Trade deficit registers 27% decline during FY2019-20
(Web Desk) ISLAMABAD: Pakistan’s trade deficit shrank to $23.18 billion during the last fiscal year against $31.8 billion in 2018-19, registerinRead More…
Category: Business
Plan to lease Roosevelt Hotel shelved
ISLAMABAD:The Cabinet Committee on Privatisation (CCOP) on Thursday reversed a seven-month-old legally questionable decision of deciding the fate of Read More…
Stock market gains 240 points on improved sentiments
(web news) KARACHI: The stock market gained 240 points to end the fiscal year on Tuesday over improved sentiments of investors over approval of fiRead More…
SBP slashes policy rate 100 basis points to 7%
(Web desk) KARACHI: The State Bank of Pakistan (SBP) has slashed the policy rate once again by another 100 basis points to bring it to 7%, it annRead More…
SBP receives $1bn from ADB, World Bank
KARACHI: State Bank of Pakistan (SBP) on Tuesday received $1 billion from two international financial institutions to mitigate adverse economic impacRead More…
US says Pakistan budget lacked transparency
( The Express Tribune) by Shehbaz Rana ISLAMABAD: A new report by the United States has said that Pakistan’s budget lacked minimum fiscal tRead More…
Pakistan’s mango exports down 15% as coronavirus shrinks demand
(Arab News) KARACHI: Pakistani producers of mangoes have been hit by falling international demand amid the coronavirus pandemic, an industry represenRead More…
FBR seeks WHT on Foreign Currency
( The Express Tribune) by Shehbaz Rana ISLAMABAD: The Federal Board of Revenue (FBR) has proposed the introduction of 0.6% withholding tax (WRead More…
Rupee further weakens by 81 paisas against dollar
(Web Desk) KARACHI: The Pak Rupee further weakened by 81 paisas against dollar on Tuesday owing to higher demand for import and corporate paymentRead More…
FBR records 31 percent decline in May collection
(Web Desk) ISLAMABAD: Federal Board of Revenue (FBR) has recorded 31 percent decline in revenue collection during May 2020 owing to halt in econoRead More…