Debt trap: Govt borrows $37bn in the last five years  Â
ISLAMABAD:Â In the last five years between 2013 and 2018, a huge amount of $37 billion has been borrowed from foreign countries to...
White House considering stiffer rules for imported cars
WASHINGTON: The Trump administration is considering ways to require imported automobiles to meet stricter environmental standards in order to protect US carmakers,...
Inflation jumps 0.4pc in a week
LAHORE:Â Increase in prices of non-perishable products has taken inflation for the combined income group up by 0.4 per cent for the week...
Aramco eyes setting up petrochemical plant in Texas
HOUSTON: Saudi Arabia’s national oil company Saudi Aramco on Saturday is expected to disclose initial steps toward a multibillion-dollar chemical plant in...
Shanghai Electric directed to submit pledge on electricity supply
ISLAMABAD: Shanghai Electric which acquired a majority 66.4 percent stake in K-Electric has been directed by the government to provide a pledge...
Govt urged to reduce inconsistencies between taxes on input, output in fertilizer industry
ISLAMABAD: The government has been urged to decrease taxes on utilization of gas as feedstock to end inconsistency between taxes on input...
Oil prices dip 2 percent as US-China trade blows over tariffs
NEW YORK: Oil prices fell about 2 percent on Friday after U.S. President Donald Trump threatened new tariffs on China, reigniting fears...
PSO owed Rs28 billion in dues for LNG supply to SNGPL
LAHORE: Pakistan State Oil (PSO) is owed Rs28 billion in payments for LNG supply by Sui Northern Gas Pipelines (SNGPL), igniting worries...
Miftah chairs monetary and fiscal policy coordination meeting
ISLAMABAD:Â The Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr Miftah Ismail Chaired the meeting of Monetary and Fiscal Policies...
Pakistan extends duty free access for 67 per cent Chinese exports
ISLAMABAD: China has extended duty free access on 90 per cent Pakistani exports under Pak-China Free Trade Agreement (FTA)-2, while Pakistan has...
Pak Russia trade volume can go up: Dastgir
MOSCOW: Defence Minister Khurram Dastgir Khan has said that the there is a great potential between Pakistan and Russia for the enhancement...
Punjab may introduce new mechanisms to finance local govts
LAHORE: Punjab government may introduce new mechanisms to finance city district government’s projects in its last budget by introducing performance-based financing, asking them...
Listed companies’ shareholders to submit bank account details in 45 days
ISLAMABAD:Â The Securities and Exchange Commission of Pakistan (SECP) has given 45 days to shareholders of listed companies to provide relevant details of...
Inflation contained, strong growth in revenues due to increased spending: SBP
KARACHI: Pakistan’s economy is set to surpass last year’s growth rate, with a continued robust performance by agriculture and services in addition to...
Advisor to PM on aviation inaugurates new livery of PIA
KARACHI: Advisor to the Prime Minister on Aviation Sardar Mahtab Ahmad Khan has inaugurated a new livery of Pakistan International Airlines (PIA)...