SBP monetary policy exposes exaggerated claims of economic development: PEW
ISLAMABAD: The Pakistan Economy Watch (PEW) on Sunday said the monetary policy
of the State Bank has exposed the tall claims of rapid...
Funds non-provision delays signal-free corridor project
ISLAMABAD: The third phase of the signal-free corridor project has been delayed owing to the non-provision of funds, being built from Zero-point...
Furniture council donates Rs1m to Daimer-Bhasha, Mohmand dams fund
ISLAMABAD: The Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Sunday announced that PFC would contribute Rs1 million for the fund for the...
SAARC countries must work together to tackle climate change
ISLAMABAD: The SAARC Chamber of Commerce and Industry (SCCI) Pakistan chapter Sunday called upon all countries especially the South Asia Association of Regional Cooperation...
Axiata to divest 89% stake in Multinet Pakistan for $1
The financial performance of Multinet has been deteriorating over the last few years with the internet service provider (ISP) amassing losses of Rs754 million for the financial year ended December 31st, 2017
Manifestos of major political parties lack immediate solution to economic issues
ISLAMABAD: Though the political parties realise the grave economic situation of the country, they have not shared their strategy of dealing with the...
SBP raises key interest rate by 100 basis points to 7.5 percent
This is the third rise in the key interest rate since the start of 2018, indicating an increase in inflationary pressure and the current account deficit which is weakening the country’s economy
Karachi Port Trust to build $10bn freight corridor
KARACHI: The KPT is initiating work on the development of a freight corridor at a whopping estimated cost of around $10 billion...
Slow internet services in Gwadar thwarting China’s aspirations: Report
The customs authority online system in Gwadar is plagued by delays due to slow internet connectivity said Jamaldini
98pc increase in budget allocation to boost IT sector
All the projects were funded by the indigenous resources of the government and not a single penny is taken as a foreign grant, revealed the budgetary document
Oil edges lower, set for big weekly decline
Brent crude eased 36 cents, or 0.5 percent, to $74.09 by 0326 GMT. On Thursday it gained $1.05 a barrel, rebounding from a session low of $72.67. It is heading for a weekly fall of nearly 4 percent
LNG prices rise, as rupee depreciation and global commodity prices bite in
For Pakistan State Oil (PSO), import cost is 10.11 per mmbtu and Pakistan LNG Limited (PLL) at $10.4 per mmbtu
Dollar-denominated bond investors seek govt permission to trade them at PSX
Security Exchange Commission of Pakistan (SECP) permission is necessary for listing the bonds at the stock exchange
Pak-China fibre optic cable set for opening today
The projects total cost is projected at $44 million and 85 percent of the loan has been provided by Exim Bank of China at a discounted rate
Fed asks United Bank to strengthen anti-money laundering policies
No civil penalty has been imposed on UBL, read the stock market notification