Pakistan inks $750m financing pacts with WB, AIIB

'The funds will strengthen Pakistan's foreign exchange reserves and provide liquidity to the economy'

Govt removes Hafeez Shaikh from NFC, restores previous TORs

AGP presents new notification regarding NFC’s formation before IHC

Torkham scam: Over 100 vehicles entered Pakistan without paying taxes, NA told

FBR chairman says at least 113 vehicles crossed into Pakistan without goods' declaration or record for deposit of leviable duties

Planning ministry to retain role in CPEC projects, assures Asim Bajwa

ISLAMABAD: Rejecting media reports that China Pakistan Economic (CPEC) Authority is being further empowered through a reduction in the planning ministry’s role...

Rupee skids to all-time low against US dollar

The rupee has depreciated by 8 per cent this year

Imran vows to rid country of red tape that ‘chokes development’

–PM says Pakistan will see a removal of such obstacles in construction and housing sectors –CM Buzdar says Quaid-e-Azam business park will generate...

After rail, Iran set to drop India from key gas project

--Iran had last week dropped India from Chahbahar rail project, inking 25-year multi-billion-dollar deal with China --New Delhi hopeful Tehran might engage India...

Sukkur-Hyderabad Motorway among Rs289bn projects approved by ECNEC 

ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) on Thursday approved four projects worth Rs289 billion pertaining to the construction...

Trump wants to buy Roosevelt Hotel, PIA tells privatisation panel

–PIA official says hotel will be leased on long-term basis –PML-N's Khawaja Asif opposes privatisation of any entity during Covid-19 pandemic ISLAMABAD: A senior Pakistan...

Will build ‘biggest dam’ in country’s history, PM Imran vows

--PM kickstarts construction of much-delayed Diamer-Bhasha dam, which is expected to become operational in 2028  --Says project will generate jobs for people of...

Turkish Airlines to manage Pakistan’s fruit, vegetable exports after PIA ban

ISLAMABAD: While Pakistan International Airlines (PIA) flight operations to Europe remain suspended, Turkish Airline has offered its services to transport Pakistani fruit...

Workers’ remittances surge 50.7pc to $2.46bn in June

--On a cumulative basis, remittances increased 6.4pc to $23.1bn in FY20, as compared to $21.7bn in FY19 --SBP attributes the 'record' jump in...

Pakistan reiterates commitment to early completion of FATF action plan 

Hafeez Shaikh urges UN panel to observe how multinational companies are devising sophisticated financial models that enable them to manoeuvre their way through tax systems and shift their profits to low tax jurisdictions

PM Imran gives PIA chief a week to submit airline’s restructuring plan

PIA chief asked to undertake the restructuring process in consultation with Adviser to PM on Institutional Reforms Dr Ishrat Hussain

SSGC formulates two-day plan to end power load shedding in Karachi

The company will halt gas supply to general industries and their captive power plants and divert the same to K-Electric