Fitch downgrades Pakistan’s rating to B-, maintains stable outlook
It projects current account deficit will narrow to 5.1% of GDP in FY19 and to 4% in FY20 from a revised 6.1% in FY18
Pakistan receives second $1bn Saudi tranche
Earlier, the State Bank of Pakistan (SBP) in November had received $1 billion from Saudi Arabia.
SBP governor hints further devaluation of rupee
ISLAMABAD: As the experts have already expected a further decrease in the value of Pakistani currency against the dollar, the State Bank of Pakistan (SBP)...
Saudi Arabia to make its ‘largest foreign investment’ in Pakistan: Asad Umar
ISLAMABAD: Federal Minister for Finance Asad Umar said on Thursday that Saudi Arabia is about to make “the largest foreign investment in Pakistan’s history” which...
Rupee to weaken to Rs148 against greenback by end of FY19: Fitch Solutions
It expects the trade deficit to narrow over the coming months irrespective of oil price dynamics taking the country’s dollar shortage and recent rupee weakness into context
Asad Umar says will only take IMF’s money, not dictation
PTI govt has clear strategy to get Pakistan out of the begging-bowl syndrome - Asad Umar
PIBTL working on setting up LPG import facility at Port Qasim
Port Qasim Authority (PQA) Chairman Asad Rafi Chandna said it was working to develop another natural ship navigation channel
Chinese entity e-Hualu clinches $83.6 million deal to build rapid bus transit system in Pakistan
Previously, e-Hualu was involved in building a project in 2016, which included an electronic policing system, access control and a vehicle monitoring platform for the capital Islamabad
Landlords found evading taxes, sent notices by FBR
It has come to the fore, that three out of four people who were declaring agriculture as the source of income aren’t paying tax on agriculture income in provinces
Pakistan likely to receive financial assistance from China after JCC meeting
Pakistan may get short-term lending of $2 billion from Industrial and Commercial Bank of China ISLAMABAD: As Pakistan still awaits financial assistance from China, the...
Auto sales nosedive 17% YoY to 17,442 units in November
On a month-on-month basis (MoM), auto sales declined 30% to 17,442 units in November against 24,850 units in October
Trade deficit declines 0.3% YoY to $2.78 billion in November
On a month-on-month (MoM) basis, trade deficit recorded a decline of 5.3% to $2.78 billion from $2.94 billion in October 2018
No duty payable on phones being used on roaming for less than thirty days: Azhar
For these phones to be registered, Mr Azhar said it can be done at either the airports or in any of the Customs houses across the country and phones aren’t detained during the process of registration/duty payments
Hubco completes acquisition of 37% stake in ThalNova
In April 2016, ThalNova had been granted a power generation licence for establishing a 330-megawatt coal-fired power plant at Thar coal mine south, Sindh
Overseas Pakistanis liable to pay tax on bringing more than one mobile phone : Chaudhary
Chaudhary said a 38% duty will be levied on costlier mobile phones
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Systems Ltd granted Rs240m LRMIS contract in Balochistan
Initially, the execution will be carried out in four districts of Baluchistan namely Quetta, Gwadar, Jaffarabad and Pishin
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MoF to seek cabinet’s approval over appointment of NBP chief
ISLAMABAD: The Ministry of Finance (MoF) is considering approaching the federal cabinet over the appointment of Arif Usmani as National Bank of Pakistan (NBP)...
