USA budget deficit hits $3tr record
WASHINGTON: The United States of America (USA) budget deficit hit an all-time high of $3 trillion for the first 11 months of...
Moody’s downgrades Turkey to ‘B2’ with ‘negative’ outlook
NEW YORK: Moody's Investor Services downgraded Turkey's credit rating deeper into non-investment grade territory, citing its worsening external vulnerabilities, eroding fiscal buffers...
SECP responds to allegations of inadequate data protection
ISLAMABAD: Securities & Exchange Commission of Pakistan (SECP) has taken note of the baseless and unwarranted allegations that information displayed on its...
FPCCI seeks competitive energy rates for all industrial sectors
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI), opposing the Economic Coordination Committee’s (ECC) decision of raising power tariff for...
Importers warn of higher sugar prices
Warning of high prices, importers have urged the government to remove sales tax on sugar so that they can initiate the import...
US economy is improving, weeks before the election. Will Trump benefit?
WASHINGTON: The US labour market and broader economy made some gains this week, which history shows should be good news for President...
Pakistan seeks relief over $5.8bn fine in Reko Diq mining lease case
ISLAMABAD: Pakistan is seeking the reversal of a $5.8 billion penalty imposed by an international tribunal for denying a mining lease to...
Zaidi, Umurzakov discuss utilisation of seaports to connect CARs to world
ISLAMABAD: Pakistan and Uzbekistan have discussed the establishment of trade routes and utilisation of Pakistani seaports to connect Central Asian Republics to...
Sindh CM approves Rs700m grant for rehabilitation of rain affectees
KARACHI: Sindh Chief Minister Syed Murad Ali Shah has approved Rs700 million grant for relief work being carried out in the rain...
NBP president dismisses MNA Ahsan Iqbal’s allegations of money laundering
KARACHI: Arif Usmani, the President and CEO of the National Bank of Pakistan, categorically denied allegations that he had been involved in money...
Federal cabinet declines ratification of 799 illegal appointments
ISLAMABAD: Federal cabinet has so far refused to ratify 799 illegal appointments of officials in different ministries and divisions since August 2016,...
SSGC to stop gas supply to hospitals over pending payments
KARACHI: The Sui Southern Gas Company (SSGC) has decided to stop gas supply to the city's biggest government hospitals over failing to...
Covid-19 boosts online trading of automobiles in Pakistan
ISLAMABAD: During the period when lockdown was imposed and showrooms, markets and weekly bazaars remained closed across the country, the online trading...
Pakistan to host meeting of audit heads from SCO countries
ISLAMABAD: The department of Auditor General of Pakistan (AGP) will host the fifth high-level meeting of the heads of Supreme Audit Institutions...
Pak envoy invites Chinese entrepreneurs to take advantage of SEZs
BEIJING: Pakistan Ambassador to China, Moin ul Haque has invited Chinese businessmen to take advantage of the dividends of Special Economic Zones...