First-ever shipment from Pakistan under TIR leaves for Uzbekistan
ISLAMABAD: As a major development showing increasing trade ties with Central Asian countries, the first-ever shipment from Pakistan under Transport Internationaux Routiers...
ADB projects Pakistan’s growth at 4pc in 2022
ISLAMABAD: Pakistan’s economic growth is expected to rebound this year before gaining pace in 2022 as business activity gradually resumes after the coronavirus...
Pandemic exacerbates debt vulnerabilities of Pakistan: IMF
ISLAMABAD:Â The International Monetary Fund (IMF) has said that the Covid-19 pandemic has exacerbated existing debt vulnerabilities of Pakistan and led to a...
Kisan Card initiative to transform agriculture sector: PM
MULTAN: Prime Minister Imran Khan has said that the government’s historic initiative of Kisan Card will transform the agriculture sector in the country,...
NAB, FIA initiate probe to ascertain facts, fix responsibility for last year’s petroleum shortage
ISLAMABAD: The National Accountability Bureau (NAB) and the Federal Investigation Agency (FIA) have separately moved to take action against individuals responsible for...
China agrees to open Khunjerab border for trade
ISLAMABAD: Following Pakistan's persistent requests, China has agreed to open Khunjerab border for trade but with stiff conditions in view of the...
Petrol smuggling costing national exchequer Rs240bn loss annually
ISLAMABAD: Pakistan is bearing an annual loss of Rs240 billion due to the smuggling of Petroleum products, according to the Petroleum Commission's...
UAE rolls over $2bn loan for another year
LAHORE: The United Arab Emirates (UAE) on Tuesday rolled over $1 billion loan which was due to be paid on April 19,...
Tarin directs PBS to compare wholesale, retail prices of food items in more cities
ISLAMABAD: The Finance Minister Shaukat Tarin on Monday directed the Pakistan Bureau of Statistics (PBS) to regularly compare the difference in wholesale...
Sugar crisis intensifies in Punjab’s provincial capital
LAHORE: Despite the government's claims, the sugar crisis in Lahore could not be overcome and has instead intensified, leaving citizens worried to...
FBR, World Bank agree to enhance cooperation
ISLAMABAD: Federal Board of Revenue (FBR) Chairman Asim Ahmad and World Bank Country Director for Pakistan Najy Benhassine have agreed to enhance...
ECC withdraws customs duty on cotton yarn imports
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday withdrew customs duty on import of cotton yarns and waived 66...
Govt estimates 4.2pc GDP growth for FY22
ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) goverment has estimated 3 per cent GDP growth for the ongoing fiscal year (FY21) and 4.2pc GDP...
Islamabad to open consulate in Munich to tap economic potential: FM
BERLIN: Foreign Minister Shah Mahmood Qureshi has announced that Pakistan will soon open a consulate in Munich to tap economic potential present...
Overseas remittances exceed $2bn for 10th consecutive month
ISLAMABAD: Remittances from Pakistani workers employed abroad exceeded $2 billion for the 10th consecutive month in March at $2.7 billion — up...