PSX is one of the world’s best stock markets: Hafeez Shaikh
ISLAMABAD
Advisor to Prime Minister on Finance, Hafeez Shaikh, on Monday expressed full confidence in the Pakistan Stock Exchange (PSX), calling it one...
E-commerce creates jobs, reduces inequality in developing countries: report
ISLAMABAD: E-commerce can flourish in developing countries and in rural areas and be a powerful instrument to create employment for semi-skilled workers,...
Pakistan fails to get $14 billion loan from donor agencies owing to negligence of bureaucracy
ISLAMABAD: Pakistan could not receive around $14 billion loan from major donor agencies such as World Bank (WB) and Asian Infrastructure Investment...
Export of ready-made garments increase 12pc to reach $906 million
ISLAMABAD: Export of ready-made garments during the first four months of current fiscal year grew by 12 percent as compared to the...
Serious steps needed to cut loan dependence as debt servicing crosses $3b figure: BMP
LAHORE: The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has asked the government to take...
Govt lauded for controlling external deficit
ISLAMABAD: The Pakistan Economy Watch (PEW) on Sunday lauded the government for efforts to contain external deficit which has resulted in a...
Pakistan cancels licenses of over 25,000 NPOs to meet FATF conditions
ISLAMABAD: As it needed to submit another progress report by February 2020 for next review by the Financial Action Task Force (FATF),...
AIIB approves $511.81 million for Pakistan’s infrastructural projects
ISLAMABAD: Asian Infrastructure Investment Bank (AIIB) will finance $511.81 million for four projects for the infrastructural development in Pakistan, mainly related to...
Pakistan wins Rs1bn in damages against Chinese energy company
ISLAMABAD: Pakistan has clinched a favourable ruling in an international court regarding the country’s one billion rupees of liquidated damage claim against...
World Bank committed to fund research projects in Pakistan
LAHORE: World Bank on Saturday expressed its commitment to finance research projects in Pakistan, which are aimed at to improve socioeconomic development...
Govt to support local industry through lucrative incentives: Dawood
Adviser to Prime Minister on Commerce and Textile Abdul Razak Dawood said on Saturday that the government was making policies to increase...
KSE-100 closes volatile week in green
KARACHI: The Pakistan Stock Exchange (PSX) witnessed volatility throughout the outgoing trading week, as the benchmark KSE-100 Index changed directions on a daily...
Iran asks Russia to provide $2bn loan for power plants, railroads
MOSCOW: Iran has asked Russia to provide an additional $2 billion loan for projects including the construction of thermal power plants, hydroelectric power...
Asad Umar terms US concerns over CPEC ‘factually incorrect’
'Our total public debt right now is $74bn of which Chinese debt amounts to $18bn – even less than one-fourth of the total debt'
FBR to launch POS system for mega retailers next month
All asked all large-scale retailers to integrate with the system