Category: Economy

ADB enhances limit for private sector operations in Pakistan

ADB enhances limit for private sector operations in Pakistan

ISLAMABAD: The Asian Development Bank has increased limit for private sector operations in Pakistan from 700 million dollars to 1.7 billion dollars. ADB’s Executive...

Tesla Motors fires hundreds of workers after performance reviews

Tesla Motors fires hundreds of workers after performance reviews

NEWS DESK: Tesla Motors fired hundreds of workers after completing its annual performance reviews this week, even though the electric automaker is trying to ramp up...

Overseas Pakistanis remit US $1.54 bln in July 2017

Overseas Pakistanis remit US $1.54 bln in July 2017

KARACHI: Overseas Pakistani workers remitted US $1541.67 million in July, the first month of the fiscal year 2017-18 (FY18), as compared with US $ 1328.18 million...

Ishaq Dar takes notice of sugar price hike

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar Tuesday took strong notice of media reports regarding hike in the sugar prices. The finance minister directed...

Here’s the list of what’s costly after this budget

Here’s the list of what’s costly after this budget

Want to know how the new budget impacts your daily life? Here are the goods and services that budget 2017-18 has made expensive: As a result of additional levy, at least...

Railways reduces fares for Ramazan

Railways reduces fares for Ramazan

ISLAMABAD: Pakistan Railways has announced to decrease fare of all classes of all trains up to 20 percent. According to Radio Pakistan, the reduction in fares will be...

SBP sets Nisab for Zakat deduction

SBP sets Nisab for Zakat deduction

KARACHI: The State Bank of Pakistan has fixed Nisab for deduction of Zakat from specific bank accounts at Rs.38,406 for the year 1437-38 A.H. The Zakat will be deducted...

Govt focusing on regional connectivity for economic progress: FO

Govt focusing on regional connectivity for economic progress: FO

ISLAMABAD: The government is focusing on regional connectivity for achieving economic progress, Pakistan’s Foreign Office said. This was stated by spokesperson of the...

PSX achieves another milestone

PSX achieves another milestone

KARACHI: Morgan Stanley Capital International has upgraded the status of Pakistan Stock Exchange from Frontier Market to Emerging Market. MSCI Inc. is an American...

PM visits Alibaba Group HQ in China, offers bright prospects for e-commerce

PM visits Alibaba Group HQ in China, offers bright prospects for e-commerce

BEIJING: Prime Minister Nawaz Sharif visited offices of Alibaba company in Zhejiang on Tuesday. In his remarks on the occasion, he said Pakistan is an emerging economy...