CPEC can add an extra 14pc to Pakistan’s GDP in ten years: World Bank
(Updated 01:51 PST)
ISLAMABAD: Mega projects like China's Belt & Road Initiative (BRI) and the China-Pakistan Economic Corridor (CPEC) can prove to be...
Rs96 billion dispersed to 1,320 companies through SBP’s refinance scheme: Reza Baqir
KARACHI: A total 1,320 companies have availed State Bank of Pakistan’s (SBPs) refinance scheme and a sum of Rs96 billion has been...
Economic Survey to be unveiled on Thursday
ISLAMABAD: The federal government is all set to unveil the pre-budget document, Economic Survey of Pakistan 2019-20 on Thursday June 11.
The document...
Payment transactions volume falls 4.2pc in third quarter: SBP
KARACHI: The total payment transactions in Pakistan showed a decrease of 4.2 percent by volume and 3 percent by value in the...
Government, IMF reach consensus to increase salaries, pensions
LAHORE/ISLAMABAD: The Pakistan government and the International Monetary Fund (IMF) reached a consensus on Tuesday, on not putting a freeze on the...
PIA incurring Rs6bn loss per month, PM told
ISLAMABAD: Pakistan International Airlines (PIA) Chief Executive Officer Air Marshal Arshad Malik on Monday apprised Prime Minister Imran Khan that in the...
Govt devises plan to attract $5bn FDI in oil and gas industry
ISLAMABAD: The government has devised a plan to attract foreign direct investment (FDI) of $5 billion for the exploration and production of...
FY21: IMF agrees to slash FBR’s tax target to Rs4.9tr
ISLAMABAD: The International Monetary Fund (IMF) has agreed to slash the Federal Board of Revenue's tax collection target to Rs4,900 billion for...
Govt fails to rationalise tariff structure despite tall claims
ISLAMABAD: Despite making tall claims about 'tariff structure rationalisation after due consultations with stakeholders', the commerce ministry, industries & production ministry and...
Covid-19 global recession worst since World War II: WB
Pakistan’s GDP expected to contract 2.6pc for FY20, 0.2pc for FY21
Omar Ayub irked over fuel shortage, forms body to identify ‘black marketers’
--Minister claims some elements creating 'artificial shortage of fuel' only to maximise their profits
--Orders cancellation of OMCs' licences if anyone found negligent
ISLAMABAD:...
‘Petrol stocks continuously being replenished by OMCs’
--OCAC says 50pc growth in sales post-corona lockdown had caused depletion of stocks
--Requests consumers not to resort to 'excessive buying'
KARACHI: On behalf...
Karachi to receive additional 1,400MW electricity by 2023: Asad Umar
ISLAMABAD: Planning, Development and Special Initiatives Minister Asad Umar said on Monday that Karachi city would receive additional 1,400MW electricity by 2023.
He...
Government to finalise budget on June 8
The government is set to finalise the outlay for the federal budget 2020-21 on June 8 in a meeting of the National...
CDWP cuts ML-1 cost by $2bn, seeks ECNEC’s approval
–Source says govt intends to collaborate with private enterprises on some portions of railways track
–CDWP approves 13 projects worth Rs36.18bn
ISLAMABAD: With a major...