Pakistan’s economy could grow 1.8 per cent in FY21, says IIF
A modest current account deficit and improvement in net capital inflows would lead to a further rise in official reserves.
Current account records surplus of $424m in July
KARACHI: Pakistan’s current account swung into a surplus in July 2020, recorded at $424 million, after posting a deficit of $100 million...
ECC allows TCP to import 200,000 tonnes of wheat
--Committee observes arrival of 0.7m tonnes of wheat in next two months will help defuse price volatility, discourage hoardingÂ
--Hammad Azhar announces reduction...
PTI govt adds Rs11.3tr to public debt in two years
Pakistan's public debt has increased from Rs14.3tr in FY13 to Rs36.3tr in FY20
Pakistan surpasses mango export target by 45,000 tonnes despite Covid-19
PFVA chief expects additional export of 25,000 tonnes in the next 45 days
Govt recalls achievements on second birthday
ISLAMABAD: As the Pakistan Tehreek-e-Insaf (PTI) government entered into its third year, Adviser to the Prime Minister on Finance Abdul Hafeez Sheikh...
What caused an all time high of $2.77bn remittances in July
KARACHI: Remittances rose to $2.77 billion in July, which is the highest ever level of remittances in a single month in Pakistan,...
Power plants installed during PMLN’s tenure helped end power crisis, says Razak Dawood
ISLAMABAD: Adviser to the Prime Minister for Commerce, Textile, Industry, Production and Investment Abdul Razaq Dawood on Saturday gave credit to the...
New deal signed with IPPs to cut cost of power generation: PM
PM says he will soon introduce a package that will tackle the issues of line losses & theft, and focus on improving the distribution system
PM Khan finally inaugurates Peshawar BRT
Prime Minister (PM) Imran Khan on Thursday inaugurated the Peshawar Bus Rapid Transit (BRT) project.
Addressing the inaugural ceremony, the prime minister said...
GIDC verdict by Supreme Court requires companies to pay Rs417bn
ISLAMABAD: The Supreme Court (SC) on Thursday announced its decision pertaining to Gas Infrastructure Development Cess (GIDC), directing recovery of Rs417 billion...
ECC okays timely settlement of Roosevelt Hotel’s loan
--Committee gives in-principle approval to the payment of all liabilities resulting from $105m debt secured by PIACL-owned Roosevelt Hotel in New York
--ECC...
Moody’s confirms ratings of five Pakistani banks as stable
Moody's Investors Service, on Tuesday, confirmed the B3 long-term local-currency and Caa1 foreign-currency deposit ratings of five Pakistani banks.
The banks include Allied...
Govt shortlists HSBC UK employee for FBR’s CIO position
The UK-based tech expert, who is likely to be appointed as FBR's chief info officer for three years, will be given the task to automate Pakistan's tax collection system
IMF programme in limbo as key targets remain unfulfilled
ISLAMABAD: The International Monetary Fund (IMF) would review Pakistan's performance under the Extended Fund Facility (EFF) in the last week of September.Â
According...