Current account deficit shrinks 51pc to $572m in April
KARACHI: The country’s current account deficit in April 2020 stood at $572 million, a decline of 50.9pc when compared to the $1.165...
SBP raises Rs75bn from Sukuk auction
KARACHI: The State Bank of Pakistan (SBP) has reported that the government raised Rs74.617 billion through auction of the five-year Government of...
Debt inquiry commission submits report to PM Imran
--Commission accuses govt high-ups of causing over Rs1tr losses to national exchequer
--Finds irregularities in serval important projects including Peshawar BRT, Nandipur Power...
Govt to present FY21 budget on June 12
ISLAMABAD: The federal government will present the federal budget for financial year 2020-21 before the National Assembly on June 12, sources said...
Forensic probe accuses major sugar mills of market manipulation, fraud
–Shahzad Akbar says sugar mills operating like 'cartels', six major groups control 51pc supply
–JDW among mills accused of underreporting sales; Tareen denies...
Patari appoints new CEO amid allegations of merit violation, nepotism
--Company's senior official shuns allegations, says recruitment process was completely transparent
--CEO Zarlasht Faisal says she is poised to take company towards greater...
Import of hazardous plastic scrap surges to 65,000 tonnes
Continuous increase in imports suggest Pakistan has become a dumping ground for global hazardous waste shipments
IMF says over 20 poor countries seek debt relief, extension possible
WASHINGTON: The International Monetary Fund said on Thursday that over 20 poor countries have requested relief from official bilateral debt under a...
SBP reserves drop $141m to $12.1bn
The foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $141 million to $12.129 billion on a weekly...
ICCI proposals to be considered in upcoming budget: FBR chief
Chairperson Nausheen Javed says tax refunds process will be accelerated to address liquidity constraints faced by business community
ECC approves country’s first Mobile Device Manufacturing Policy
--Policy includes removal of regulatory duty, fixed sales tax on CKD/SKD manufacturing by PTA-approved manufactures
--Locally manufactured phones to be exempted from 4pc...
‘Construction industry package to help uplift real estate sector’
ISLAMABAD: President Dr Arif Alvi said on Thursday that the government’s recently announced incentive package for the construction industry would also help...
Stocks end lower as investors remain cautious ahead of Eid holidays
KARACHI: The Pakistan Stock Exchange (PSX) moved within a narrow range ahead of Eid holidays, with the benchmark KSE-100 Index closing a...
Timely completion of CPEC projects govt’s top priority: FM
Foreign Minister Shah Mahmood Qureshi has said timely completion of China-Pakistan Economic Corridor projects is among top priorities of the government.
He was...
Govt to utilise Rs 10b from PM’s Covid-19 fund for interest payment
ISLAMABAD: In a shocking move, Prime Minister Imran Khan-led Pakistan Tehreek-e-Insaf (PTI) government has allowed to divert Rs10 billion from the PM’s...