Finance adviser, SBP governor meet IMF, WB officials in Washington
Adviser to Prime Minister on Finance & Revenue Dr Abdul Hafeez Shaikh and State Bank of Pakistan Governor Dr Reza Baqir spent...
‘Only $2.3bn, not $10.8bn, added to external public debt’
Govt rebuffs media report, says net addition to public debt in FY19 was lowest in last three years
The Economic Affair Division...
Samsung’s delayed Galaxy Fold now ready for Sept launch
SEOUL: Samsung Electronics Co Ltd’s first foldable smartphone, the Galaxy Fold, will go on sale from September in selected markets after the launch...
Germany to provide €12m grant for healthcare development in KP, GB
ISLAMABAD: Economic Affairs Division Secretary Noor Ahmed and German Development Bank (KfW) Country Director Wolfgang Moeller on Thursday signed financing agreements for Social...
FBR refutes media reports regarding exorbitant WHT on rickshaws, bikes
The Federal Board of Revenue (FBR) on Thursday strongly refuted reports that the government has imposed withholding taxes (WHT) to the tune...
Japan to provide Rs478m grant for human resource development in Pakistan
Under the grant programme, Japan will offer scholarships for master and doctoral degrees to the young and capable govt officials
ISLAMABAD: Economic Affairs...
India’s auto parts makers warn of 1 million job cuts if slowdown continues
NEW DELHI: India's auto parts industry could be forced to slash a fifth of its 5 million or so workforce if the...
Total plans $5bn in asset sales as second-quarter profit falls
PARIS: French energy giant Total will sell around $5 billion worth of assets, mostly from its upstream exploration and production business, as...
Stocks stay flat in range-bound trading
KARACHI: The Pakistan Stock Exchange (PSX) ended flat on Thursday amid a range-bound and volatile trading session.
Continuing with the buying trend, foreign investors...
Sold! SBP auctions PIBs worth Rs 304.4b
The State Bank of Pakistan (SBP) on Wednesday auctioned Pakistan Investment Bonds (PIBs) worth Rs 309.415 billion for 3, 5 and 10...
Auto industry might lose 10-15pc direct jobs
The auto industry is facing mass lay offs in the face of the current financial crunch, and may be looking at losing...
LSM sector shrinks by 3.78pc
The large-scale-manufacturing (LSM) sector of Pakistan has contracted by as much as 3.78 percent since May 2018 as the fertiliser, leather, pharmaceutical,...
Public debt rises by $10.841b in FY18-19
A whopping $10.814 billion has been added to the public debt in the past year by the incumbent Pakistan Tehreek i Insaaf...
‘No CNIC condition for women purchasing goods worth over Rs50,000’
Human Rights Minister Dr Shireen Mazari on Wednesday rebuffed the impression that the Federal Board of Revenue (FBR) has made it mandatory...
LSMI production falls 3.5pc in 11 months FY19
ISLAMABAD: The overall output of large-scale manufacturing industries (LSMI) in the country during the first 11 months of the preceding year (2018-19)...