Technology behind cryptocurrencies could improve financial system in future
LONDON:Â Cryptocurrencies such as Bitcoin are failing as a form of money and have shown clear signs of being a financial bubble, but...
Current account deficit widened by 3.3 percent of GDP in last two years: SBP
ISLAMABAD: As per a State Bank of Pakistan (SBP) brief provided to National Assembly’s Standing Committee on Finance Wednesday, the country’s current...
Telecom companies gearing up for 5G, but will remain a novelty for a while
BARCELONA: The telecoms world is gearing up for 5G, the next generation wireless technology that promises to go beyond phones and link...
Pakistan’s emerging economy attracting foreign investors
ISLAMABAD: The Pakistan Ambassador to France Moin ul Haque has said that Pakistan as an emerging and one of the fastest growing...
Traders, business community urges govt to sign currency swap agreement with UAE
KARACHI: The trading and business leaders have urged the government to enter into a currency swap agreement with UAE, considering the recent...
Remaining capacity generation investments under CPEC to be moved over to hydropower sector
ISLAMABAD: Both Pakistan and China have agreed to move energy sector investments under China-Pakistan Economic Corridor (CPEC) to hydro-power development.
This decision comes...
To curb under-invoicing of imports, Pakistan-China to start digital trade data exchange
KARACHI: To address under-invoicing of imports, Pakistan and China have reached an agreement to initiate digital exchange of trade data from April...
Money supply went up 0.83 percent year-on-year: SBP
KARACHI: State Bank of Pakistan on Friday released data which disclosed money supply went up 0.83 percent year-on-year during July-January of FY...
Inquiry against misuse of powers by officers and a member of PTA
ISLAMABAD: A Senate panel has directed the Special Secretary, Cabinet Division to conduct a thorough inquiry into the use of Chairman PTA‘s...
State Minister stresses expediting LPG-Air Mix Plants in Balochistan
KARACHI: The Minister of State for Petroleum Division, Jam Kamal Khan has stressed the need to expedite work on LPG-Air Mix plants...
Unabated increase in cement prices to wreak havoc on middle-class: Fayyaz Ilyas
KARACHI: Association of Builders and Developers (ABAD) Senior Vice Chairman Fayyaz Ilyas said that cement is the most important input in the...
Ahmed Shuja Kidwai to replace Shafqaat Ahmed as CEO, Al Baraka Bank
MANAMA: Ahmed Shuja Kidwai has been appointed as the new CEO of Al Baraka Bank (Pakistan) after the board of directors of...
SECP drafts governance rules to cover Sharia-compliant companies & securities
KARACHI: Pakistan’s capital market regulator has drafted governance rules that cover sharia-compliant companies and securities, the latest government initiative aimed at developing...
Asia feels the wrath, as Trump plans imposing hefty tariffs on steel & aluminum
SEOUL/SYDNEY: U.S. President Donald Trump’s planned tariffs on steel and aluminum will distort global trade and cost jobs, Australia’s trade minister said...
Circular debt breaks all barriers, touches record Rs922 billion
ISLAMABAD: The nightmare of Pakistan’s energy circular debt continues its upward surge, as it broke all records to touch Rs922 billion by...