Pakistan to take another $1.4 billion loan to curb power sector arrears
Electricity shortages have eased in the last 12 months but years of mismanagement and funding shortfalls for subsidies have led to accumulated power sector payment arrears, or “circular debt”, soaring to 1.4 trillion rupees ($10.1 billion)
Pakistan to ink MoU on free trade agreement with Saudi Arabia
KSA has agreed to develop at least two SEZs identified under CPEC
ISLAMABAD: Apart from signing a number of agreements worth up...
Sarmaya-e-Pakistan, holding company for state owned enterprises incorporated: Asad
LAHORE: Finance Minister Asad Umar says Sarmaya-e-Pakistan, the holding company for state-owned enterprises, has been incorporated.
In a tweet, he said turning around...
SBP to cease issuance of Rs40,000 prize bonds from 15th Feb
The decision was taken to appease global watchdogs, who had doubts about the investment of black money via these bonds
Foreign banks eye financial advisory role in divestment of two LNG fired-power plants: Report
This divestment would rank as the country’s largest privatization deal since 2005 when Etisalat acquired a controlling stake in Pakistan Telecommunications Limited (PTCL) for $2.6 billion
Govt will require to reduce borrowings from central bank, implement VAT under IMF programme: Report
According to official sources, the IMF will demand to attain a primary balance of budget into surplus, which is presently seeing a huge deficit
Pakistan expects 8 investment deals during Saudi prince’s visit
Total Saudi investments could reach $20 billion over the next few years, the Board of Investment said in a statement, without providing any detailed breakdown
KSA to invest $322m in five hydropower projects of Pakistan
ISLAMABAD: Apart from making investments in the oil and mineral sector, Saudi Arabia will also make an investment of SR1.207 billion ($322 million)...
Cash-strapped Pakistan to host Saudi crown prince
ISLAMABAD: Pakistan is preparing to welcome Saudi Arabian Crown Prince Mohammed bin Salman for a state visit over the weekend, the foreign...
Jazz failed to build Veon into the WeChat of Pakistan. That’s why it will succeed
CEO Aamir Ibrahim’s willingness to abandon his failures and invest in his successes suggests a strong path forward for the company
Amazon does not have a Pakistan presence. These Pakistani entrepreneurs are selling on it anyway
The global e-commerce giant has ignored Pakistan, but many enterprising individuals and companies have found ways to use the platform to their advantage by getting around the legal hurdles
Social impact or pursuit of profit? Some entrepreneurs pick both
The stories of four entrepreneurs who are making a social impact through their commercially thriving endeavours
Prime Minister Imran Khan warns of ‘painful’ reforms
Before taking the stage, Khan met with Lagarde and she termed the meeting "good and constructive"
IMF ready to support Pakistan, advocates for stronger economic reforms
Lagarde terms meeting with Prime Minister Imran Khan 'good and constructive'
Saudi Crown Prince’s visit to bring major investment in Pakistan
Saudi Arabia and its Gulf partner, the UAE, have already deposited $3 billion each in Pakistan’s central bank to help resolve a balance of payments crisis and shore up its declining rupee