External debt servicing hampers country’s foreign reserves positionÂ
KARACHI: The State Bank of Pakistan (SBP) Thursday said that the total liquid foreign reserves held by the country stood at $18,240.4...
Digitalisation to help achieve economic growth target of 6 pc this year: Sindh governor
KARACHI: Pakistan has done a massive job at deploying digital technology which significantly supports the acceleration of economic growth to the set...
ABAD organises ‘Pak-China Construction Conference’
KARACHI:Â Pak-China friendship is stronger than ever, and all the projects initiated under China-Pakistan Economic Corridor (CPEC)Â are to be completed on time, said...
Debt ridden Toys ‘R’ Us to close all US stores
NEW YORK: Toys 'R' US plans to sell or close all of its US stores, potentially hitting 33,000 jobs, US media reported...
FBR to review tax structure for soybean seed, oil
LAHORE:Â The taxation structure for soybean seed and soybean oil import is being reviewed by the Federal Board of Revenue (FBR), as reduced...
PPIB gives extension for financial close of Matiari-Lahore transmission line
ISLAMABAD: An extension has been given in timelines for achieving financial close of various power projects including the high-voltage direct current (HVDC)...
Thar Energy limited to receive equity injection from Fauji Fertilizer, CMEC
LAHORE: In a stock exchange notification forwarded to the bourse by Hubco on Thursday revealed the company had entered into a shareholder...
Pakistan needs to tap potential of off-grid solar industry
ISLAMABAD:  An energy conference organized by the International Finance Corporation (IFC) on Wednesday saw participants emphasizing on taking advantage of Pakistan’s off-grid...
Oil prices steady on back of robust global demand
SINGAPORE: Oil prices held steady on Thursday, supported by healthy global demand but capped by the relentless rise in U.S. production that...
NTDC on verge of default, as it battles severe financial crunch
LAHORE: The National Transmission and Despatch Company (NTDC) is on the verge of default as it halted all payments to its contractors,...
CJP questions if SC could enforce ban on opening of foreign currency accounts
ISLAMABAD: A hearing held in the apex court on Wednesday saw Chief Justice Pakistan Saqib Nisar asking if it was possible for...
Govt opposes abolishment of secrecy for foreign currency account holders
ISLAMABAD: The suggestions put forth by the apex courting limiting movement of foreign currency within the country and abolishment of secrecy for...
Bank deposits rose 11.63 percent by end-February: SBP
KARACHI: Figures outed by State Bank of Pakistan (SBP) on Wednesday revealed bank deposits rose 11.63 percent to Rs11.880 trillion by end...
Vitol partnering with Total on setting up LNG import facility in Karachi
LONDON/ISLAMABAD/DHAKA: Vitol is targeting Southeast Asia’s booming liquefied natural gas (LNG) markets to boost sales and catch up with rival commodity traders...
BoI launches ‘Doing Business Plan’ to improve country’s global ranking
ISLAMABAD:Â Board of Investment Secretary Samaira Nazir Siddiqui on Wednesday said that Board of Investment (BOI) in consultation with all stakeholders has launched...