SBP raises interest rate by 100bps to 13.25pc
--SBP governor says decision taken keeping in view upside inflationary pressures from exchange rate depreciation
KARACHI: The State Bank of Pakistan...
China says Trump ‘misleading’ people linking trade deal, slowing economy
BEIJING: China on Tuesday rebuffed a suggestion from US President Donald Trump that Beijing needs a trade deal with the United States...
European companies eager to invest in Pakistan: PM’s aide
ISLAMABAD: Prime Minister’s Spokesperson on Trade and Investment for the UK and Europe Sahibzada Aamir Jahangir said on Monday that world-renowned multinational...
Govt mulls viable policy to ensure competitive rates of cotton for textile sector
ISLAMABAD: An Inter-Ministerial Meeting (IMM) on cotton was held in the Commerce Division on Monday to deliberate upon the issues pertaining to...
SBP calls for deep-rooted structural reforms to ensure economic stability
--'Govt's policy measures affected the performance of industrial sector and dampened manufacturing activities in FY19'
While Pakistan’s economy moved along the
stabilization phase led...
FBR’s revenues to surge to Rs10.5tr by 2023-24: IMF
--'Rapid growth of tax revenues will be ensured through policy measures committed by Pakistani authorities'
ISLAMABAD: The International Monetary Fund (IMF) has...
Sri Lanka keen to enhance trade ties with Pakistan: envoy
LAHORE: The Lahore Chamber of Commerce & Industry (LCCI), in collaboration with the Sri Lankan High Commission, organised a 'catalogue show' at...
Huawei planning major job cuts in US: WSJ
BEIJING:Â Chinese telecoms giant Huawei, which is subject to US sanctions over concerns about its ties to the government in Beijing, is planning...
KSE-100 nosedives on economic jitters ahead of SBP policy meeting
--Index sheds 714 points as investors remain cautious due to uncertainty surrounding the monetary policy
KARACHI: The Pakistan Stock Exchange (PSX) portrayed...
China posts slowest economic growth in 27 years
BEIJING: China’s economic growth slowed to 6.2pc in the second quarter, its weakest pace in at least 27 years, as demand at...
Traders warn govt of dire consequences if demands not met
--'We are mulling to hold a march to the FBR’s office, a possible sit-in or a shutter down strike for an indefinite...
US regulators approve $5bn Facebook settlement over privacy issues
The US Federal Trade Commission approved a
roughly $5 billion settlement with Facebook Inc over its investigation into the
social media company’s handling of...
Traders shut down markets across Pakistan
--Most businesses remain shut in Lahore, Karachi, Peshawar and Quetta in protest against ‘unfair’ taxes levied by govt
LAHORE/KARACHI/ISLAMABAD: A countrywide shutter-down strike was...
Japan-South Korea feud deepens with disputed accounts of trade meeting
TOKYO: A row between Japan and South Korea escalated on Saturday, with contested accounts of a frosty meeting the day before that...
China eyes Gilgit-Baltistan for cherry imports
--A delegation of Chinese quarantine experts and govt officials recently visited GB to check the farm-to-market quality of Pakistani cherry
BEIJING: China has...