Pakistan has high production costs due to expensive energy: Ishrat Hussain
ISLAMABAD: Former Governor State Bank of Pakistan (SBP) Dr Ishrat Hussain said on Thursday that Pakistan has a very high cost of production particularly due...
Travel and tourism contribution to reach Rs986 bn this year
The travel and tourism sector contributed Rs930.9 billion, that is 2.9 per cent of Pakistan’s gross domestic product (GDP), in 2017 and...
High-level Chinese delegation visits defence production ministry
ISLAMABAD: A high-level Chinese delegation visited the Ministry of Defence Production and held a bilateral meeting, co-chaired by Ministry of Defence Production...
Foreign exchange reserves down by 1.5 pc: SBP
KARACHI: Foreign exchange reserves of the State Bank of Pakistan (SBP) amounted to $11.94 billion on March 16, down 1.5 per cent...
SBP welcomes entry of non-banks in payment systems
KARACHI: State Bank of Pakistan (SBP) Deputy Governor Riaz Riazuddin said on Thursday the central bank is facilitating the entry of non-banks in the...
CPEC provides Pakistan opportunity to be regional harbinger of peace: Rana Afzal
ISLAMABAD: Minister of State for Finance, Rana Muhammad Afzal Khan has said that China-Pakistan Economic Corridor (CPEC) is a god gifted opportunity,...
Business leaders ask FBR to refund claims to exporters
KARACHI: Former Chief Executive, Trade Development Authority of Pakistan (TDAP) S M Muneer has urged the Federal Board of Revenue (FBR) to...
Julius Bitok invites KCCI to participate, support Trade and Investment Conference in Kenya
KARACHI:Â Kenyan High Commissioner Julius Kibet Bitok has invited the Karachi Chamber of Commerce and Industry (KCCI) to participate and support the forthcoming...
Call for paradigm shift in trade policy to promote regional trade
ISLAMABAD: There is a need for a paradigm shift in the national trade policy to promote regional trade and this calls for acting like...
Ghandara Nissan gears up to revive Datsun in Pakistan
LAHORE: In a notification sent to the Pakistan Stock Exchange (PSX), Ghandhara Nissan Limited (GHNL) notified the bourse that it had been...
Revenue share of tobacco industry decreases to 83.69bn in 2016-17
KARACHI: The revenue collection of Federal Board of Revenue (FBR) on documented cigarettes further declined to Rs83.69 billion in the year 2016-17...
Asia’s LNG market experiencing shakeup as new countries start importing
LAHORE: Asia's LNG market that had long been dominated by Japan and South Korea is undergoing a transformation as Pakistan and Thailand have...
Best Buy cuts ties with China’s Huawei
HONG KONG: Best Buy, the largest US consumer electronics retailer, will cut ties with China’s Huawei Technologies, a person familiar with the...
Bayer gets EU go-ahead to acquire Monsanto for $62.5 billion
BRUSSELS: German conglomerate Bayer won EU antitrust approval on Wednesday for its $62.5 billion buy of U.S. peer Monsanto, the latest in...
UBL undergoes internal reorganization exercise
LAHORE: A notification sent to the Pakistan Stock Exchange (PSX) by United Bank Limited revealed it has undergone an internal reorganization exercise...