SBP raises interest rate by 100bps to 13.25pc
--SBP governor says decision taken keeping in view upside inflationary pressures from exchange rate depreciation
KARACHI: The State Bank of Pakistan...
China says Trump ‘misleading’ people linking trade deal, slowing economy
BEIJING: China on Tuesday rebuffed a suggestion from US President Donald Trump that Beijing needs a trade deal with the United States...
Gulf conflict would see oil prices spike, ease, jump again: research
LONDON: Oil would initially jump by $15-20 a barrel if Iran blocked the Strait of Hormuz, but prices would ease immediately once...
Canada set to postpone Huawei 5G decision to after vote, given sour ties with China – sources: Reuters report
OTTAWA: Canada is likely to postpone a decision on whether to allow China’s Huawei Technologies Co Ltd to supply 5G network equipment...
China’s Xiaomi continues chip strategy revamp with investment in semiconductor designer
SHANGHAI: China’s Xiaomi Corp (1810.HK) has taken a stake of roughly 6% in compatriot chip designer VeriSilicon Holdings Co Ltd, as the...
Asian shares creep higher as wary investors await U.S. data, earnings
SHANGHAI: Most Asian stock markets rose on Monday, but gains were limited as investors awaited U.S. retail sales data and corporate earnings...
Gold price soars by Rs 1000, traded at Rs 82,600 per tola
LAHORE: The per tola price of 24 karat gold soared by Rs1000 on Monday and was traded at Rs82,600 as compared to...
ECNEC approves cost revision for Dasu project’s land acquisition
ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) on Monday approved ‘Dasu Hydropower Project (stage 1) revision of cost for...
European companies eager to invest in Pakistan: PM’s aide
ISLAMABAD: Prime Minister’s Spokesperson on Trade and Investment for the UK and Europe Sahibzada Aamir Jahangir said on Monday that world-renowned multinational...
Govt mulls viable policy to ensure competitive rates of cotton for textile sector
ISLAMABAD: An Inter-Ministerial Meeting (IMM) on cotton was held in the Commerce Division on Monday to deliberate upon the issues pertaining to...
SBP calls for deep-rooted structural reforms to ensure economic stability
--'Govt's policy measures affected the performance of industrial sector and dampened manufacturing activities in FY19'
While Pakistan’s economy moved along the
stabilization phase led...
Govt to lay foundation stone of Lai Expressway soon: minister
RAWALPINDI: Railways Minister Sheikh Rasheed Ahmed said on Monday that the government would lay the foundation stone of Lai Expressway soon, as...
FBR’s revenues to surge to Rs10.5tr by 2023-24: IMF
--'Rapid growth of tax revenues will be ensured through policy measures committed by Pakistani authorities'
ISLAMABAD: The International Monetary Fund (IMF) has...
Sri Lanka keen to enhance trade ties with Pakistan: envoy
LAHORE: The Lahore Chamber of Commerce & Industry (LCCI), in collaboration with the Sri Lankan High Commission, organised a 'catalogue show' at...
Huawei planning major job cuts in US: WSJ
BEIJING: Chinese telecoms giant Huawei, which is subject to US sanctions over concerns about its ties to the government in Beijing, is planning...