‘Cement sales decline 50pc to 70,000 tonnes per day’
LAHORE: The sale of cement in the country has declined by more than 50 per cent to almost 70,000 tonnes per day...
Pakistan to come out of FATF grey list in 2020: minister
ISLAMABAD:Â Pakistan has set a target to complete all items on its Financial Action Task Force (FATF) action plan and get upgraded from...
Huawei in early talks with US firms to license 5G platform
WASHINGTON:Â Blacklisted Chinese telecoms equipment giant Huawei is in early-stage talks with some US telecom companies about licensing its 5G network technology to...
Market Weekly: PSX down 605 points; rupee remains stable
The Pakistan Stock Exchange (PSX) remained lacklustre in the outgoing week amid lack of market-moving triggers, following the announcement of the Financial...
PM’s economic team lauded for chalking out Pak-China FTA-II
KARACHI:Â Federation of Pakistan Chambers of Commerce & Industry (FPCCI) President Engr Daroo Khan Achakzai on Saturday appreciated the strenuous efforts made by...
Current account deficit contracts by massive 64pc
Pakistan's current account deficit (CAD) in the first quarter of the current fiscal year (FY20) declined by a huge 64pc mainly due...
IMF warns of downside risks for Asian economy amid trade tensions
WASHINGTON:Â Asia is expected to grow at 5pc in 2019 and 5.1pc in 2020, with risks to the projection still skewed downward, an...
Pakistan briefs IMF, WB and ADB officials on economic reforms
ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh, who is currently on a visit to Washington DC...
China, US make ‘substantial’ trade deal progress: top official
BEIJING:Â Beijing and Washington have made "substantial progress" towards a partial trade deal, China's top trade negotiator said Saturday, in his first comments...
FBR extends deadline to file tax returns
The Federal Board of Revenue (FBR) on Friday extended the last date for submission of sales tax and federal excise duty for...
‘Canadian companies mull investments in Pakistan’s energy sector’
ISLAMABAD:Â Canadian High Commissioner to Pakistan Wendy Gilmour said on Friday that Canadian companies are looking forward to investing in Pakistan, especially in...
Aramco makes relatively little from foreign refining
LONDON: Documents from Saudi Aramco show that the world’s largest oil firm earns only a limited proportion of its profit from foreign...
Experts stress bold decisions to avert FATF scare
ISLAMABAD:Â As the Financial Action Task Force (FATF) has directed Islamabad to take more measures for the complete elimination of terror financing and...
PLTL annuls LNG terminal agreement with PGPCL
ISLAMABAD: Pakistan LNG Terminals Limited (PLTL) has terminated the operation and service agreement (OSA) of the LNG re-gasification terminal with Pakistan Gas...
Food imports down 24pc, exports up 14pc in Q1 FY20
Food group imports into the country during the first quarter of the current financial year (July-Sept 2019-20) decreased considerably by 24.7pc, whereas...