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Business
World Bank approves $12 billion, 5 year loan for Pakistan
The World Bank has approved a $12 billion loan for cash-strapped Pakistan that will be disbursed over five years, the…
Pakistan, Turkey to form ‘working group’ in power sector
Pakistan and Turkey have agreed to form a technical working group in the energy sector to chalk out ways for…
Rs29bn shortfall in FBR’s revenue collection
The Federal Board of Revenue (FBR) witnessed a shortfall of Rs29 billion in April 2014 as an amount of Rs167bn…
Govt likely to cut custom duties on imported vehicles
The government plans to cut customs duty on import of up to three-year-old automobiles of all capacities and to withdraw…
Pakistan among world’s cheapest economies
Major findings of a new World Bank report, comparing the real size of the world economies, have bracketed Pakistan together…
Sharif in London as report by British lawmakers urges cut in aid
“British aid to Pakistan should be cut unless there is proof the funds help stop extremism, says a report by …
Samsung still rules the roost in growing smartphone market
South Korea's Samsung remained at the top of the rapidly growing smartphone market in early 2014 as Chinese rivals gained…
Pakistan will issue dollar-denominated sukuk soon: Finance Minister
Pakistan will soon issue an Islamic bond denominated in dollars, after the success of its recent dollar-denominated international bond, Finance…
Prices of petrol, diesel reduced
The government reduced on Wednesday prices of petrol, diesel and other petroleum products because of lower prices in the international…