Banks’ deposits grow 8.79pc in January
ISLAMABAD:Â The bank deposits of scheduled banks have surged by 8.79pc, as it increased from Rs12,002,239 million in January 2018 to Rs13,057,570 million...
Moody’s changes outlook to negative for Pakistan’s banking sector
Moody’s said tighter domestic monetary conditions fueled by a wide current account deficit and low foreign exchange reserves will impact economic activity.
Jazz failed to build Veon into the WeChat of Pakistan. That’s why it will succeed
CEO Aamir Ibrahim’s willingness to abandon his failures and invest in his successes suggests a strong path forward for the company
Saudi Crown Prince’s visit to bring major investment in Pakistan
Saudi Arabia and its Gulf partner, the UAE, have already deposited $3 billion each in Pakistan’s central bank to help resolve a balance of payments crisis and shore up its declining rupee
Trump’s World Bank pick echoes calls for reform from other critics
WASHINGTON:Â President Donald Trump's choice to lead the World Bank is a firebrand critic of the world's largest anti-poverty lender -- an institution...
SBP governor stresses technology utilisation for agricultural productivity
Banks urged to enhance their outreach in terms of agricultural infrastructure by hiring agriculture credit officers
KARACHI: State Bank of Pakistan (SBP)...
PR to run four new passenger trains: minister
'Private parties will be handed over the operations of railway hospitals and schools'Â
LAHORE:Â Railways Minister Sheikh Rasheed Ahmad said on Saturday that four...
The giant Chinese companies shaping the world’s industries
China's state-backed CRRC is the world's largest train manufacturer, with annual revenues of $29bn
Chinese smartphone makers are taking a larger...
ICSID admits Pakistan’s application for revision of award conferred in Karkey case
In October, the government of Pakistan (GoP) had sought the court to throw out the Karkey Karadeniz suit seeking to confirm an $846 million arbitral award stemming from a rental power project
Govt likely to rationalise gas prices to facilitate consumers
ISLAMABAD:Â Initial findings of a probe into inflated and excessive gas bills to domestic consumers have been presented to the ministers for finance...
Headless PSM causing Rs120m loss per day
In the first six months of PTI govt, Pakistan Steel Mills caused a loss of Rs20bn
ISLAMABAD:Â Pakistan Steel Mills (PSM) is causing...
Bags carry Hermes to record sales in 2018
Hermes saw its strongest growth in China and South Asian countries with a 14pc increase when measured in constant exchange rates
PARIS:Â French...
‘All passenger coaches to be manufactured locally from next year’
Sheikh Rasheed says PM Imran Khan will inaugurate Thal Express on Feb 11
ISLAMABAD:Â Railways Minister Sheikh Rasheed Ahmad said on Friday that...
US businessmen take keen interest in Pakistani handmade furniture
ISLAMABAD:Â The furniture manufacturers of the United States have shown a keen interest in Pakistani handmade furniture, underlining the need for collaborations with...
FESCO initiates night operation against power pilferage
FAISALABAD:Â The task forces of Faisalabad Electric Supply Company (FESCO) have initiated night raids to detect power pilferage across the region.
The teams checked...