Pakistan’s debt-to-GDP ratio projected at alarming 74pc, expected to increase further by year end
ISLAMABAD: With an alarming projection, caretaker Finance Minister Dr Shamshad Akhtar painted a worrying economic picture and said that the total public...
NEPRA reduces tariff control period for five years in reviewed order for MSW power projects
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has issued a reviewed order with respect to the upfront tariff determination for Municipal...
Topsun Motors, Pak-China Motors accorded Greenfield status
Topsun Motors will setup assembly plant in Multan, the company has signed an exclusive cooperation agreement with Chongqing Big S&T Dev Group Ltd & Mianyang Huarui Automotive Co. Ltd. China for the production of LCVs with an initial investment of Rs5.43 million
Summit Bank reiterates operations running smoothly and efficiently
SBP in a press release said the rumours circulating about Summit Bank in the media, especially social media were baseless and misleading besides advising the public and depositors of the bank to not pay any heed to such rumours
Slippage in billing collection and other factors causing rise in circular debt
A loan facility of up to Rs431 billion for Discos was arranged by PHPL/CPPA-G on part of Discos for FY17 as a term finance facility
Brent crude drops more than $1 after U.S. softens stance on Iranian sanction waivers
Washington will consider requests from some countries to be exempted from sanctions it will put into effect in November to prevent Iran from exporting oil, U.S. Secretary of State Mike Pompeo said on Tuesday
Cement manufacturers jack up prices by Rs15-20 per bag in northern region
As global prices of coal have surged, the cement manufacturers to protect their bottom lines passed on the impact to the consumers by raising prices in the region of Rs15-20 per bag
IESCO top brass making efforts to save officials involved in fraud
Also, IESCO suffered losses of Rs222 million in twenty-three other contracts in which the contractor was granted favour by the project director
Pakistan has great opportunities for Greek investors: FPCCI
LAHORE: Pakistan offers tremendous investment opportunities for Greek business community to invest in the fields of retailing, health, communication, oil refining, electricity...
SBP explains collection mechanism for Dams Fund, banks to contribute as well
On media queries, Shamsul Hasan clarified that arrangement had also been made at banks to receive donations in Diamer-Basha and Mohmand Dam Fund from abroad.
Finance minister chairs meeting on measures against currency smuggling
ISLAMABAD: Finance Minister, Dr Shamshad Akhtar here Tuesday chaired a meeting to discuss measures against cross-border illegal transportation /smuggling of currency.
The minister at the outset...
Pakistan to chair UNCTAD’s session on competition law, policy
KARACHI: Competition Commission of Pakistan (CCP) Chairperson Vadiyya Khalil will chair the seventeenth session of the Inter-governmental Group of Experts on Competition...
Overseas Pakistanis remit $19.622bn, an increase by 1.4pc from last year
KARACHI: The State Bank of Pakistan (SBP) received the workers’ remittances of $19.622 billion in the last fiscal year (2017-18), up by...
Hi-Tech Alloy Wheels Ltd set to get listed on PSX
Loads Limited become the first auto-parts manufacturer company in Pakistan to begin manufacturing of alloy wheels, which were previously being imported by car assemblers for their high-end vehicles
Do not blame OPEC, oil producer group says of Trump criticism
Global oil prices have climbed steadily this year, helped by rising demand, and topped $80 per barrel in May for the first time in 3-1/2 years