What caused an all time high of $2.77bn remittances in July
KARACHI: Remittances rose to $2.77 billion in July, which is the highest ever level of remittances in a single month in Pakistan,...
Power plants installed during PMLN’s tenure helped end power crisis, says Razak Dawood
ISLAMABAD: Adviser to the Prime Minister for Commerce, Textile, Industry, Production and Investment Abdul Razaq Dawood on Saturday gave credit to the...
New deal signed with IPPs to cut cost of power generation: PM
PM says he will soon introduce a package that will tackle the issues of line losses & theft, and focus on improving the distribution system
PM Khan finally inaugurates Peshawar BRT
Prime Minister (PM) Imran Khan on Thursday inaugurated the Peshawar Bus Rapid Transit (BRT) project.
Addressing the inaugural ceremony, the prime minister said...
GIDC verdict by Supreme Court requires companies to pay Rs417bn
ISLAMABAD: The Supreme Court (SC) on Thursday announced its decision pertaining to Gas Infrastructure Development Cess (GIDC), directing recovery of Rs417 billion...
ECC okays timely settlement of Roosevelt Hotel’s loan
--Committee gives in-principle approval to the payment of all liabilities resulting from $105m debt secured by PIACL-owned Roosevelt Hotel in New York
--ECC...
Moody’s confirms ratings of five Pakistani banks as stable
Moody's Investors Service, on Tuesday, confirmed the B3 long-term local-currency and Caa1 foreign-currency deposit ratings of five Pakistani banks.
The banks include Allied...
Govt shortlists HSBC UK employee for FBR’s CIO position
The UK-based tech expert, who is likely to be appointed as FBR's chief info officer for three years, will be given the task to automate Pakistan's tax collection system
IMF programme in limbo as key targets remain unfulfilled
ISLAMABAD: The International Monetary Fund (IMF) would review Pakistan's performance under the Extended Fund Facility (EFF) in the last week of September.
According...
Moody’s upgrades Pakistan’s outlook from ‘under review for downgrade’ to ‘stable’, maintains B3 rating
---Moody's forecasts current account deficit (CAD) for ongoing FY21 at 2 per cent of GDP compared to 1.1 per cent recorded in FY20
Amazon officially enters Pakistan with web services
SINGAPORE: Having registered a local office under the name Amazon Data Services Pakistan (Pvt) Ltd, Amazon is forming a team for Amazon...
Govt appoints Brig (r) Shujah Hassan as Pakistan Steel Mills CEO
KARACHI: The federal government has appointed Brig (r) Shujah Hassan as the Chief Executive Officer (CEO) of the Pakistan Steel Mills.
According to...
Govt eases restrictions as Covid-19 cases continue to decline
–Educational institutions and marriage halls to be reopened on Sept 15; cinemas, restaurants to resume operations from Monday
–NCOC decides to intensify public...
ECNEC approves $6.8bn for Pakistan Railways’ ML-1 Project
ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) on Wednesday approved the project of Pakistan Railways for the up-gradation of...
After months of Covid-led downfall, Pakistan’s exports grow 5.8pc in July
According to the commerce ministry, Pakistan exported goods and services worth $1.99bn in July 2020, as compared to $1.88bn in July 2019