$1.5 billion of foreign loans received during July-Oct FY19
During the first four months of FY19, China hasn’t provided any commercial facility and in FY18, FY17 it had given around $4.8 billion commercial loans, excluding SAFE deposits
FBR to employ experts to rein in tax evasion
The hiring of these individuals by FBR would be made under the World Bank-funded program, ‘strengthening tax system and building tax policy’.
ExxonMobil set for comeback in Pakistan after nearly three decades: Report
Mr Sayyed in a letter sent to the BoI stated ExxonMobil has been assessing its re-entrance into Pakistan since quite a while and has been assiduously hunting energy-related opportunities for past few years
IMF links Pakistan bailout talks to FATF gray list
As Pakistan and the International Monetary Fund (IMF) insisted that they will meet again in coming weeks, sources close to the negotiation...
Pak Suzuki mulling to set up second auto plant, manufacture additional 100,000 vehicles a year: report
Pak Suzuki Motors is planning to introduce four new cars and Suzuki Alto 660CC is expected to replace Mehran 800CC in April 2019.
Ministry of Science & Technology devising standards for automobile manufacturing in Pakistan
A recent report released by the Competition Commission of Pakistan (CCP) highlighted that there were no standards in existence in Pakistan for vehicle assembly and parts manufactured
PM approves social protection framework for vulnerable segments of society
Prime Minister Imran Khan on Sunday approved a social protection framework for the vulnerable segments of the society, ensuring that they were...
BoI to spearhead govt initiative to improve ease of doing business rankÂ
ISLAMABAD: With less than 200 days for the country to improve its ranking at the World Bank’s ease of doing business index,...
FBR lambasted for troubling late filers, salaried class
PEW president says masses are frequently cheated by the authorities after they are encouraged to become filers
ISLAMABAD:Â The Pakistan Economy Watch (PEW)...
Govt to reform institutions marred by corruption, nepotism: PM
PM lauds Railway Ministry for increasing the revenue by Rs 1.5 billion in three months
ISLAMABAD: Prime Minister (PM) Imran Khan on...
Govt mulling to appoint Arif Usmani as NBP CEO: Report
Mr Usmani has been serving at Mashreq Bank and his previous experience includes stints as global head of wholesale banking at Abu Dhabi Islamic Bank PJSC, managing director and country officer of Citibank NA Pakistan
Sarmaya-e-Pakistan to be established with Rs500 billion capital for take-over of SOEs
For resuscitating these SOEs, the incumbent government has decided to devise a relevant governance structure taking into consideration the best global practices implemented in Malaysia and Singapore
Volkswagen signs agreement for vehicle assembly in Karachi
The world’s largest automobile manufacturer in partnership with Premier Systems Private Limited, which is the authorized importer of Audi vehicles in Pakistan, will assemble Amarok, Transporter T-6, Caddy and Skoda in Pakistan
Malaysia agrees to fix trade imbalance with Pakistan
‘PM Khan has taken note of the good practices adopted by the Malaysian govt to track down corruption and white-collar crimes’
ISLAMABAD:Â The...
UBL to voluntarily wind-up its branch in New York
In July, UBL had been directed by Federal Reserve Bank of New York (FRBNY) to strengthen its anti-money laundering policies as the regulator criticized it for not doing enough to track dubious transactions