Various hydropower projects along River Indus neglected due to govt inefficiencies
ISLAMABAD: The previous government of Pakistan Muslim League Nawaz (PML-N), which facilitated the coal, LNG and solar powered plants to meet the...
World Bank’s insurance arm issues guarantee for $66m loan to Sojitz Corporation
The guarantee issued by WB’s insurance arm will assist the construction, design and operation of a Hyundai vehicle assembly plant to be established in Lahore
SBP may object to making ‘Wealth Fund’ for privatising PSEs: economists
ISLAMABAD: While the finance minister-in-waiting Asad Umar has claimed that his government during its first 100 days, will create a ‘wealth fund’ to...
Pakistan’s forex reseves decrease by $74.70mn
According to data released by the State Bank of Pakistan (SBP), the total liquid foreign reserves held by the country stood at...
Pakistan likely to borrow more than $4b from Saudi bank
ISLAMABAD:Â A Saudi-backed Islamic Development Bank (IDB) is poised to lend Pakistan more than $4 billion to revive the nuclear nation's depleting foreign...
Dr Shamshad Akhtar likely to be posted Deputy Chairman Planning Commission in next govt
Various economists, bankers have also started lobbying for the post of SBP Governor: sources
Finance minister-in-waiting given dossiers to tackle economic challenges
ISLAMABAD: The incumbent Minister of Finance has given important dossiers to the finance minister-in-waiting in the coming PTI-led government, Asad Umar, regarding...
China interested in joining TAPI pipeline project – Pakistan official
ISLAMABAD: China is exploring building a spur from Pakistan’s territory once the multi-country TAPI natural gas pipeline project begins operating, a Pakistani official...
Pakistan defends economic partnership with China
ISLAMABAD:Â Pakistan defended its economic partnership with China, amid fears that the terms of opaque multi-billion dollar investments by Beijing could be exacerbating...
SECP approves vital regulations for capital market, corporate governanceÂ
ISLAMABAD:Â Â The Securities and Exchange Commission of Pakistan (SECP) in its Commission meeting has passed regulations concerning capital market, insurance and corporate governance.
In...
Imran vows drastic measures to overcome economic challenges
PESHAWAR: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan Tuesday vowed to take drastic measures, including curtailing expenditure on the VVIP culture, to overcome...
Pakistan to decide whether to seek IMF bailout ‘by September’
Pakistan is teetering on the verge of a new balance-of-payments crisis which could threaten its currency and its ability to repay debts or pay for imports (Shoulder)
Summit–Sindh Bank merger takes another turn, share swap ratio revised again
Ahsan Raza Durrani appointed as acting president and chief executive officer/executive director as Sindh Bank-Summit Bank merger has come under scrutiny due to alleged financial irregularities.
Pakistani companies get equal share in CPEC: report
ISLAMABAD: Since the beginning of the massive China-Pakistan Economic Corridor
(CPEC) project, there has been occasional criticism, including some complaints that projects under...
Experts confident in state of economy, markets despite jittery history
PSX’s post-election rally hit a brick wall just when US Secretary of State Mike Pompeo poured cold water on the IMF plan.