Business
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Pakistan foreign exchange reserves increase to $14.895b
KARACHI: Pakistan’s foreign exchange reserves have increased by $10 million to $14.895 billion by week ended February 08, 2019 as...
Taking mega corruption cases to logical end foremost priority: NAB chairman
ISLAMABAD: National Accountability Board (NAB) Chairman Justice (r) Javed Iqbal has said taking mega corruption cases to its logical conclusion...
Pakistan to seek preferential trade agreement with KSA
ISLAMABAD: Pakistan will formally propose to Saudi Arabia for initiation of a dialogue on preferential trade agreement (PTA) to...
State Bank to discontinue issuance of Rs40,000 bonds from tomorrow
ISLAMABAD: The federal government has discontinued Rs40,000 denomination national prize bonds, with effect from Friday, plugging in a loophole that...
Govt orders increase in LNG imports, furnace oil stocks
ISLAMABAD: The Cabinet Committee on Energy (CCOE) asked the power and petroleum divisions to line up additional imports of liquefied...
PTCL converting exposures in local currency after exchange loss
KARACHI: Pakistan Telecommunication Company Limited (PTCL) has decided to convert its exposures into Pak Rupee instead of US dollar. The...
TDAP to set up division for e-commerce, services sector
KARACHI: The Trade Development Authority of Pakistan (TDAP) has announced its plan to set up a division to deal...
Eight investment MoUs to be signed during Saudi crown prince’s visit
ISLAMABAD: Foreign Minister Shah Mahmood Qureshi announced that at least eight memoranda of understanding (MoUs) will be signed between Islamabad...
CCoP reviews progress on active privatization list
ISLAMABAD: Finance Minister Asad Umar chaired meeting of the Cabinet Committee on Privatization (CCoP). Minister for Privatization Muhammad Mian Soomro...
Pakistan defers tax relief for Gwadar Free Zone
ISLAMABAD: Pakistan has once again delayed approval of sweeping tax concessions for the Gwadar Free Zone, being set up under...
Supreme Court asks NAB to file references against Bahria Town
ISLAMABAD: The Supreme Court on Tuesday ordered the National Accountability Bureau (NAB) to go ahead with finalising references against the...
Pakistan to get record investment on Saudi Crown Prince visit: Ghulam Sarwar Khan
ISLAMABAD: Pakistan will get record investment on the visit of Saudi Crown Prince Mohammad Bin Salman, who is scheduled to...
Arif Usmani appointed NBP president
ISLAMABAD: Arif Usmani has been appointed as the President National Bank of Pakistan after the Ministry of Finance issued a...
NAB chairman to preside over EBM tomorrow
ISLAMABAD: National Accountability Bureau (NAB) Chairman Justice ® Javed Iqbal will preside over Executive Board Meeting (EBM) tomorrow. During the...
PTCL announces jump of 32pc in annual profit
ISLAMABAD: Pakistan Telecommunication Company Ltd (PTCL) announced its financial results for the year ended Dec 31, 2018, saying that consolidated...
Govt paying Rs6b interest per day on loans: PM Imran
ISLAMABAD: Prime Minister Imran Khan said on Tuesday that the government is paying Rs6 billion interest every day on loans...
ECC approves effective measures for enhancing production of cotton
ISLAMABAD: Federal Finance Minister Asad Umar on Tuesday presided over a meeting of the Economic Coordination Committee (ECC) of the...
Gas shortage in industries after delay in berthing of PSO cargo
ISLAMABAD: The Sui Northern Gas Pipelines Limited (SNGPL) on Monday said in view of non-berthing of Pakistan State Oil (PSO)...
Trade deficit shrinks by over $2b in first seven months of FY2018-19
ISLAMABAD: Pakistan's trade deficit plunged by 9.66 per cent to $19.26 billion during the first seven months of the current...
WAPDA in talks over Mohmand dam contract
ISLAMABAD: Amid the ongoing Mohmand dam controversy over its bidding process and conflict of interest, the Water and Power Development...
