IMF, Pakistan reach staff-level agreement for $450m tranche
WASHINGTON:Â Pakistani authorities and the International Monetary Fund (IMF) staff have reached an agreement that could pave the way for a disbursement of...
Huawei to build first European 5G factory in France to soothe Western nerves
PARIS: Huawei will build its first European manufacturing plant in France, the chairman said on Thursday, as the Chinese telecom giant seeks...
Oil prices slide to lowest in a year
KARACHI: Oil prices fell for the fifth consecutive day on Thursday, reaching their lowest since January 2019 as new cases of the...
Pak-Afghan entrepreneurs call for tapping bilateral business potential
ISLAMABAD: The participants of a conference on Thursday underlined the need to bridge a communication gap between the governments of Pakistan and...
Govt lauded for lowering power tariff for export sector
ISLAMABAD: The Pakistan Hosiery Manufacturers and Exporters Association (PHMA) and the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) on Thursday lauded...
CAA’s latest initiative may harm PM’s tourism plan
KARACHI:Â The Civil Aviation Authority (CAA) is looking at the possibility of suspending flight operations from 12 am to 6 am across the...
Govt mulls deregulating LNG sector to facilitate textile industry
'Import of LNG at competitive rates will help textile millers rationalise their production costs'
SBP reserves up $87m to $12.6bn
KARACHI:Â Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased $87 million to $12,591.5 million during the week ending February...
ePay Punjab fetches Rs1bn revenue in five months
LAHORE: ePay Punjab, the first-ever government payment aggregator for citizens’ facilitation and ease of business, has collected over Rs1 billion in tax...
Coronavirus scare takes over stock market
KSE-100 recorded its biggest intraday loss in a year, but recovered most ground to close 251 points lower
NPLs rise 11.8pc to Rs776bn in Dec 2019
KARACHI: The non-performing loan (NPLs) within the banking industry increased by 11.76pc YoY to Rs776 billion at the end of the last...
FATF ‘grey list’ poses credit risks to Pakistani banks: Moody’s
KARACHI: Pakistan’s banking system faces credit risk from the country’s continued inclusion on the Financial Action Task Force’s (FATF) ‘grey list’ of nations,...
Microsoft expects financial hit from China virus
NEW YORK: Microsoft has lowered its revenue estimates for the current quarter, saying it will feel the impact of the coronavirus epidemic...
FBR asked to incorporate PSA proposals in next budget
ISLAMABAD: To address grievances and put genuine demands of the Pakistan Stock Exchange Stockbrokers Association (PSA) in the next fiscal budget, the...
PTI govt postpones plan to raise $3b through Eurobonds
ISLAMABAD: Despite in the current budget estimates, the Pakistan Tehreek-e-Insaf government has postponed a plan to raise $3 billion through the launch...