SBP unveils procedures for investment in amnesty bonds as scheme lags behind targetÂ
ISLAMABAD: The outgoing government's dream to collect three to four billion dollars through the amnesty scheme seems to have shattered as only...
Rice exports record $1,889b, up by 29.15pc from last year
ISLAMABAD: An increase of 29.15 per cent in rice exports was registered during 11 months of the current fiscal year as about...
Finance ministry reviews matters related to FATF meetings
ISLAMABAD: The Finance Minister, Dr Shamshad Akhtar, in the wake of Financial Action Task Force (FATF) Plenary meeting in Paris, here on Friday chaired a meeting...
Pakistan to start receiving information on offshore accounts in SeptemberÂ
ISLAMABAD:Â Pakistan is poised to receive information about offshore financial accounts in September 2018. This was stated by the spokesperson and member policy...
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.
Chinese electric car manufacturers eye Pakistani market
KARACHI: The auto industry is transforming at unparalleled speeds and is converting technology from fossil-fuel based vehicles to electric motor engines to...
Pakistan’s liquid foreign reserves increase
KARACHI: The State Bank of Pakistan (SBP) here Thursday said the total liquid foreign reserves held by the country stood at $16,798.0...
Instagram debuts IGTV, set to challenge YouTube’s domination
IGTV will be available as part of Instagram’s app and as a separate app
Pakistan’s ratings drop to B3 negative, MoF attempts to soften the blow
Moody's changes outlook on Pakistan's rating to negative from stable; B3 rating affirmed
Market Daily: Indices crumble along with rupee, shed 680.01 points
The KSE 100 dropped to an intraday low of 42,954.89 after a loss of 727.95 points before it settled down at 680.01 points at 43,002.83.
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.
Court appoints PwC, Deloitte as joint liquidators for Abraaj
Dubai-based Abraaj Holdings said on Tuesday a court in the Cayman Islands has ordered to appoint PwC as provisional liquidators of Abraaj Holdings and Deloitte as provisional liquidators of Abraaj Investment Management Ltd.
Steel sector raises prices to balance rupee devaluation
LAHORE: The steel sector of Pakistan has responded to the rupee devaluation by raising prices, especially of Cold Rolled Coil (CRC) and...
Pakistan signs agreements worth $565m with WB to support water, energy projectsÂ
ISLAMABAD:Â The Secretary, Economic Affairs Division (EAD) signed the following agreements worth $565.0Â million with the World Bank to support the projects in Energy...
Petrol prices up by Rs4.26, Diesel by Rs6.55
Accordingly, after the hike, petrol would be sold at Rs91.96 per litre, HSD at Rs105.31, SKO at Rs84.34 and LDO at 74.99. These prices would be effective from June 12 till June 30, 2018.