Pakistan set to get $1-2 billion from China to boost forex reserves
In the past three weeks, reserves have declined by $1.2 billion and now stand at two months worth of import cover
Exporters not following packaging standards for mango exports
ISLAMABAD: With the commencement of mango exports from May 12, registered exporters have complained that mangoes are largely being exported without following the...
SBP raises policy rate by 50 basis points to 6.5 percent
Pakistan's economic growth provisionally was expected to reach a thirteen-year high of 5.8 percent for outgoing financial year 2017-18
Auto sales may decline, after barring non-tax filers from purchasing cars
An industry source said data of the filers would now be utilized to purchase cars which would contribute to the practice of premium or ‘own-money’ amount rising
Pakistan doubles size of currency swap agreement with China: SBP
Pakistan obtained $1.5 billion from China during the first ten months of the current financial year 2018-19.
Is Dewan Yousuf serious or will he hoodwink everyone yet again?
The Group faces a serious credibility crisis as it turns down offers for its cement plants for the umpteenth time – even the lucrative Mega offer – raising doubts about its intent to sell and settle the default.
The Black Sheep of the White Hat community
During our investigation into the recent security breach at Careem, some industry sources highlighted a faction of the white hat community that exploits startups that are vulnerable to cyber attacks, prompting Profit to look into how ethical these ‘ethical hackers’ really are.
What makes Syed Babar Ali tick
The Life Story of a Man of Substance
APMDA demands CCP to investigate banks, car manufacturers in late delivery of vehicles
APMDA has demanded from the CCP to direct the banks and the car manufacturers in Pakistan to submit the details of all bookings of vehicles as it is the primary reason for the late delivery of the vehicles.
Sindh unveils Rs1.1 trillion budget
he province will run a deficit of Rs20.4 billion in 2018-19, although budget documents indicate a likely increase of 16.2 per cent in its total receipts.
Murad Ali Shah presents Sindh’s budget of Rs1.14 trillion
Sindh Chief Minister Murad Ali Shah on Wednesday presented the Sindh’s provincial budget for Q1FY1028-19 with a total outlay of Rs1.14 trillion.
German ambassador’s pictures on Twitter dismiss security concerns in Pakistan
Federal Republic of Germany Ambassador to Pakistan Martin Kobler said that when he first came to Lahore, instead of using a car, he took a train from the Rawalpindi Railway Station to reach the city costing him a mere Rs700. This, however, goes against the image of Pakistan that is portrayed abroad in an unfair manner, and does not reflect reality, the German ambassador added, stressing the need for politicians from both sides to work on improving the perception.
Senate presents 77 recommendations to NA over Budget 2018-19
The Senate on Wednesday recommended some 77 proposals to the National Assembly including the increase in petroleum development levy which may be restricted to an increase of 25 per cent over the existing rates, along with tax rates on individuals to be increased.
NA panel criticises government for not increasing cigarette prices
“It is unfortunate that recommendations were made by the committee and the state minister had assured to abolish the third tier on cigarettes – but it did not happen in the budget” PANAH Dr Wajid Ali said.
Market Daily: Indices feel the heat post budget, sheds 271pts
Having lost 680.33 points intraday to reach levels of 43,386.63, market bulls tried hard to stage a recovery after noon. Their efforts paid off to some extent and the index ended short of 271.96 points at 43,795.00.