Circular debt in power sector surges to record high of Rs1.155 trillion
Line losses were recorded at 18.3 percent against an allowed limit of 16.3 percent, with the additional cost of Rs196 billion per annum passed unfairly onto consumers
Planning Ministry kicks out officer who refused to follow orders
Mr Cheema had voiced reservations over the revisions carried out by the secretary on the distribution of official works without prior go-ahead of the National Economic Council (NEC)
PTI’s economic team to be largely Karachi-centric
The appointments of heads of key financial institutions are also expected to be from Karachi, the economic hub of the country.
Moody’s projects Pakistan’s current account deficit at 4.8 percent of GDP in FY19
Moody's said about one-third of government debt was denominated in foreign currency and its gross borrowing requirements stood around 27-30 percent of GDP, the highest amongst rated sovereigns
FBR amasses record withholding tax of Rs3.84 billion on school fee in FY18
According to FBR officials, the rise in revenue collection was made possible by an increase in tuition fees by educational institutions in FY18
Focus isn’t on stabilizing economy using money stashed overseas: Asad Umar
The finance minister indicated this policy was to disincentivize those people who sought to earn money from illicit practices and launder it overseas
Emerging markets may lose their friendly banker
Need a loan? Don’t call China.
Rasheed woos investors, says railways is ‘open for business’
ISLAMABAD: Newly-appointed Railways Minister Sheikh Rasheed on Monday said he will need at least four months to bring Pakistan Railways "back up...
United Auto’s gearing to launch 800cc Bravo hatchback by 1st September: Report
In November last year, United Auto Industries announced it was venturing into car manufacturing and was gearing up to launch an 800cc car
China offers Pakistan to trade in yuan, help decrease trade deficit
Sources quoting the Chinese ambassador said Beijing was contemplating to invite new Prime Minister Imran Khan as a guest of honour for China Import Fair set to be held in November 2018
SBP stipulation creates oversupply of dollars and other currencies
The central bank seems happy with the present scenario, as the kerb market US dollar rate hovers below the inter-bank market rate and there is no adjustment as per market rate
New Pakistan PM Khan calls for austerity; wants bullet-proof cars sold
He also announced plans to sell a fleet of bullet-proof vehicles to help Treasury shortfalls, a bold move in a country where Islamist militants still pose a threat.
New government likely to bring structural reforms in FBR
FBR, as per reforms may be separated into two separate bodies
Imran Khan elected PM, as currency crisis looms
A sharp increase in oil prices - Pakistan imports about 80 percent of oil needs - has contributed to a current account deficit that widened by 43 percent to $18 billion (£14.1 billion) in the fiscal year that ended June 30
US-based Pakistani Ali Moiz is letting people earn a livelihood by playing video games
Streamlabs has successfully raised $17.3 million in funding from Universal Music Group and Sequoia Capital, as per business analytics website Craft