Big industry contracts 5.9pc in 3MFY20
ISLAMABAD: Despite positive economic indicators like reduction in current account deficit and jump in the stock exchange, the fall in Large Scale Manufacturing...
PayPal not ready to tap Pakistani market
A delegation from the Ministry of Information Technology visited the United States last month to convince international online payment company, PayPal, to...
CPEC to focus on welfare of masses: Asad Umar
Planning Minister Asad Umar has said that ongoing phase of the China-Pakistan Economic Corridor (CPEC) would bring about socio-economic benefits for the...
‘Furniture city to be set up near Chiniot’
LAHORE: Punjab Industries & Trade Minister Mian Aslam Iqbal has said that a furniture city would be established on 200 acres of land...
SBP keeps policy rate unchanged at 13.25pc
The State Bank of Pakistan (SBP) has decided to maintain the policy rate at 13.25pc for the next two months.
In a statement...
Punjab excise department undergoes overhaul
LAHORE: Punjab Excise, Taxation and Narcotics Control (ET&NC) Director General (DG) Zahid Hussain has transferred and posted 21 officers of the department...
Pakistan urged to honour int’l conventions before GSP-Plus review
ISLAMABAD: The civil society has urged the government to ensure compliance of all international conventions on climate change, human and labour rights before...
SBP reserves up $45m to $8.44bn
The foreign exchange reserves held by the central bank rose 0.5pc on a weekly basis, according to data released by the State...
Iran keen to enhance trade ties with Pakistan: envoy
ISLAMABAD: Ambassador of Iran Mehdi Honardoost on Thursday met Adviser to Prime Minister on Commerce Abdul Razak Dawood in Islamabad to discuss...
‘CPEC an important milestone towards Pakistan’s development’
President Dr Arif Alvi on Thursday termed China Pakistan Economic Corridor (CPEC) as an important milestone in the journey towards development, as...
Govt jacks up power price by Rs1.83 per unit
The National Electric Power Regulatory Authority (NEPRA) on Thursday notified Rs1.83 per unit increase in electricity tariff under monthly fuel price adjustment...
As others predict unchanged monetary policy, BMA expects 50bps rate cut
As the State Bank of Pakistan (SBP) is all set to announce its monetary policy for the months of November and December...
PIA adds new aircraft to its fleet
KARACHI: Pakistan International Airlines (PIA) has added a new aircraft – Airbus A320 – to its fleet, the national flag carrier confirmed on...
PSX outperforms world stock markets in three months
ISLAMABAD: Pakistan stocks have outperformed the world's leading stock markets during the last three months due to the government's steps to stabilise economy,...
PIA caused Rs321m loss to national exchequer: audit
ISLAMABAD: Pakistan International Airlines Corporation (PIAC) has drowned Rs321 million of the national exchequer as the airline failed to recover the money from...