Business community presents joint proposals on budget 2019-20
'Foreign investment should only be allowed as a joint venture or as a public-listed company so that local investors could also...
Oil slips away from 2019 highs as surging US supply undermines OPEC cuts
OPEC-member and top crude exporter Saudi Arabia is expected to reduce shipments of light crude oil to Asia in March as part of the effort to tighten markets
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
Pakistan Railways seeks government go-ahead for economical oil transportation
During the presentation, the Ogra chairperson shared that levelized tariff for oil transportation via the pipeline to be laid by Frontier Oil Company would be Rs2,406 per ton, which constituted 88% of the existing road tariff
Knitwear sector sees 16pc export growth in Jan
KARACHI: The knitted garments sector was leading the textile chain exports of the country, registering a growth of 16.25pc in the month...
‘Govt striving hard to increase industrial competitiveness’
ISLAMABAD:Â The government is taking concrete measures to increase industrial competitiveness, said Advisor to Prime Minister on Commerce Abdul Razak Dawood, adding that...
Minister stresses need to promote olive cultivation in Pakistan
ISLAMABAD:Â National Food Security and Research Minister Sahibzada Mehboob Sultan said on Tuesday that promotion of olive cultivation would not only help Pakistan...
PSM’s ‘under investigation officials’ to be placed on ECL
ISLAMABAD:Â The Economic Coordination Committee (ECC) has directed the Ministry of Industries and Production to ensure placing the names of Pakistan Steel Mills...
SME financing by banking industry reaches historic level of Rs500bn
Growth in SME financing was more prominent in the last six months of 2018, wherein it registered an increase of 25pc
ISLAMABAD:...
World needs Huawei’s ‘advanced’ technology, founder of Chinese telecom giant says
The normally media-shy Huawei founder has been forced to step into the limelight in recent months as the company has come under increasing pressure over espionage concerns and the U.S.-led campaign to persuade other countries to ban its technology
Brent oil eases from 2019 highs as markets await trade talks outcome
Traders said the slight downward correction was driven by concerns about the health of the global economy this year
Indian cement importers ask Pakistani exporters to recall their shipments
The development comes amidst rising tensions between Pakistan and India after the Pulwama attack and the latter's decision to slap 200% duty on imports from Pakistan
Pakistan has steered itself out of financial crisis: SBP governor
Mr Bajwa said a plan had been formulated to banish the current account deficit and work in this regard was in progress
12th JMC meeting between Pakistan, UAE gets delayed
Pakistan has suggested signing an economic framework agreement to prioritize areas of cooperation, which is expected to be reached during the 12th JMC
Pakistan to receive $21 billion investment from Saudi Arabia over next five years
Saudi Fund of Pakistan is poised to invest $1 billion in five hydropower projects, including Diamer-Bhasha and Mohmand dams over the next two to three years