Govt to create Special Economic Zone in Sialkot: Abdul Razzak Dawood
SIALKOT: The adviser to Prime Minister for Commerce, Textile, Industries, Production and Investment Abdul Razzak Dawood on Sunday, urged Sialkot’s exporters to try...
US, China agree trade war ceasefire after Trump, Xi summit
BUENOS AIRES: China and the United States agreed to a ceasefire in their bitter trade war on Saturday after high-stakes talks in...
Amid rupee depreciation, PM asks business community not to panic
LAHORE: Keeping in view the growing outcry on the devaluation of rupee, Prime Minister (PM) Imran Khan on Saturday asked the business...
Pakistan, Switzerland agree to exchange financial information
In a major step towards bringing back the looted wealth, Pakistan and Swiss governments have signed a memorandum of understanding which would enable...
SBP raises key interest rate by 150 basis points to 10%
Import growth declined to 5.8% during the first four months (July-October) of FY19 from 26.3% in the same period of last year, indicating an effect of recent tightening measures.
Devaluation ‘inevitable’, govt says after rupee falls to historic low
Rupee drops to lowest value ever against US dollar at Rs144 in intra-day trading before SBP intervenes to raise it to Rs136.5-137.5 at market close
Tax department detects benami account being run by a property dealer
Federal Investigation Agency (FIA) on the instruction of Supreme Court is probing the fake accounts while I&I IR FBR have also detected a fake/benami account run by a big property dealer
Suzuki seeks Greenfield status, tax benefits in exchange for $450 million investment
As per ADP 2016-2021 policy, Suzuki’s investment of $450 million would fall in the Brownfield category, however, it wants to avail tax benefits under the aegis of Greenfield project, said officials in the Ministry of Industry and Production (MoIP).
Pakistan’s net international reserves stand at negative $4b, excluding IMF debt obligations
Till September 2018, SBP had obtained $7.22 billion from commercial banks in the aegis of forward and currency swap arrangements
Indonesia announces unilateral concession on 20 tariff lines to Pakistan: Dawood
Abdul Razak Dawood said that the ministry of commerce had evolved a comprehensive national tariff policy, which would be presented before the Cabinet for approval on Thursday
Pepsi and Coca-Cola pouring $1.4 billion into Pakistan: government
Pepsi planned to make “a further investment of $1.2 billion” in next five years, Khan’s office said on Wednesday, after the company’s chief executive for Asia, Middle East and North Africa, Mike Spanos, led a Pepsi delegation that met Khan
Pakistan likely to pay back IMF before Chinese debt: U.S. Treasury official
David Malpass, the Treasury’s undersecretary for international affairs, told a U.S. Senate Foreign Relations subcommittee hearing that the Trump administration was pushing for more transparency in Chinese lending, including to Pakistan
Volkswagen’s entry to challenge dominance of Asian producers in Pakistan: Fitch Solutions
Fitch Solutions projected LCV sales in Pakistan to average annual growth of 8.7% over FY19-FY22, reaching a total of around 40,400 units by the end of FY22
Vopak to buy 44% stake in Elengy Terminal Pakistan
The acquisition will be done in separate transactions with International Finance Corp (IFC) and Engro Corp and will include a 29 percent share it had already said it would buy in July, the company said in a statement
ECC okays Rs200bn Islamic banks facility to settle circular debt
Committee decides using RLNG to avoid gas load-shedding during winter
ISLAMABAD: In a move to settle the ever-ballooning circular debt in the power...