Govt presents finance bill amid ruckus in NA
–Third finance bill aims at encouraging investment, exports, promoting ease of doing business
–Super tax on non-banking companies abolished, interest on agri loans...
Pakistan ‘unprepared’ to convince FATF’s team over 26-point action plan
ISLAMABAD: As a team of the Financial Action Task Force (FATF) has arrived here to evaluate the implementation on teh 26-point Action...
PIA incurs losses as half a dozen aircraft grounded: Report
Moreover, the state-owned airline is already losing millions every month under the ambit of rent of two grounded ATR aeroplanes which have been procured on dry lease
Pakistan, UAE to reach agreement on $3 billion support package today
Earlier this month, UAE’s crown prince Sheikh Mohammed bin Zayed Al Nahyan paid a flying visit to Islamabad and affirmed a $3 billion bailout package announced last month
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.
New aviation policy to be forwarded for approval to federal cabinet next month
The aviation secretary said the new policy would provide more facilities and procedures would be eased to attract more airlines to Pakistan
Sarmaya-e-Pakistan, holding company for state owned enterprises incorporated: Asad
LAHORE: Finance Minister Asad Umar says Sarmaya-e-Pakistan, the holding company for state-owned enterprises, has been incorporated.
In a tweet, he said turning around...
Edotco planning to invest $250 million in Pakistan over next five years
Chairman Edotco Group said the company wanted to become a partner in Digital Pakistan Programme
Rupee stronger against the dollar
Market Analyst Hammad Malik told Profit, “I think Rs125 is a fair price against the greenback and it will likely revolve around it.”
China agrees to provide $2.5 billion loan to bolster foreign exchange reserves
This follows the previous $2 billion loan provided by China at the end of July last year to bolster foreign exchange reserves and it has come out as the country’s biggest economic rescuer in the past five years
Kia Lucky Motors targeting commercial production by 1st quarter FY19-20
KLM has opened company owned /third-party operated dealerships in some of the metro cities of Pakistan
Private lunch with Warren Buffett auctioned off for $3.3 million
An anonymous bidder offered more than $3.3 million on Friday for a private lunch with Warren Buffett, an amount just short of the record paid in 2016 and 2012 for the chance to pick the brain of the renowned investor and philanthropist.
Market Daily: Foreign investors slash Pakistan equities by 6pc in May
Pakistan’s foreign portfolio investment witnessed 9-month high outflow of $73 million during May 2018, while YTD outflow remains at $59 million.
China lends $1 billion to Pakistan to boost dwindling forex reserves
In the first 10 months of FY18, China lent Pakistan $1.5 billion in bilateral loans and it also received $2.9 billion in commercial bank loans mostly from Chinese banks, ministry officials said
Ali Jahangir Siddiqui in hot waters once again as NAB expands investigation
Azgard Nine Limited, JS Global, Swiss Bank Julius Baer and Securities and Exchange Commission all alleged in illegal remittances worth €23.75 million.