Asian Development Bank and Pakistan to strengthen partnership
Federal Minister for Economic Affairs, Makhdum Khusro Bakhtyar, held a virtual meeting with the new Director-General Central and West Asia Department of the Asian...
PM appoints Hammad Azhar as new finance minister
PM Khan has asked Dr Abdul Hafeez Shaikh to step down from his role as the Finance Minister due to his failure to check...
Pakistan to import cotton yarn from India
PM’s Advisor on Commerce and Investment Abdul Razak Dawood on Monday was granted approval to import cotton yarn through land route (including India) to...
Pakistani Market today: Rupee up but stock market is down
The stock market endured a battering on Monday as the KSE-100 index nose-dived over 1,000 points on the back of soaring Covid-19 cases across...
Pakistan to cut port charges to facilitate trade
“The port charges come somewhere between $50,000 to $100,000 per ship depending upon the size of the ship and the number of days it...
Moody’s terms growth in Pakistan’s Islamic banking as credit positive
“The growth is credit positive for Pakistani banks because it attracts customers from the previously unbanked population, which creates new business opportunities and boosts...
PM Khan directs SBP and NBP to relax housing loan conditions
“I instruct Governor State Bank (SBP) Reza Baqir and President National Bank (NBP) Arif Usmani… that banks provide ease to the house loan seekers,”...
SBP announces major changes in low-cost housing scheme
The government has revised its markup subsidy scheme of housing finance significantly to align with the prevailing housing market dynamics in its effort to...
World Bank grants $600 million for expansion of Ehsaas Program
“Amidst the COVID-19 pandemic, millions of families across Pakistan face economic hardship, particularly those working in the informal sector, who have no savings or...
Work on Diamer-Bhasha Dam progressing despite pandemic
Water and Power Development Authority (Wapda) Chairman Muzammil Hussain visited the Diamer-Bhasha and Dasu Hydropower Project sites to review their progress. During his visit...
India discloses information about two power projects
Top officials from India and Pakistan on Wednesday concluded a meeting held to discuss two long-contested Indian dam projects on the Chenab River. During...
New automobile companies to boost sales for the tyre industry
At a corporate briefing on Wednesday, officials of The General Tyre and Rubber Company of Pakistan said that after being plagued by smuggling since...