ADB approves $25m loan to expand women’s access to credit in Pakistan

ISLAMABAD: The Asian Development Bank (ADB) has approved a $25 million syndicated loan to support the lending operations of Kashf Foundation, one of...

FBR issues notices to 3,950 non-filers in Lahore

LAHORE: The Federal Board of Revenue's Broadening of Tax Base (BTB)-Lahore has issued notices to some 3,950 people who did not declare their...

Govt to finally table Geographical Indication Bill in NA

The government has finally decided to table Geographical Indication (GI) Bill in the National Assembly to protect ownership rights of goods produced...

TCC steps up efforts for $6bn claim in Reqo Diq case

The Australia-incorporated Tethyan Copper Company has approached a court in the United States for enforcement of $6 billion penalty which was imposed...

Pakistan’s economic situation is changing: Reza Baqir

KARACHI: Pakistan's economy is facing with a number of problems and uncertainty but the situation is changing, said State Bank of Pakistan...

Can the Islamic asset management industry get its act together?

On July 2, 2019, Pakistan’s capital markets passed a little-heralded milestone: the 10th anniversary of the launch of the KSE Meezan Islamic...

EETL denies corruption accusations, says ready to cooperate with NAB

Apropos to the NAB press release issued on Friday, Engro Elengy Terminal Limited has stated that the company has always been supportive...

No gas connections for unregistered consumers: FBR

Federal Board of Revenue (FBR) Chairman Syed Shabbar Zaidi has sent letters to the managing directors of Sui Northern Gas Pipeline Limited...

Four banks fined Rs186m over non-compliance of AML laws

ISLAMABAD: The State bank of Pakistan, for the first time in its history, has imposed Rs186 million fine on four banks owing to...

Govt forms authority to expedite CPEC projects

NDC approves constitution of National Coastal Development Authority for development of tourist resorts along Balochistan's coast Council decides immediate completion of...

Italy to provide €20.5m for GB’s economic uplift

ISLAMABAD: Italy would provide €20.5 million to support economic transformation initiatives in Gilgit-Baltistan. Economic Affairs Division Secretary Noor Ahmed and Ambassador of Italy in...

ECC constitutes committee to review cotton prices 

ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh on Thursday chaired a meeting of the Economic Committee of...

Suspension of bilateral trade to hurt India more

ISLAMABAD: Pakistan's decision to suspend bilateral trade with India is likely to cost New Delhi around $1.891 billion per year. According to sources in...

ADB releases $500m loan to support Pakistan’s economic reform agenda

Economic Affairs Minister Hammad Azhar on Wednesday formally announced that the Asian Development Bank has released $500 million to support Pakistan’s reforms...

NAB arrests Miftah Ismail after IHC rejects bail extension

Former finance minister Miftah Ismail was arrested on Wednesday by the National Accountability Bureau after his pre-arrest bail was rejected by the...