Business

KARACHI: The total reserves held by the State Bank of Pakistan (SBP) declined by 1.5% or $131m to $8,487m as...

Trade between Pakistan, Afghanistan to be increased to $5b from $2.5b

ISLAMABAD: Pakistan and Afghanistan have agreed to enhance bilateral trade to $5 billion with next two to three years from...

22,000 bales of cotton change hands at Rs5000-5300, TCP to purchase 250,000 bales

KARACHI: Slight rate changes were witnessed in the cotton market amid moderate trading on Thursday. The official spot rate was...

1,400MW by end-Dec: USAID imparts training to PESCO, IESCO under EPP project

ISLAMABAD: United States Agency for International Development’s (USAID) Mission Director to Pakistan, Greg Gottlieb, presented the power distribution companies PESCO...

Japan to give Pakistan Rs3.2b for better sewerage, weather forecasting systems

ISLAMABAD: Pakistan and Japan have agreed to carry out two projects of disaster management and weather forecasting system worth Rs3.2...

Seed (Amendment) Bill 2014 presented in NA, Plant Breeders Bill in Cabinet: Bosan

ISLAMABAD: The Ministry of National Food Security and Research Sikandar Hayat Bosan has presented a draft policy for the seed...

Remittances up by 15pc to $6.077b in July-Oct; UAE excels in with $1.350b: SBP

KARACHI: The country got $6.077 billion remittances from July to October this year as compared to $5.275 billion it received...

Trade deficit stretches to $8.81b as exports record 6.86% decline to $7.97b in 4 months

KARACHI: Pakistan’s trade deficit has swelled by 49.37 per cent to $8.81 billion from July to October of the current...

Nawaz Sharif visits 3 countries to attract foreign investment

ISLAMABAD: Minister for Information and Broadcasting Pervaiz Rashid has said Prime Minister's visit to China, Germany and Britain will help...

Hire private guards: Top cop excuses from security to shopping mall, outlets as RCCI delegates meet him

RAWALPINDI: What is being described as inability to provide security to the business community, the city police asked the traders...

No gas for Punjab CNG stations, industries from Nov 15 to March 15

ISLAMABAD: The Sui Northern Gas Pipelines Limited (SNGPL) is going ahead with its planned suspension of gas supply to CNG...

Water availability to up by 18pc: Balloki, LBDC upgradation to boost agriculture 15pc

KASUR: The ongoing Asian Development Bank-funded upgradation of Lower Bari Doab Canal (LBDC), which originates from century-old Balloki barrage on...

$8.81b trade deficit to plummet post peak 49.37% July-Oct on historic record 28% drop in POL prices

byEditor

KARACHI: Pakistan’s trade deficit which soared 49.37 per cent to $8.81 billion from July to October would start plummeting, as...

Rate cut expectations high as SBP sets to unveil Monetary Policy on 15th

KARACHI: The State Bank of Pakistan’s (SBP) board of directors is scheduled to meet on Saturday to fine-tune monetary policy...

KP to protect Gor Khatri Complex, Mughal-era historical Gorakshanath temple

PESHAWAR: Director of Archaeology and Museums of Peshawar has decided to make a plan for saving the historical sites of...

Disinvestment shelved: Dar claims PTI, PAT sit-ins triggered slum in OGDCL shares price

ISLAMABAD: The sit-ins and street protests by the Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) triggered slump in the...

ECC allows 0.5m tonnes sugar export, imposes 20pc duty on import

ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet has allowed export of 500,000 tonnes of sugar and imposed 20...

50% short sale of OGDCL 313m shares: Govt blames PTI sit-ins, fate of $4b from SOEs, PIA?

ISLAMABAD: The government on Wednesday blamed PTI chief Imran Khan and PAT leader Tahir-ul-Qadri led sit-ins for scrapping of OGDCL...

Expenditures on terror war to continue next fiscal year: Finance Ministry

byM Arshad