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Incentives, innovative services: Remittance inflows from GCC states may soar to $20bn: experts

KARACHI: The remittance inflows can be increased by more than $5 billion to $20 billion to Pakistan through the...

Updated 21 Jul, 2023 09:25am

Markets

As expected, SBP-held foreign exchange reserves increase $4.2bn, now stand at $8.73bn

Total liquid foreign reserves now stand at $14.07 billion

Updated 20 Jul, 2023 09:35pm

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LoI to IMF: govt pledges fiscal discipline

Says it will restrain non-priority spending including through energy sector measures aimed at credibly containing energy sector subsidies, the public wage bill, and pensions

Updated 19 Jul, 2023 09:56am

Business & Finance

FBR amends export facilitation scheme-2021

ISLAMABAD: The exporters would now be required to submit details of the export performance for the last 2-3 years...

Published 15 Jul, 2023 06:08am

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C-5 project: PAEC’s point of view

ISLAMABAD: This is apropos a news report “$5bn Chashma-5 N-Plant to produce power at Rs 20 per unit: Country has...

Updated 14 Jul, 2023 10:02am

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Imported fuel for power generation: Nepra blames forex scarcity for load-shedding

Nepra Chairman Tauseef H Farooqi says 63 percent of generation is based on imported fuels

Updated 05 Jul, 2023 11:22am

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Oil import on foreign supplier’s account: OCAC requests govt to convene meeting of stakeholders

ISLAMABAD: While raising questions on approval of policy guidelines regarding import of oil on foreign supplier’s...

Updated 28 Jun, 2023 09:01am

Business & Finance

‘Plan B’: Govt urged to take nation into confidence

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian...

Published 26 Jun, 2023 07:56am

Pakistan

Sindh CS says land allocated for IT varsity

KARACHI: Sindh Chief Secretary Dr Sohail Rajput has said that the government is going to establish an Information...

Published 23 Jun, 2023 06:00am

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APTMA seeks resumption of RCET scheme

ISLAMABAD: All Pakistan Textile Mills Association (APTMA) has sought resumption of gas and electricity at...

Updated 22 Jun, 2023 08:53am

Business & Finance

KATI chief for special incentives to enhance exports

KARACHI: Faraz-ur-Rehman, President of the Korangi Association of Trade and Industry (KATI), has urged the ...

Published 22 Jun, 2023 05:45am

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PM lays focus on solar energy imperative

Reviews process of formulation of policy regarding alternative sources of energy especially solar

Updated 18 Jun, 2023 09:52am

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Only shares being sold: Shell not winding up its operations: Dar

ISLAMABAD: Finance Minister Ishaq Dar Saturday said Shell Petroleum is not winding up its operations in Pakistan,...

Updated 18 Jun, 2023 09:58am

Opinion

The cost of anti-export bias

Our country in general and our bureaucracy in particular have a strange bias against exports and a particular...

Published 13 Jun, 2023 06:00am

Markets

Alarming: SBP-held foreign exchange reserves fall another $179mn, now stand at $3.91bn

Fall comes due to external debt repayments

Updated 08 Jun, 2023 11:50pm

Opinion

‘Learning From Others’—V

Power Sector: Power sector was the major negative influence on India’s economy as well. The problems and ...

Published 28 May, 2023 03:34am

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Expo inaugurated: PM stresses criticality of innovations in textiles to boost export

KARACHI: Prime Minister Shehbaz Sharif Friday asked exporters to bring innovations in textile industry for export...

Updated 27 May, 2023 08:48am

Opinion

Mapping the economics of imported coal-fired power plants

Nepra (National Electric Power Regulatory Authority) has rejected the power generation tariff petition of Jamshoro...

Updated 24 May, 2023 07:02am

Business & Finance

Budget proposals: KCCI for adopting ‘novel’ approaches to economic challenge

KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) firmly believes that that out-of-the-box solutions...

Published 24 May, 2023 05:57am

Business & Finance

GTR incurred Rs331m losses in last quarter: MD

KARACHI: Managing Director Hussain Kuli Khan said that GTR incurred losses in the last quarter due to factors that...

Published 24 May, 2023 05:57am

Business & Finance

SBP cancels license of forex firm

KARACHI: The State Bank of Pakistan (SBP) on Wednesday cancelled the authorization/ license of M/s. Noble Exchange...

Published 18 May, 2023 06:10am

Opinion

Thar coal mine expansion

SECMC (Sindh Engro Coal Mining Company) has filed a tariff petition for expanding its capacity. This is a third...

Published 17 May, 2023 06:22am

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Second consecutive month: Pakistan posts $18m current account surplus in April

KARACHI: For the second consecutive month, Pakistan has posted a current account surplus in April 2023 mainly due to...

Updated 17 May, 2023 09:52am

Business & Finance

FPCCI chief urges SBP to remove lien marking immediately

KARACHI: Irfan Iqbal Sheikh, President FPCCI, has urged the State Bank of Pakistan to immediately discontinue the 3...

Published 09 May, 2023 05:37am

Business & Finance

Rules violation: SBP cancel EC’s licence

KARACHI: The State Bank or Pakistan (SBP) has announced cancellation of the licence issued to M/s Mega Currency...

Published 04 May, 2023 04:26am

Business & Finance

Foreign investors: Jul-Mar profit repatriation plunges 82pc to $233.1m YoY

KARACHI: The repatriation of profit and dividend by foreign investors continued to post negative growth and plunged...

Updated 28 Apr, 2023 08:48am

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SECMC’s forex-related issues: Sindh seeks Dar’s support

ISLAMABAD: The Government of Sindh (GoS) has sought Finance Minister’s help for opening of LCs and remittances for...

Updated 26 Apr, 2023 08:50am

Markets

On back of another loan, SBP-held forex reserves rise $394mn, now stand at $4.43bn

Increase comes due to receipt of $300mn commercial loan from ICBC

Published 20 Apr, 2023 05:35pm

Business & Finance

TAAP team meets FPCCI chief: ‘Massive mismanagement in forex blocks remittance of airlines’ proceeds since 10 months’

KARACHI: Irfan Iqbal Sheikh, President FPCCI, has apprised the federal government, State Bank, Civil Aviation...

Published 20 Apr, 2023 06:30am

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Import of spare-parts: Hubco concerned at forex ‘unavailability’

The power company faces severe challenges in importing spare parts due to which it is restrained from undertaking timely maintenance to ensure capacity

Updated 18 Apr, 2023 09:05am