Govt sets $20.86bn textile, apparel export target under new policy
ISLAMABAD: The federal government has set a target of $20.86 billion for textiles and apparel export during the next five years.
According to...
PM to sign joint appeal to WB for investing in trilateral railway venture
ISLAMABAD: Prime Minister (PM) Imran Khan will sign a joint appeal to the World Bank (WB) for investing around $4.8 billion in...
Trump administration bolsters order barring US investment in Chinese firms
WASHINGTON: The Trump administration on Monday strengthened an executive order barring U.S. investors from buying securities of alleged Chinese military-controlled companies, following...
China’s Yahua agrees five-year deal to supply lithium to Tesla
BEIJING: China’s Sichuan Yahua Industrial Group Co Ltd said on Tuesday it had signed a deal to supply battery-grade lithium hydroxide to...
India’s financial sector faces challenging times ahead
MUMBAI: India’s financial sector should brace for challenging times ahead with an increased risk of deterioration in asset quality and lower demand...
Historic oil price collapse worries headed into 2021
NEW YORK: This year was like no other for oil prices.
Even as global prices end the year at about $51 a barrel,...
SECP registers 16,929 new companies in FY20, posts 17pc growth
ISLAMABAD: The Security and Exchange Commission of Pakistan (SECP) registered 16,929 new companies in FY20, as compared to the previous corresponding financial...
Industrial production to reach historic levels in 2021: Hammad Azhar
ISLAMABAD: Minister for Industries and Production Hammad Azhar has claimed that 2021 will be a historical year for industrial production in the...
Federal govt increases power tariff by Rs0.18 per unit
LAHORE: The federal government has increased power tariff in the country by Rs0.18 per unit.
According to a notification issued by the federal...
ADB calls for decisive reforms to put Pakistan’s economy on track
Pakistan’s lack of export competitiveness, chronic fiscal deficits, and low labour productivity are the root cause of the country’s sizeable macroeconomic challenges,...
ECC allows relending foreign loans on same terms as borrowed
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has approved the relending of foreign loans on the same terms as borrowed...
KP cabinet approves revised industrial policy
PESHAWAR: The Khyber Pakhtunkhwa (KP) cabinet on Monday approved a revised industrial policy for industrial development, which it said would empower the...
Oil rises to touch $52 after Trump signs aid bill
WASHINGTON: Oil rose to hit $52 a barrel on Monday as US President Donald Trump’s signing of a coronavirus aid package and...
Govt urged to increase wheat support price to Rs1,800 per 40kg
ISLAMABAD: The National Assembly Standing Committee on National Food Security and Research (NFSR) on Monday asked the Ministry of National Food Security...
NEPRA increases power tariff as govt moves to implement IMF conditions
National Electric Power Regulatory Authority (NEPRA) on Monday announced a hike in power tariffs for three state-owned power distribution companies as the...