Pakistan, South Korea sign framework arrangement worth $500m

Under the arrangement, South Korea will provide long-term concessional financing for the execution of various development projects in PakistanISLAMABAD: Adviser to Prime Minister on...

What on earth happened to TCS & can Saira Awan fix it?

The pace of change can sometimes overtake even the best companies, including those that have achieved the coveted “verb status”. In most of urban...

Finance adviser meets PM, says talks with IMF to be expedited

Dr Hafeez Sheikh says budget to be announced not earlier than May 24Prime Minister Imran Khan on Saturday met newly-appointed Finance Adviser Dr...

Market reacts positively as Hafeez Sheikh takes charge of finance ministry

'IMF will be more comfortable in discussing the next loan programme with Hafeez Sheikh' 'The new advisor has made it clear to the...

Asad Umar resigns as PM Imran revamps cabinet

Imran appoints Hafeez Sheikh advisor on finance, Firdous Ashiq Awan advisor on media  Fawad loses info ministry portfolio, becomes science and tech minister,...

CPEC to enter ‘new era’ after PM Khan’s visit to Beijing: envoy

'All countries are welcome to join the development of Pakistan's economy'ISLAMABAD: Chinese Ambassador Yao Jing said on Wednesday that the upcoming visit of Prime...

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 give $7.5bn...

Saudi Aramco team in Pakistan for talks on LNG deals

ISLAMABAD: A delegation from the world’s largest crude oil producer, Saudi Aramco, is in Pakistan for discussions on what would be its first-ever liquefied natural...

Minister admits to slashing of CPEC funds

Planning minister says Rs24bn were diverted to uplift projects from several heads, including CPECISLAMABAD: Planning Minister Khusro Bakhtiyar on Friday admitted to partial cutbacks...

Illegal jetties causing annual loss of Rs5bn to national exchequer

'Owing to lack of surveillance, these jetties are being used for smuggling of goods, fishes, fuel and even drugs to and from Pakistan'ISLAMABAD: The...

Abraaj founder, managing partner arrested on fraud charges

NEW YORK/LONDON: The chief executive and a managing partner of the collapsed Dubai private equity firm Abraaj Capital Ltd were arrested on the United States...

‘Next budget to be made in light of IMF programme’

A staff level mission will be visiting Pakistan this month to finalise the Memorandum of Economic and Financial Policies, which will be presented...

Govt to revive PSM under public-private partnership

'The rights of PSM employees will remain intact and all existing workers will be retained'ISLAMABAD: Advisor to Prime Minister on Commerce Abdul Razaq Dawood...

Warning Seth Sahib: The startups are coming for you

Mudassir Sheikha’s successful sale of Careem will galvanize the Pakistani startup ecosystem, and imbue it with something it has lacked so far: serious financial power

How Musadaq Zulqarnain became a billionaire by selling socks

In 1992, two brothers Musadaq Zulqarnain and Naveed Fazil along with their friend Tariq Iqbal Khan, set out to establish a company producing hosiery...

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What on earth happened to TCS & can Saira Awan...

The pace of change can sometimes overtake even the best companies, including those that have achieved the coveted “verb status”. In most of urban...

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SC restores taxes on cellular top-up

CJP says apex court will not intervene in public revenue and tax collection propositionsISLAMABAD: The Supreme Court (SC) on Wednesday ordered the restoration of all...