISLAMABAD: The State Bank of Pakistan has rebuffed a news report entitled 'Pakistan has come out of financial crisis: SBP governor' published on...
BMW, Daimler to invest $1.1bn in joint carsharing scheme
BERLIN: German auto giants BMW and Daimler said Friday they would invest one billion euros ($1.1 billion) in combining and extending their carsharing...
Footwear exports surge 16.4pc in seven months FY19
The footwear exports from the country surged by 16.45pc during the first seven months of the current fiscal year (FY19) to $69.248...
Pakistan may turn to Islamic banks for second $1.4 billion loan: official
The arrears, known as “circular debt”, stand at more than 1.4 trillion rupees ($10.1 billion)
FATF terms Pakistan’s progress ‘limited’, calls for swift completion of action plan
It directed Pakistan to demonstrate that remedial actions and sanctions be applied in cases of AML/CFT violations and that these actions have an effect on AML/CFT compliance by financial institutions
Bank Alfalah posts earnings of Rs11 billion for CY18, registering 28% growth YoY
Bank Alfalah announced a dividend of Rs1.5 per share for the quarter taking a total payout for the year to Rs2.5 per share
Asia’s surging fuel exports depress refining industry profits
Since 2006, the Asia-Pacific has been the world’s biggest oil consuming region, led by traditional industrial users South Korea and Japan along with rising economic powerhouses China and India
Asian shares mostly lower as investors watch trade talks
Japan’s benchmark Nikkei 225 slipped 0.5 percent to 21,368.54 in morning trading and Australia’s S&P/ASX 200 gained 0.5 percent to 6,170.30
Non-oil imports contract 20% YoY to $3.5b; the most in last nine years
On a month-on-month basis, non-oil imports fell by 3% from $3.3 billion in December last year to $3.5 billion last month
Oil prices fall as U.S. crude output hits record 12 million bpd
International Brent crude futures were at $66.87 per barrel at 0326 GMT, down 20 cents, or 0.3 percent, from their last close
Govt rejects recommendation of imposing of sin tax on tobacco and beverages
The recommendation of sin tax was put forth by MNHS for the financing of insurance scheme and fatal diseases programme of Prime Minister Imran Khan
Olive cultivation in Pakistan set to receive boost after arrival of 100,000 plants from Turkey & Spain
The promotion of olive cultivation on a commercial basis has been given go-ahead under the ambit of Public Sector Development Programme (PSDP)
SSGC, SNGPL to collect additional Rs150 billion after changes in gas slab usage
According to an official, the government is mulling a plan to either bring in a separate tariff for the winter season which lasts three months or revise the existing slabs in order to provide relief to domestic gas consumers