Clarifying a news item on current account deficit, appeared in a section of press on December 20, it said the news does not reflect the factual position, a Finance Division press release said.
Worries about Chinese economic growth and the trade row had pushed the offshore yuan to a 22-month trough of 6.9800 midweek.
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Lagarde, in a speech ahead of the IMF and World Bank’s annual meetings next week in Indonesia, said growth was at its highest level since 2011, but had plateaued, with fewer countries participating in the expansion
Finance Minister Asad Umar on Tuesday announced a “mini-budget” in the National Assembly and said that if the government continues in the present economic trajectory, the country will be doomed.
U.S. President Donald Trump is likely to announce new tariffs on about $200 billion on Chinese imports as early as Monday.
Trump, who had already imposed 25 percent tariffs on $50 billion of Chinese goods, said a week ago that he would be adding tariffs on another $200 billion in goods
China’s infrastructure building spree across the nation seems to have been halted due to Pakistan’s inability to pay its loans
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At least 22 projects worth $ 28.6 billion are under implementation which included 15 energy projects under the multibillion-dollar China-Pakistan Economic Corridor (CPEC).
The trade conflict between Europe, China and the United States is high on the agenda for the consultations between Li and Chancellor Angela Merkel in Berlin on Monday.
Commerce Secretary Younus Dagha inaugurated the new head office of the Pakistan Horticulture Development and Export Company (PHDEC) on Monday.
Pakistan and Tajikistan Saturday agreed to make joint efforts to substantially increase the bilateral trade, noting that there existed huge economic potential to exploit.
In order to remove the hurdles in cross-border trade, Federal Board of Revenue (FBR) has decided to make rules regarding the Authorised Economic Operator (AEO) programme.
The LCCI office-bearers said that over-invoicing in China is common to get custom rebates and it is impossible to match trade data with China through Electronic Data Exchange system.