Business

Business

Govt misses major budgetary targets because of greater expenditures

The federal government has not been able to achieve major budgetary target set for the current fiscal year as it…

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Textile exports rise by 6.5pc in July-April

Export of textile and clothing grew by 6.5pc to $11.437 billion during the first 10 months (July-April) of this fiscal…

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broadband users touch 3.35 million mark in Pakistan

The number of broadband users in the country has reached 3.35 million, an increase of around 10 per cent from…

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Current account deficit Balloons to $2.16bn

Current account deficit in the first 10 months (July-April) of this fiscal year rose to $2.162 billion, reflecting a large…

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Insurance firms allowed to launch Takaful

Insurance companies, both general and life, have been permitted to launch ‘Takaful’, the Islamic alternative to conventional insurance products, Muhammad…

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Investors continue to invest in PIBs

The government kept increasing its long-term debt while investors remained glued to the Pakistan Investment Bonds (PIBs) in Wednesday’s auction.…

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China, Russia close ranks

China and Russia on Wednesday reached a huge gas supply deal worth $400 billion (290 billion euros) over 30 years,…

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Ministry seeks return of gas allocated to Guddu plant

Fearing a worsening of power shortage in coming months with a sharp rise in demand, the Ministry of Water and…

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Govt ‘may’ increase defence budget by 10pc

Amid strong criticism for disrespecting mandate of parliament, the government indicated its intention to increase the defence budget by 10…

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