FDI surges 66pc in seven months
China remains the biggest investor in Pakistan, with a net FDI of $533m
Bureaucracy not following PM’s directives on business facilitation: FPCCI
'Unless the interest rate is back below 10pc, economic activities will remain stagnant'
PSX announces 14 market participants for Exchange-Traded Funds
KARACHI: The Pakistan Stock Exchange (PSX) has announced 14 market participants for the upcoming Exchange-Traded Funds (ETF).
These include Bank Alfalah, Bank Al-Habib,...
LTC fails to procure 1,500 new buses
LAHORE: The Lahore Transport Company (LTC) has failed to procure 1,500 buses for public transport due to the non-availability of funds.
Sources in the...
Punjab requests Centre to ban onion, red chilli exports
ISLAMABAD: The Punjab government has requested the federal government to impose a ban on the export of onions and red chillies.
According to...
Circular debt reduced to Rs12bn per month, Senate body told
ISLAMABAD: The Senate's Standing Committee on Power was informed on Monday that the country's circular debt had been decreased to around Rs12 billion...
Increase in workers’ remittances bodes well for Pakistan: Moody’s
KARACHI: An increase in worker’s remittances is positive for Pakistani banks and borrowers, as it supports deposit flows and strengthens household finances, according...
HBL to voluntarily close New York branch by March 31st
Terming the development as ‘positive’, analysts believe the closure will bring certainty regarding the bank’s future earnings
FATF starts reviewing Pakistan’s efforts against terror financing
ISLAMABAD: The Financial Action Task Force (FATF) on Sunday began review meetings to discuss Pakistan’s efforts against money laundering and terror financing.
The meetings...
Pakistan grey list: FATF meeting underway in Paris
Pakistan needs 12 out of 39 votes to exit the grey list
Pakistan’s public debt to become ‘sustainable’ after reforms: IMF
KARACHI: Ongoing fiscal reforms will put Pakistan's public debt path on a sustainable footing, according to Athanasios Arvanitis, the Deputy Director of...
Turkey to help uplift Pakistan’s railway infrastructure: minister
LAHORE: Railways Minister Sheikh Rasheed Ahmad said on Saturday that the Turkish Railways has agreed to assist Pakistan Railways through transfer of...
Budget deficit reaches Rs994.7bn in 1HFY20
–Govt spends Rs4.2tr against revenue of Rs3.2tr in first six months of ongoing fiscal year
–Defence sector remains major beneficiary of govt spending,...
Proposed revival plan of Tuwairqi Steel Mills opposed
ISLAMABAD: Despite a strong lobby supporting the proposed revival plan of Tuwairqi Steel Mills Limited (TSML) through an expected investment of around...
Big industry contracts 3.3pc in first half FY20
ISLAMABAD: Pakistan's large-scale manufacturing (LSM) shrank by 3.35pc in the first half (July-Dec) of the current financial year (FY20), as compared to...