Afghanistan unresponsive to Pakistan’s water treaty initiative
ISLAMABAD: The government of Pakistan is continuously trying to engage the government of Afghanistan into dialogue for a possible water treaty in future...
Lakhra power plant to be made operational, says Shibli Faraz
ISLAMABAD: The leader of the house in the Senate Shibli Faraz Tuesday said the government will make functional the Lakhra Power Plant,...
Petroluem production increases by 13.24pc during FY2017-18
ISLAMABAD: The production of petroleum products witnessed a 13.24 per cent increase during the fiscal year 2017-18 as compared to the last...
Pakistan granted ‘Guest of Honour’ status at International Import Expo in China
BEIJING: The Chinese government has granted the status of “Guest of Honor” to Pakistan at the China International Import Expo (CIIE) to be...
Net foreign selling declines by 20pc
KARACHI: Foreign investors were seen to be net sellers in the capital markets for the week ending August 17, 2018, but with...
CAA reaches out to FIA amid fears Shaheen airline owners may flee after tax fraud
KARACHI: The Civil Aviation Authority (CAA) has urged the Federal Investigation Agency (FIA) to take action against the owners of the Shaheen Air International...
Credit Suisse named Pakistan’s best investment bank by FinanceAsia, Euromoney
Credit Suisse has announced that it has been named Pakistan’s Best International Investment Bank by FinanceAsia in its 2018 Country Awards for...
Pakistan borrows $439.17m in July to maintain foreign reserves
ISLAMABAD: Pakistan has borrowed $439.17 million in the first month of the current fiscal year to keep its foreign reserves above the two...
Asad Umar says depleting foreign reserves most pressing economic problem
Finance minister denies reports of change in currency notes
SBP to increase financial assistance for SMEs
ISLAMABAD: The State Bank of Pakistan (SBP) has set a target of increasing financial inclusion of SMEs from the current six to...
ECC to take up circular debt, impact on power sector in first meeting
ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet will take up the matter of circular debt and its impact on the...
Market Daily: PSX off to a positive start as market gains 157 points
LAHORE: The Pakistan Stock Exchange (PSX) started the week on a positive note. The indices moved uphill from the word go and...
Urea inventory falls to five year low as crisis looms
LAHORE: Pakistan’s urea inventory was recorded at 86,155 tons at the end of July this year, reaching a five‐year low of around 105,000...
Engro Polymer signs contract with Tianchen Corp for integrated manufacturing facility
Engro Polymer at the end of December 2017 sent a notification to PSX informing its board of directors had approved a capital expenditure of Rs10.3 billion for the addition of a new PVC Plant
Oil stable as U.S.-China trade row weighs, Iran sanctions cut supply outlook
International Brent crude oil futures were at $75.75 per barrel at 0122 GMT, down 7 cents from their last close