Mini-budget on Jan 23 will revive economy, Asad Umar claims
–Finance minister says Pakistan not considering IMF bailout for now
–Says budget will remove tax anomalies, facilitate investorsÂ
–PPP’s Sherry opposes budget, says new...
Jazz CEO Aamir hints massive layoffs in a bid to revamp Jazz
LAHORE: In a recent message sent out to the employees at Jazz, Jazz CEO Aamir Ibrahim informed the company that Jazz would...
Rupee devaluation pushes minimum wage to $107, raises Pakistan’s regional competitiveness: Report
A year ago, wages in Pakistan were $136 vs $64 in Bangladesh and now the difference stood at $107 compared to $95 currently and it has made big strides in becoming regionally competitive again, said Renaissance Capital
Pakistan can cope with financial crisis without approaching IMF: Asad Umar
The minister said the government had decided to introduce some structural reforms to correct the fundamentals of the national economy for bringing long term development and stabilization
Pakistan eyes investment pacts with Saudi Arabia, UAE
The investments would be in addition to a $6-billion package provided to Pakistan by Saudi Arabia and a similar-sized package, made up of loans and an oil payment credit facility, offered by the UAE
Pakistan doesn’t have enough foreign reserves to pay debts: Moody’s
Pakistan needs $12 billion to meet its external financing needs till June 2019
Pakistan will need far more dollars in its reserves...
Pakistan, World Bank sign $100m agreement for Sindh Solar Energy Project
ISLAMABAD:Â With an objective to increase solar power generation and access to electricity in Sindh, the government on Wednesday signed a financing agreement...
Pakistan’s growth projected to slow to 3.7% in FY18-19: World Bank
In Pakistan, the informal sector provides two-thirds of total employment but produces only about one-third of GDP
Inability to complete paperwork causes delay in CPEC mass transit projects: Report
Also, the Pakistani side was unable to finalize the feasibility studies of Quetta mass greater scheme and greater Peshawar mass transit circular rail project
Pakistan’s first blockchain-based cross border remittances service launched
The blockchain-powered remittance service will make round-the-clock, real-time money transfers between the two countries possible at a competitive exchange rate, with Alipay’s transaction fees waived during the one-year trial period
K-Electric says finalization of financial statements for FY17 & F18 facing delays
The power utility cited the absence of valid power tariff for the year starting 1st July 2016, ongoing litigation and stay order issued by the Sindh High Court and change of auditors as reasons for not being able to hold AGM for FY17 and FY18
Pakistan coal imports projected to soar to 30m tons by 2020
The demand for cement manufacturers was projected to increase by 2.0 million tons, whilst coal-fired power plants would require 8 million tons by 2020
Pakistan says UAE’s financial assistance to shore up economy
Chaudhry did not give any details about any further assistance through deferred oil payments, which he said late last year the UAE would be extending to Pakistan on top of the loan
Global trade slowdown likely to weigh on Pakistan’s exports: Fitch Solutions
Pakistan's external account woes to continue says the research agency
SBP likely to keep interest rates unchanged for remainder of FY18-19: Fitch Solutions
It warned from a long-term perspective, money and credit growth remain troublesome and indicate inflation pressures are probably going to remain fairly high