SaudiGulf Airline to commence operations in Pakistan

 -- The airline will offer the highest number of flights between the eastern province of Saudi Arabia and PakistanKARACHI: SaudiGulf Airlines – the new full-service...

Asad Umar presents amendments to budget for ongoing fiscal year

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.

Dawood Hercules backs off Rs17.453 billion deal with Edotco Pakistan

At end of August 2017, DHCL in partnership with Edotco entered into an agreement with Veon Pakistan Limited to acquire its wireless tower business in Pakistan for $940 million.

FPCCI rebuffs govt’s reservations on CPEC

--Chamber president says public statements by top govt officials blaming China for unfair agreements will be damaging for PakistanISLAMABAD: The Federation of Pakistan Chambers of...

Chinese trade mission to visit Pakistan on 26th

ISLAMABAD: Adviser to Prime Minister on Commerce and Textiles Abdul Razzaq Dawood has said a Chinese buying mission, consisting prominent businessmen and investors, would visit...

Private sector asked to invest in railway infrastructure

-- Sheikh Rasheed singles out train stations across the country as a good investment optionLAHORE: Pakistan Railways Minister Sheikh Rasheed on Saturday invited the private...

CLSA to enter Pakistan’s brokerage & investment sector with investment in Alfalah Securities

In January, CLSA expressed keenness to enter the country’s banking sector, as it saw significant investment opportunities in Pakistan

Emerging market fund managers hunt for bargains after Turkey contagion

The selloff in emerging markets gathered momentum after U.S. President Donald Trump in March signed a memorandum targeting up to $60 billion in Chinese goods with tariffs, triggering fears of a global trade war

Pension fund industry’s assets cross Rs26 billion: SECP

Over 65 percent of the assets of the pension fund industry are invested in Shariah-compliant funds

Has CPEC hit a major roadblock?

China’s infrastructure building spree across the nation seems to have been halted due to Pakistan’s inability to pay its loans

SBP may increase 50bps to 7 per cent discount rate, analysts suggest

Market analysts expect a hike of further 200bps in 2nd half of 2018, which will take SBP’s policy rate to 8.5 per cent by December 2018

Election 2018: Political parties release specific plans for CPEC

ISLAMABAD: With the General Election 2018 around the corner, almost all major political parties have come up with their respective election manifestos featuring their...

22 projects worth $28.6 billion under implementation: Dr Shamshad

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).

Turkish Shylock twists Pak’s arm for $846m pound of flesh

Turkish Karkey demands immediate payment of $846 million arbitration award handed down by the ICSID in August 2017 to Pakistan.

Foreign investment takes a dip, down 26.2 per cent

According to data released by the State Bank of Pakistan (SBP) on Wednesday, the country attracted FDI of $237.9 million in May, down 26.2 per cent from $322.7 million in the same month of the preceding year.

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MoF to seek cabinet’s approval over appointment of NBP chief

ISLAMABAD: The Ministry of Finance (MoF) is considering approaching the federal cabinet over the appointment of Arif Usmani as National Bank of Pakistan (NBP)...