Business
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IMF & Pakistan to reach $12b bailout deal soon: Fitch
KARACHI: Pakistan and the International Monetary Fund (IMF) will soon reach a bailout deal with a potential size of $12...
Senate panel for higher hydel profit payments to AJK
ISLAMABAD: The Senate Standing Committee on Water Resources supported a report of the special committee recommending payment of Rs1.15 per...
New aviation policy likely to be approved in March
KARACHI: The federal government has decided to abandon its open sky policy in favour of a ‘fair sky policy’ in...
Saudi investors invite Pakistan’s furniture manufacturers
LAHORE: In the wake of recent visit of Saudi Crown Prince Mohammad bin Salman to Pakistan, Saudi investors have invited...
Facebook, Google investing in Pakistan: Fawad Chaudhry
ISLAMABAD: Minister for Information and Broadcasting Fawad Chaudhry on said that Facebook and Google have started investment in Pakistan, which...
Govt borrows Rs2.57tr from SBP in January
KARACHI: The government made a hefty borrowing of Rs2.57 trillion from the State Bank of Pakistan (SBP) in January 2019,...
Indonesia grants market access to Pakistan’s 20 new products
ISLAMABAD: Indonesia has issued a notification for the correction of Indonesia-Pakistan preferential trade agreement (PTA) by offering immediate market access...
AGP demands probe into Rs700b hydel project losses
ISLAMABAD: The Auditor General (AG) of Pakistan has demanded detailed investigations to fix responsibility for losses of almost Rs700...
ECC approves supplementary grant for families of deceased employees of petroleum division
ISLAMABAD: Finance Minister Asad Umar chaired meeting of the Economic Coordination Committee of the Cabinet (ECC) here on Tuesday. ECC...
Urea sales fall 21pc as sowing slows down
KARACHI: Urea fertiliser sales dropped 21% on a month-on-month basis in January 2019, driven down by the seasonal effect as...
Banks to remain open on Saturday, Sunday for receiving Hajj applications
KARACHI: State Bank of Pakistan (SBP) on Tuesday said that the commercial banks will remain open on March 2-3 (Saturday...
PPPA & PIB to play vital role in enhancing investment to GDP ratio
ISLAMABAD: Federal Finance Minister Asad Umar chaired high level meeting here on Monday to discuss matters pertaining to operationalization of...
SPI increases 0.34pc
ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended February 21, 2019 registered a rise of 0.34% for the...
PASSCO to invite fresh bids for wheat exports
ISLAMABAD: The government has allowed Pakistan Agricultural Storage and Services Corporation (Passco) additional export of 0.5 million tons of wheat...
Govt tasks NBP with increasing remittance inflow
KARACHI: The government has tasked state-owned National Bank of Pakistan (NBP) with stepping up efforts to attract higher worker remittances...
FIA watching social media to curb ‘anti-national propaganda, hate speech’
KARACHI: The Federal Investigation Agency (FIA) is claimed to have put in place a monitoring system following the government directives...
No proposal to reduce railways fares
ISLAMABAD: Pakistan Railways is not considering any proposal to reduce passenger fares, said an official. There are 132 passenger trains...
SBP allows Islamic banks to offer refinance facilities
KARACHI: State Bank of Pakistan has given the go-ahead signal to Islamic banks which can now offer cheaper refinancing to...
NAB obtains property, vehicle documents during raid at Agha Siraj’s residence
KARACHI: The National Accountability Bureau (NAB) obtained important documents pertaining to properties and vehicles during a seven-hour raid at Sindh...
Wapda approves grant of dam’s contract to CGGC & Descon Engineering
LAHORE: The Water and Power Development Authority (Wapda) granted approval to award of contract for the 800MW Mohmand dam...
