Diaspora bond sale rakes in $1 million in less than two weeks
PBC is attracting demand majorly from expatriates residing in the United States and Europe
FOC allowed to construct 460km Sheikhupura-Nowshera oil pipeline
--ECC approves additional guarantees worth Rs5.6bn to PIACL
--Ministry of Industries directed to ensure recovery of cotton cess from textile mills
ISLAMABAD: The Economic...
As trade deficit declines, export growth disappoints
Growth in imports has stalled, but the rise in exports has failed to deliver tangible results and should be a cause of concern for the government
China calls US concerns over Huawei ‘groundless’
BEIJING:Â Beijing called the latest US warning against using Huawei equipment "groundless" on Tuesday, as the Chinese telecom giant faces espionage fears in...
Rashid Khan appointed as PTCL CEO
ISLAMABAD: The PTCL Board of Directors in its meeting on Tuesday appointed Rashid Khan, currently the chief executive of Ufone, to the...
Oil prices rise on OPEC output cuts, as U.S. sanctions bite
Analysts said markets are tightening amid voluntary production cuts led by the Organization of the Petroleum Exporting Countries (OPEC) and because of U.S. sanctions on Venezuela and Iran
TRC decides to refine system for valuation of immovable properties
Hence, it has been agreed upon to survey the likelihood of effectively utilizing the National Database and Registration Authority (Nadra) data for bringing potential people into the tax net
Pakistan, IMF yet to agree upon specifics of reform agenda: Report
As per Finance Ministry spokesman Dr Khaqan Najeeb, discussions were ongoing with the IMF regarding energy financing flows, energy sector reforms, fiscal consolidation and debt profile
Pakistan expected to ink $12 billion investment deals with Saudi Arabia
Dawood said it was possible that an agreement for a $3 billion oil facility on deferred payments will also be signed during the Crown Prince’s visit
Non-berthing of PSO cargo reduces RLNG supply to 220 mmcfd: SNGPL
Total RLNG available was 600 MMCFD at this time and the weather condition at the port may become more severe by Tuesday and resultantly berthing of Pakistan LNG Limited upcoming cargo may get into difficulty
Industrialists seek further cut of Rs100bn in GIDC
ISLAMABAD:Â The industrialists have urged the finance ministry to ensure further Rs100 billion cut in the head Gas Infrastructure Development Cess (GIDC), it...
Balochistan received Rs23.9bn oil and gas royalty in five years
ISLAMABAD: Balochistan has been given Rs23.9 billion royalty on account of oil and gas during the last five years.
According to the official...
Overseas Pakistani’s remit $12.774 billion in first seven months of FY19
During January 2019, the inflow of workers’ remittances amounted to $1743.25 million, which is 0.3% lower than December 2018 and 6.4% higher than January 2018
Mohmand Dam to be completed within five years, Senate told
'The proposed completion time was five years and eight months'
ISLAMABAD:Â Mohmand Dam will be completed within five years' time, as the latest...
Energy sector reforms imperative for economic sustainability: Sarwar
--Minister says existing oil refineries will have to reconfigure themselves in order to reduce the production of furnace oil
--says prices offered to...