Business
Business
$1.5b Saudi gift declared ‘statistical discrepancy’
Unlike any foreign grant, Pakistan has not treated $1.5 billion (Rs157 billion) gift from Saudi Arabia as non-tax revenues and…
Import of electricity not feasible for Pakistan
The import of electricity from Central Asian upstream countries is not feasible for Pakistan as it involves huge investments of…
LSM growth turns negative in March
Large-scale manufacturing (LSM) posted a negative growth of 2.68 in March 2014 over the same month last year, reflecting a…
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…
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…
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…
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…
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…
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.…