Business

Successful implementation of CPEC key to stable credit profile: Moody’s

Successful implementation of CPEC key to stable credit profile: Moody’s

Moody s Investors Service says that Pakistan s (B3 stable) credit profile is supported by the country s robust growth performance and potential, a large — but low-income — economy, and an improved track record of reforms that started under its 2013-16 International Monetary Fund (IMF) program. These strengths have been accompanied by greater transparency and lower levels […]

ADB-Pakistan agreed for stronger public-private partnerships

ADB-Pakistan agreed for stronger public-private partnerships

ISLAMABAD:The Asian Development Bank (ADB) and the government of Pakistan on Monday agreed to chart new ways to pursue more robust and inclusive investments in Pakistan by scaling-up public-private partnerships (PPPs) to tap the private sector resources and to meet the country’s rising infrastructure development needs.The three-day ‘ADB Country Programming and Public-Private Partnerships in Pakistan‘ […]

PM woos investors to benefit from Pakistan’s rich potential

PM woos investors to benefit from Pakistan’s rich potential

Prime Minister Shahid Khaqan Abbasi on Monday wooed foreign investors to exploit the rich potential Pakistan offers in diverse fields and benefit from the lucrative incentives offered by the country. Addressing an investors’ conference here at a local hotel that focused on ways to raise the national GDP to 9%, the Prime Minister said the […]

PSX opens week on a flat note

PSX opens week on a flat note

The Pakistan Stock Exchange (PSX) opened the week flat with the benchmark KSE-100 index losing 54 points to close at 45,489 points.The index opened higher, climbing around 280 points within the first few minutes to hit the day’s high of 45,842, but could not keep the momentum going.In all, 249 million shares worth Rs8.6 billion […]

Japan’s Abe in the UAE to boost ties, with 27 companies in tow

Japan’s Abe in the UAE to boost ties, with 27 companies in tow

Japan’s Prime Minister Shinzo Abe on Monday hailed cooperation with the United Arab Emirates (UAE) as a “strategic relationship” on a visit aimed at boosting political and economic ties. Abe arrived in the oil-rich Gulf state late Sunday on the first leg of a Middle East tour which will also take him to Jordan, Israel […]

PIAF welcomes federal budget 2018-19

PIAF welcomes federal budget 2018-19

Pakistan Industrial and Traders Associations Front (PIAF) has welcomed the federal budget 2018-19 and termed it balanced and beneficial for businesses and trade. PIAF Chairman Irfan Iqbal Sheikh, Senior Vice Chairman Tanveer Ahmed Sufi and Vice Chairman Shahzeb Akram told APP here Saturday that in the present situation, when dollar price was scaling up and […]

Govt presents business friendly budget: ICCI

Govt presents business friendly budget: ICCI

Islamabad Chamber of Commerce and Industry (ICCI) on Sunday said that the current government has presented a business and people friendly budget that would reduce inflation and provide good relief to the business community as well. While talking to General Secretary, Traders Welfare Association (TWA), G-10 Markaz, Islamabad Sardar Abid Yousaf, here on Sunday, Senior […]

Customs duty on import of electric cars cut to 25%

Customs duty on import of electric cars cut to 25%

KARACHI:In line with the world trend that is rapidly shifting towards environment-friendly electric cars, the government of Pakistan on Friday announced some facilitation measures to cut costs and encourage the use of such clean vehicles in the country. This came at a time when several new players were gearing up to enter the auto industry of […]

Budget 2018: Rs 640.644 MN Earmarked For Defence Division

Budget 2018: Rs 640.644 MN Earmarked For Defence Division

Islamabad : The federal government has allocated Rs 640.644 million for five ongoing and two new development schemes of Defence Division under the Public Sector Development Programme (PSDP) for next financial year 2018-19. According to the budgetary document, a total of Rs 562.447 have been earmarked for the ongoing schemes. Out of this, Rs 253.954 […]

Opp walks out of NA as finance minister budget speech continues

Opp walks out of NA as finance minister budget speech continues

Islamabad:The joint opposition on Friday staged a walkout from the Lower House of parliament the moment the finance minister, Miftah Ismail, began the budget speech. Earlier, the Pakistan Tehreek-e-Insaf (PTI) and the Pakistan People’s Party (PPP) had decided to create ruckus in the assembly in a bid to stop the government from presenting the budget […]

Punjab govt won’t present budget, says finance minister

Punjab govt won’t present budget, says finance minister

Lahore : The Punjab government Friday announced not to table budget for fiscal year 2018-19. Punjab Finance Minister Dr Ayesha Ghaus Pasha said that the government won’t table budget for fiscal year 2018-19. The government, however, had prepared the budget, she said. She added that caretaker government would present the budget. “We will present interim […]

1 2 3 52