Weekly inflation goes up by 1.71pc
ISLAMABAD: The weekly inflation for the week ended on June 13, for the combined income group witnessed an increase of 1.71 per...
Customs set to end cases against Digicom, release smuggled Q-Mobile phones
Digicom Trading Pvt Ltd had cleared the containers of the phones in the cover of LED lights (bulbs) via a green channel on 31Â October 2017. These mobile phones were brought to Pakistan without getting an approval of Pakistan Telecommunication Authority (PTA) and also without getting their IMEI numbers registered
ZTE proposes $10.7 billion financing plan, new board
On Wednesday, ZTE shares plunged a record 41 percent in Hong Kong and 10 percent in Shenzhen, wiping out almost $3 billion off embattled ZTE’s market value, as it resumed trading after being suspended for almost two months due to the U.S. ban
Oil prices ease, as US production breaks another record
Brent crude futures, the international benchmark for oil prices, were at $76.46 per barrel at 0046 GMT, down 28 cents, or 0.4 percent, from their last close
Pakistan imported 10 million tons LNG in last three years
LNG imports have resulted in savings of $3 billion to the national exchequer
Rupee depreciation, rising global oil prices justify increase in petrol prices: OICCI
FPCCI lambasted the government for increasing prices of petroleum products and taking short-term decisions on the excuse of economic stabilization
Circular debt falls to Rs499 billion
A decrease in circular debt has been attributed to the timely notification of new tariff by Nepra which allowed Discos to collect additional Rs90 billion revenue in May 2018
LSM output declined 16.08 percent in April compared to March
On a monthly basis, food beverages and tobacco posted 2.97 percent growth, auto sector 1.64 percent, non-metallic mineral products including cement 1.51 percent, coke and petroleum products 1.12 percent
Cellular providers to give 100 percent credit on credit recharge for 15 days
As per the SC directives, this relief will last for 15 days after which the FBR and cellular companies would submit a mechanism to the apex court for collecting taxes via mobile phone top-up cards
PM invites Japanese companies to invest in Pakistan
ISLAMABAD:Â Prime Minister Justice (r) Nasir-ul-Mulk Wednesday said Pakistan attached great importance to its relations with Japan and invited Japanese companies to avail...
SBP injects Rs720bn into the market
KARACHI: The State Bank of Pakistan (SBP) on Wednesday injected into the money market Rs120 billion for one day and Rs1,600 billion...
SECP notifies Employee’s Contributory Funds Regulations 2018
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has introduced Employee’s Contributory Funds (Investment in Listed Securities) Regulations, 2018. The new...
Steel sector raises prices to balance rupee devaluation
LAHORE: The steel sector of Pakistan has responded to the rupee devaluation by raising prices, especially of Cold Rolled Coil (CRC) and...
Pakistan signs agreements worth $565m with WB to support water, energy projectsÂ
ISLAMABAD:Â The Secretary, Economic Affairs Division (EAD) signed the following agreements worth $565.0Â million with the World Bank to support the projects in Energy...
CPEC to play immense role in development of remote regions: Secretary planning
ISLAMABAD:Â The Secretary Planning, Development and Reform (PD&R), Shoaib Ahmad Siddiqui has said that the China Pakistan Economic Corridor (CPEC) being a...