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

Affluent people seek declaration of foreign assets at 2 percent tax

By end of last month, over $6 billion of overseas assets had been declared by Pakistani nationals on which they paid $290 million in taxes and the amnesty scheme has been extended to the 31st of July earlier this month

CAA halts Shaheen Air’s Islamabad-Dubai-Islamabad route

In a letter served to SAI on Monday, CAA directed the airline to intimate the affected passengers accordingly to avoid any inconvenience.

Market Daily: KSE 100 index drowns in a sea of red with a 1,000-point plunge

By mid-day, the fall was already above 1,000 points – the second such in successive weeks thus far.