Global economic slowdown may hit exports, bank advances: SBP
KARACHI: The State Bank of Pakistan (SBP) has said that the projected slowdown in global economic activity, particularly in the US and...
Govt may increase yield on tax refund bonds
KARACHI: The government may increase yield on tax refund bonds to make their trade attractive in financial markets, reported The News.
The finance...
World Bank president to visit Pakistan as country makes progress on EODB reforms
ISLAMABAD: World Bank (WB) President David Malpass will visit Pakistan by the end of the current month to celebrate the country’s inclusion...
Govt’s efforts to ensure long-term benefits for businesses: MOF
ISLAMABAD: The Ministry of Finance has said that the government’s macroeconomic adjustment and demand management policies for stabilization have started making an...
FBR establishes sales tax monitoring cell in Karachi
ISLAMABAD: Keeping in view the declining trend in sales tax payments during the first quarter of the Financial Year 2019-20, the Federal Board...
Shanghai Electric to invest $4bn in Thar power plants
Shanghai Electric, a Chinese company, will invest $4 billion for the establishment of two more 1,320MW power plants at Thar Coal Block-I,...
Govt fails to devise revival strategies for PSM, USC
ISLAMABAD: Although the Pakistan Tehreek-e-Insaf (PTI) leaders have been criticising the previous governments for "failing to devise a strategy to revive the loss-making...
Imran invites joint investments under CPEC
KARACHI: Prime Minister Imran Khan on Monday expressed support for joint investments in various sectors under the China-Pakistan Economic Corridor (CPEC), as he inaugurated...
BOP’s pre-tax profit surges 18pc to Rs10.5bn
The Bank of Punjab (BOP) Board of Directors recently approved the unaudited financial statements for the nine months ended September 30, 2019.
The...
‘Dutch companies keen to invest in Pakistan’s maritime, agri sectors’
ISLAMABAD: Dutch Human Rights Ambassador Dr Bahia Tahzib-Lie, along with Ambassador of the Netherlands to Pakistan Wouter Plomp, called on Advisor to Prime...
Steel manufacturers demand ban on import via land routes
ISLAMABAD: As the smuggling of steel items continues at Iran and Afghan borders under the garb of some "certain rules", the steel...
India to build solar, wind farms along Pakistan border
MUMBAI: India plans to build a string of renewable energy projects along its sun-baked, wind-whipped western border, officials said on Monday, as New...
Textile exports up 3pc to $3.37bn in Q1 FY20
ISLAMABAD: Textile exports from the country increased by 2.95pc during the first quarter of the current fiscal year (July-Sept FY20) compared with the...
China seeks $2.4bn in sanctions against US in Obama-era case: WTO
GENEVA: China is seeking $2.4 billion (£1.9 billion) in retaliatory sanctions against the United States for non-compliance with a WTO ruling in a...
NAB forms six-member committee to address businessmen’s ‘valid complaints’
ISLAMABAD: The National Accountability Bureau (NAB) on Monday formed a six-member committee for the improvement of the economy and to address the reservations...