Business
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S&P cuts Pakistan’s credit rating to ‘B-‘ from ‘B’; maintains stable outlook
ISLAMABAD: Standard & Poor (S&P) Global Ratings said on Monday it lowered Pakistan’s sovereign credit rating to ‘B-‘from ‘B’, citing...
Sindh faces shortfall of Rs104b in federal transfers
KARACHI: Sindh Chief Minister Syed Murad Ali Shah said that the provincial government had witnessed a shortfall of Rs104 billion...
UAE’s growth will gain momentum in coming years: IMF
DUBAI: The UAE economy is expected to expand 3 per cent in 2018 despite headwinds in the global economy, trade...
ECC approves Rs830m for Pakistan Machine Tool Factory
ISLAMABAD: The meeting of Economic Coordination Committee of the Cabinet (ECC) which was presided over by Federal Minister for Finance,...
Govt seeks $400m loan from World Bank
ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) government is seeking $400 million or Rs56 billion loan from the World Bank (WB) for...
S&P cuts Pakistan’s credit rating to ‘B-‘ from ‘B’; maintains stable outlook
ISLAMABAD: Standard & Poor (S&P) Global Ratings said on Monday it lowered Pakistan’s sovereign credit rating to ‘B-‘from ‘B’, citing...
Govt likely to offer incentives for SEZs’ success
ISLAMABAD: The government is expected to offer a series of incentives to ensure the success of Special Economic Zones (SEZs)...
New IPP policy being drafted to invite competition: Dr. Ishrat Hussain
KARACHI: While criticising the independent power producers (IPP) policy of 1994, Adviser to Prime Minister on Institutional Reforms and Austerity...
Rice millers set $5-b export target for 2023
KARACHI: Pakistan has had enough power plants and road infrastructure and now the government will develop the agriculture sector with...
China to provide $2.5b loan to Pakistan to boost foreign exchange reserves
ISLAMABAD: China has agreed to provide $2.5 billion in loans to Pakistan to boost official foreign exchange reserves that are...
Audit report finds irregularities in BISP accounts
ISLAMABAD: An audit report on the Benazir Income Support Programme’s (BISP) accounts during the period when Farzana Raja was its...
Inflation rate accelerates to 7.19% in Jan 2019
ISLAMABAD: The Consumer Price Index (CPI) based inflation increased by 7.19 percent on a year-on-year basis in January 2019 as...
China to import donkeys from Pakistan
PESHAWAR: In order to provide a boost to the export sector, the country will export donkeys to China, opening the...
Paragon Housing scam: NAB court approves 14-day judicial remand of Khawaja brothers
LAHORE: An accountability court on Saturday sent the Khwaja brothers to jail on 14-day judicial remand after rejecting the National...
LPG price hiked by Rs6 per kg
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has increased the price of Liquefied Petroleum Gas (LPG) by Rs6 per...
Govt taking measures to strengthen national economy, Asad Umar says in Senate session
ISLAMABAD: Minister for Finance Asad Umar on Friday said that all efforts are being made and he is trying his...
NAB recovers Rs750m in Bank of Punjab scam
LAHORE: The National Accountability Bureau (NAB) has recovered Rs750 million in the Bank of Punjab (BoP) scam. According to the...
AIIB likely to finance $1.4b worth of projects in Pakistan
ISLAMABAD: The Asian Infrastructure Investment Bank’s (AIIB) development projects worth $1.4 billion are in the pipeline in Pakistan. Work on...
New SOP introduced to ensure hassle-free property transfers
ISLAMABAD: After receiving complaints from the citizens about malpractices and delays, the city managers have introduced a new standard operating...
Edotco Group plans to enhance investment in Pakistan
ISLAMABAD: Federal Finance Minister Asad Umar on Friday received the Malaysian Edotco Group delegation for a meeting . The delegation...
