Pak-China fibre optic cable set for opening today
The projects total cost is projected at $44 million and 85 percent of the loan has been provided by Exim Bank of China at a discounted rate
Fed asks United Bank to strengthen anti-money laundering policies
No civil penalty has been imposed on UBL, read the stock market notification
SBP tightens access to foreign exchange as dollar reserves drop
Pakistan’s central bank has increased the amount of red tape needed to access dollars
Imports touch record high of $60.898 billion in FY18
Also, the trade deficit of the country touched a record high of $37.670 billion in FY18 compared to $32.488 billion in FY17
Ogra awards $370 million oil pipeline contract to FOC
In violation of the rules laid down by ECC which clearly state any oil pipeline project has to ratified by the federal cabinet, OGRA awarded the licence to Frontier Oil Company
Rs577b foreign assets, Rs1,192b domestic assets filed under amnesty scheme: Finance ministry
Unprecedented response witnessed to the Amnesty Scheme, claims ministry
Pakistan’s debt-to-GDP ratio projected at alarming 74pc, expected to increase further by year end
ISLAMABAD: With an alarming projection, caretaker Finance Minister Dr Shamshad Akhtar painted a worrying economic picture and said that the total public...
Topsun Motors, Pak-China Motors accorded Greenfield status
Topsun Motors will setup assembly plant in Multan, the company has signed an exclusive cooperation agreement with Chongqing Big S&T Dev Group Ltd & Mianyang Huarui Automotive Co. Ltd. China for the production of LCVs with an initial investment of Rs5.43 million
Summit Bank reiterates operations running smoothly and efficiently
SBP in a press release said the rumours circulating about Summit Bank in the media, especially social media were baseless and misleading besides advising the public and depositors of the bank to not pay any heed to such rumours
Cement manufacturers jack up prices by Rs15-20 per bag in northern region
As global prices of coal have surged, the cement manufacturers to protect their bottom lines passed on the impact to the consumers by raising prices in the region of Rs15-20 per bag
22 projects worth $28.6 billion under implementation: Dr Shamshad
At least 22 projects worth $ 28.6 billion are under implementation which included 15 energy projects under the multibillion-dollar China-Pakistan Economic Corridor (CPEC).
Pak Suzuki to retire Mehran VX from November
ak Suzuki has in a notification to its dealers nationwide announced that it will be discontinuing Mehran VX Model SB-308 (without air-conditioner) from November this year
Hi-Tech Alloy Wheels Ltd set to get listed on PSX
Loads Limited become the first auto-parts manufacturer company in Pakistan to begin manufacturing of alloy wheels, which were previously being imported by car assemblers for their high-end vehicles
$300 million tax retrieved under amnesty scheme till now: Bajwa
The credit to the farming sector witnessed a 37 percent rise, reaching Rs964 billion and a considerable increase in credit to small industries was observed, said Bajwa
Lawai to remain as PSX chairman: Report
Mr Lawai was taken into custody on Saturday by the Federal Investigation Agency (FIA) over a money laundering case of Rs35 billion