PM reduces prices of petrol, diesel
LAHORE: In the latest development, on the recommendations of Oil and Gas Regulatory Authority (OGRA), the Prime Minister of Pakistan, Imran Khan...
KKH-II Expressway Project on track, attains 55 percent completion stage
KKH Phase-II is one among dozens of early harvest projects of the game-changing China-Pakistan Economic Corridor (CPEC) in Khyber Pakhtunkhwa Province as the Expressway plays a linchpin role in connecting Gwadar Port to the Chinese city of Kashgar
Energy ministry recommends drastic cut of Rs22.94 in diesel price
Oil and Gas Regulatory Authority has proposed a decrease of Rs6 in the price of HSD to Rs106 per litre, Rs2 in the price of petrol to Rs93 per litre, 30 paisa in kerosene oil to Rs83.25 per litre and 70 paisa in the price of light diesel oil to Rs76 per litre
Finance Minister Asad Umar updates PM on condition of country’s economy
According to high-ranked government sources, if Pakistan doesn’t seek an IMF bailout, then the import of oil on deferred payments and rollover of maturing loans could be the preferred choices to cope with external sector challenges
Pakistan’s leading lock screen app Slide set to be acquired by S.Korean Buzzvil
The application that raised $1.2 million as seed round and $3.6 million in Series A funding had over 7 million users as of February 2018 since its launch in Pakistan and India in 2015
CLSA Ltd returns to Pak after 17 years, buys minority stake in Alfalah securities
KARACHI: The Hong-Kong based CLSA, the CITIC Securities Company, entered into a joint venture with Bank Alfalah today, to buy a 24.9...
What does China want from CPEC?
The history of China and the United States and how it explains what Beijing is doing pouring so much money into Pakistan
Battle of the Beverages: Will Coke Studio help Coca Cola slay the Pepsi dragon?
Coca Cola may be the global giant, but it remains the underdog in Pakistan; Coke Studio, however, is helping the company catch up in market share with its rival
How the private sector killed off the MQM
The political party died when its reason for existence – securing access to middle-class government jobs – was made redundant by a rising private sector
Circular debt in power sector surges to record high of Rs1.155 trillion
Line losses were recorded at 18.3 percent against an allowed limit of 16.3 percent, with the additional cost of Rs196 billion per annum passed unfairly onto consumers
Planning Ministry kicks out officer who refused to follow orders
Mr Cheema had voiced reservations over the revisions carried out by the secretary on the distribution of official works without prior go-ahead of the National Economic Council (NEC)
PTI’s economic team to be largely Karachi-centric
The appointments of heads of key financial institutions are also expected to be from Karachi, the economic hub of the country.
Moody’s projects Pakistan’s current account deficit at 4.8 percent of GDP in FY19
Moody's said about one-third of government debt was denominated in foreign currency and its gross borrowing requirements stood around 27-30 percent of GDP, the highest amongst rated sovereigns
FBR amasses record withholding tax of Rs3.84 billion on school fee in FY18
According to FBR officials, the rise in revenue collection was made possible by an increase in tuition fees by educational institutions in FY18
Focus isn’t on stabilizing economy using money stashed overseas: Asad Umar
The finance minister indicated this policy was to disincentivize those people who sought to earn money from illicit practices and launder it overseas