‘Serious reservations’ in Cabinet over upcoming mini-budget
ISLAMABAD: While Finance Minister Asad Umar has announced to introduce the mini-budget on January 23, the government has yet to develop consensus...
‘Expert’ group expected to lead state-owned PSM’s revival
ISLAMABAD: Although Pakistan Steel Mills' (PSM) Board has yet to give the approval for the formation of an expert group of private...
World Bank terms progress on Dasu Dam project slower than anticipated
According to WB, land acquisition has only reached 742 acres, out of 1,987 acres needed for the construction areas and is slated to be finished by June 2022
What’s the mini budget all about?
Looking back, there was a reason that both Ishaq Dar and Shaukat Tareen signed with the IMF within days of taking office. Yet Asad Umar chose to stay ambiguous
PM orders progress report on CPEC projects
PM Khan instructs to form a CPEC Business Advisory Council to create an interface with the private sector
says development of...
Pakistan’s textile industry receiving higher import queries from US
According to the official, the current administration was working upon rationalizing subsidies for agricultural crops in hopes of enhancing cotton cultivation
South Korea to import more Pakistani workforce
South Korea had also shown keen interest to invest in Pakistan Railways to further improve its capacity
Cargill commits to invest over $200mn in Pakistan
Cargill aims to partner on Pakistan's growth by bringing its global expertise and investment into the country
PM says Pakistan is...
Current account deficit balloons 37% MoM to $1.7 billion in December
During the first half (July-December) of the current financial year 2018-19, the current account deficit declined by 4% year-on-year (YoY) to $8 billion compared to corresponding period of FY17-18 when it was recorded at $8.4 billion
Pace of credit growth in Pakistan’s banking sector to slow, NPLs to rise: Fitch Solutions
Its projected loan growth at 13% in 2018, down from a forecast 15% in 2018, said the research agency
Russia willing to invest $2 billion in Pakistan’s water and power projects
The firm has expressed interest in investing in water and power projects which include 7,100MW Bulji, 2,200MW Tangus, 800MW Mohmand Dam, 52MW Nauseri and 2,800MW Yulbo projects
Foreign direct investment falls 77.2pc to $899.5m
ISLAMABAD: Pakistan’s Foreign Direct Investment (FDI) during the first half of current fiscal year (2018-19), fell by 77.2pc to $899.5 million as compared...
‘Pakistan wants to enhance trade ties with all neighbours including Iran’
Finance minister says world should stop creating trade impediments between Pakistan and Iran
says CPEC is going to be the center...
Pakistan’s government debt grows to 71.2% of GDP in Q3 2018: IIF
According to IIF, Pakistan’s household debt as percentage of GDP saw a meagre increase of 0.1% from 2.7% in quarter 3 of 2017 to 2.8% in the third quarter of 2018
ECC approves regulatory amendments in export, import policy orders
ISLAMABAD: With an aim to improve ease of doing business in Pakistan, the Economic Coordination Committee of the Cabinet (ECC) approved on Tuesday...