UAE imposes excise tax from Oct 1
The United Arab Emirates (UAE) has imposed Excise Tax with effect on October 1st, 2017. In an exclusive interview...
KSE-100 index takes a dive over 1,000 points
Pakistan Stock Exchange, the KSE-100 index dropped by over 1,000 points during early day trading on Tuesday. Following the...
S&P 500 index gains after recent selloff; energy stocks fall
The benchmark US S&P 500 stock index ended up slightly on Monday after two days of declines, though a...
IMF assasses Ukraine’s bailout plea
The International Monetary Fund (IMF) was expected to deliver an evaluation to Ukraine on Wednesday on its bailout request as the US continues to muster support for penalising Russian encroachment on Ukrainian territory.Ukraine is seeking a loan of $15bn to $20bn to battle dwindling reserves and the threat of... Read more
The World Bank is set to approve a ‘Development Policy’
The World Bank is set to approve a ‘development policy’ credit amounting to USD 500 million to help Pakistan design an efficient and consumer-oriented electric power system which will help in reducing subsidies and improving tariff policy, entailing a reduction of the subsidies allocated in the federal budget from 1.8%... Read more
No Need to Repay Gifts- Ishaq Dar
Finance Minister Senator Ishaq Dar on Wednesday said that the $1.5 billion grant  was given to Pakistan  as a gift by “a friendly country”for which there is no need for repayment. The “gift”  contributed to a sharp recovery of the Pakistani rupee, which rose to a nine-month high of 97.40 from 105.40... Read more
Smuggled fuel a threat to public safety and revenue collection
The sale of smuggled Iranian diesel and petrol is causing huge revenue losses to the tune of about Rs40-50 million per day in Sindh alone. It also compromises safety of human life and vehicles according to the Pakistan Petroleum Dealers Association.  Sale of smuggled Iranian petrol and diesel is going... Read more
Apple share may increase by 20% over the next year
Market Analysts  forecast an increase of 20% in Apple shares over the next year. This increase is projected with a new version of iPhone’s smartphone.  It is expected that iPhone 6 will be available by summer or fall and it would have  a bigger screen than earlier versions, which... Read more
CNG  load shedding greatly  reduced through out Punjab & Sindh
Chairman APCNGA, Ghiyas Abdullah Paracha  on Friday told the media that the federal Govt. has started fulfilling promises and Natural gas would be provided to all the CNG filling stations across Punjab for 8 hours daily,seven days a week while flow would continue uninterrupted throughout Sundays. He further added that the decision has... Read more
Shipyards planned in Gwadar and Port Qasim
The government has  decided to set up two new shipyards at Gwadar and Port Qasim with investments from Japanese and Korean firms on build, operate and transfer (BOT) basis. Finance Minister Ishaq Dar has asked the ministry of defence production to move a formal summary to the prime minister for... Read more
Pakistan to explore feasibility of importing Indian Electricity
The World Bank (WB) has offered to finance the feasibility study of setting up a transmission line to import 1,200 megawatts (MW) of power from India, Pakistan has sent the draft of the initial power trade deal to its eastern neighbour despite opposition from various quarters. “Now, the World... Read more
Chinese company interested in setting up power plants
A Chinese company has expressed  interest in setting up coal based power plants with a total production capacity of 2,640 megawatts in Gadani, Balochistan China Gezhouba Group Company (CGGC) and the Private Power and Infrastructure Board (PPIB) on Tuesday signed a memorandum of understanding (MoU) for developing three power... Read more
ECNEC approves Twin City Metro Bus Project
The Executive Committee of the National Economic Council (ECNEC) chaired by Finance Minister Ishaq Dar approved the Rawalpindi Islamabad Metro Bus Project. The total cost of  the project is Rs 23.839 billion. The Federal Government would contribute Rs 13.419 billion whereas the remaining amount of Rs.10.419 billion would be given by the... Read more
India willing to lift restrictions on Pakistani textile products
The assistant to the Indian Prime Minister Maftah Ismael  told the media on Saturday that India is willing to lift  restrictions on 160 Pakistani textiles products. Read more
Dollar falls further against Rupee
Dollar has further depreciated against Pakistani rupee and now it values 97.90 rupees in the interbank market today. According to State Bank of Pakistan‚ the country received foreign direct investment of 523 million dollars in the first seven months of current fiscal year with 106.9 million dollars in the... Read more
USD Exchange Rate  will come further down – Ishaq Dar
Federal Finance Minister Ishaq Dar said that USD exchange rate will come below 100 and it would be pushed further down. He further said that these are signs of healthy economy .. He attributed his success at bringing down the price of the dollar to those critics who ridiculed... Read more
Dollar drops to 9 month low against Pak Rupee
 The US dollar depreciated against the Pakistani rupee, reaching a 9-month low according to reports on Tuesday. The rupee-dollar parity now stands at Rs99.90 in the interbank market, decreasing by Rs1.52 today. An inflow of investment in fiscal year 2013-14 also helped shift market sentiments in favour of the rupee. According... Read more