Govt mulls relocating deposits worth Rs1.9tr
Speculations suggest that IMF has advised the govt to do so in order to avoid the alleged misuse of govt funds
KARACHI:Â The...
PSX manages positive close after volatile trading
KARACHI:Â The Pakistan Stock Exchange (PSX) started the day on a bullish note, largely due to clarification from the central bank that the...
China says US trade agreement not yet settled
BEIJING: China said Thursday there is "still much work to finish" on the text of a trade agreement with the United States.
US...
Pharma industry decides to slash prices of 395 essential drugs
'Prices will not increase if rupee remains stabilised, utility prices are maintained and rate of inflation is controlled'Â
KARACHI:Â Pakistan Pharmaceutical Manufacturers' Association...
Wheat stock estimated at 28.16m tonnes, well over national requirements
ISLAMABAD:Â The Federal Committee on Agriculture (FCA) was informed that wheat production for 2018-19 has been estimated at 25.16 million tonnes from an...
US firms in China frustrated, business lobby says
BEIJING:Â American firms in China remain frustrated and are growing more pessimistic about their prospects in the country, a top business lobby said...
Climate change lowers Pakistan’s mango produce by 20pc
KARACHI:Â Climate change has affected mango produce in Pakistan, particularly in Sindh and Punjab, by 20pc, according to the Economic Survey of Pakistan.
The...
Bears dominate as KSE-100 sheds over 600 points
KARACHI:Â Bears of Pakistan Stock Exchange (PSX) were again successful in capturing the market, as the indices bled for the most part of...
Gas tariff likely to increase by 75-80pc, says OGRA chief
The Oil and Gas Regulatory Authority (OGRA) chairperson has said that the hike in gas price was inevitable and an increase of...
Dubai Expo 2020 to give $33bn boost to UAE economy
DUBAI:Â Dubai's Expo 2020 global trade fair is expected to give the United Arab Emirates an economic boost of over $33 billion, consultants...
US slaps sanctions on alleged new IS financiers
WASHINGTON:Â The United States on Monday imposed sanctions on financiers with bases in Belgium, Kenya and Turkey on charges they funnelled money internationally...
Goldman Sachs reports lower profits as it eyes Main Street growth
Goldman Sachs reported lower first-quarter earnings Monday on weakness in its traditional trading business as it emphasizes newer consumer-oriented ventures, including a...
Pakistan to avail $6-8bn IMF package, says Asad Umar
IMF delegation to visit Islamabad before end of April to continue discussions on bailout package
Finance minister says World Bank to...
China Silk Road Group takes keen interest in PM’s housing project
The company offers to set up a plant for pre-fabricated housing structures in Pakistan
ISLAMABAD:Â China Silk Road Group has expressed a keen...
CDWP recommends three projects worth Rs209bn to ECNEC
Projects include Rs45.9bn transmission line between Pakistan and Tajikistan, Rs85.9bn Balakot Hydropower Project and Rs77bn Karachi BRT Project
ISLAMABAD: The Central Development Working...