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Moody’s downgrades Pakistan’s credit rating to ‘Caa3’
ISLAMABAD: Moody's on Tuesday downgraded the Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to Caa3 from...
SBP mulls revising policy rates in rescheduled MPC meeting on March 2
KARACHI: In an apparent attempt to increase the pace of efforts to secure the much-awaited International Monetary Fund's (IMF) tranche,...
Petrol price slashed by Rs5 per litre for next fortnight
ISLAMABAD: In a relief for the masses, the federal government announced decreasing the price of petrol by Rs5 per litre...
Sea food exports increase by 12.98pc to $261.6m
ISLAMABAD: The exports of fish and fish preparations increased by 12.98 percent during the first seven months of the current...
Dar for strengthening economic relations with US
ISLAMABAD: Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar has said that the incumbent government wanted to extend...
Fiscal performance remains satisfactory: Economic Outlook
ISLAMABAD: Despite considerable challenges both at domestic and external fronts; the fiscal sector performance remained satisfactory, according to latest report...
FBR directs all field formations to adopt standard unit of measurement
MULTAN: The Federal Board of Revenue (FBR) has directed all field formations of Customs including Multan Customs to adopt standard...
Traders laud exports via Ghulam Khan & Kharlachi
PESHAWAR: The trader community on Sunday welcomed the government’s decision of allowing export trucks through the Ghulam Khan and Kharlachi...
ADB delegation calls on Wapda chairman
ISLAMABAD: A five-member delegation of the Asian Development Bank (ADB) on Monday called on Chairman Water and Power Development Authority...
Federal Board of Revenue invites textile exporters to moot on March 1
LAHORE: Textile exporters have been invited by Pakistan’s Federal Board of Revenue (FBR) to a moot at FBR headquarters on...
Mayor assures to play role to increase Pak-UK Bilateral Trade
ISLAMABAD: Yasser Iqbal, Mayor of Pendle of Lancashire County said that he would play a role to further increase bilateral...
FBR asks Pakistan Customs to deposit confiscated foreign currencies in NBP
ISLAMABAD: The Federal Board of Revenue (FBR) has directed the customs authorities to deposit the confiscated foreign currencies into the...
Auto sector fears massive lay-offs if LC issue persists
KARACHI: Several auto companies have regularly announced shutdowns and some of them say it will be difficult to sustain the...
PPRA turns down giving exemption to Exim Bank
ISLAMABAD: The Public Procurement Regulatory Authority (PPRA) has turned down a proposal of Exim Bank for exemption from PPRA Rules...
ANF recovers over 69 kg drugs; arrests nine
KARACHI: Anti-Narcotics Force (ANF) in five operations managed to recover over 69 kg drugs and arrested nine accused, said an...
ADB appreciates reforms for sustainable economic development
ISLAMABAD: The Asia Development Bank (ADB) appreciated the reforms introduced by the government and policy decisions taken in important sectors...
FTO tells FBR that Customs Collectorates must not show any discrimination against vehicle importers
ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to ensure that the Collectorate of...
Italy, Pakistan trade volume has grown exponentially to €2b last year: Sheheryar Khan
ISLAMABAD: The bilateral trade volume between Italy and Pakistan has grown exponentially to €2 billion last year said the Honorary...
Pak-Afghan trade resumes after Torkham border crossing reopens
TORKHAN: Trucks carrying food and pharmaceuticals crossed through a key border crossing between Pakistan and Afghanistan after it reopened Saturday,...
Economic reforms vital to avoid another IMF bailout in next budget: FPCCI
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry’s Businessmen Panel said that amidst precarious external and fiscal situation,...
