Foreign direct investment falls by 58.4pc in July – August

KARACHI: The inflow of foreign direct investment (FDI) has declined 58.4 percent in the first two months of current fiscal year, according to data released by State Bank of Pakistan (SBP) on... Read more »

Privatization of National Bank, State Life Insurance under consideration: Dr. Hafeez Shaikh

ISLAMABAD: The government is considering privatization of big entities such as National Bank of Pakistan (NBP) and State Life Insurance Corporation for better results. Read more »

Remittances decline by 8.37pc to $3.73 billion in July – August

KARACHI: The inflows of workers’ remittances have declined by 8.37 percent to $3.73 billion during first two months (July – August) 2019/2020 as compared with $4.071 billion in the same months of... Read more »

Govt plans issuance of Eurobond, Sukuk in international capital markets; intends to hire consortia

ISLAMABAD: The government has planned to set up a Medium Term Note (MTN) Program for issuance of US Dollar denominated Eurobonds and Sukuk in the international capital markets. Read more »

Total SECP registered companies increases to 104,030 by August

ISLAMABAD: The total registered companies with Securities and Exchange Commission of Pakistan (SECP) has reached to 104,030 by end of August 2019, a statement said on Thursday. Read more »

Pakistan’s foreign exchange reserves increase by $132 million to $15.751 billion

KARACHI: The liquid foreign exchange reserves of the country have increased by $132 million to $15.751 billion by week ended September 06, 2019, State Bank of Pakistan (SBP) said on Thursday. Read more »

Pakistan not renegotiating IMF-program

ISLAMABAD: Pakistan is not renegotiating IMF program and the country remains committed to implement the policies and reforms spelled out in the IMF-supported program, said a clarification issued on Friday. Read more »

Foreign exchange reserves flat at $15.619 billion

KARACHI: The liquid foreign exchange reserves of the country has increased by $10 million to $15.619 billion by August 30, 2019 as compared with $15.629 billion a week ago, the State Bank... Read more »

Rebasing lowers average inflation for July-August

ISLAMABAD: The average headline inflation i.e. Consumer Price Index (CPI) was calculated at 9.44 for the months of July and August, 2019 on the basis of revised base year, a statement said... Read more »

Simplified tax regime for non-residents approved: Dr. Hafeez Shaikh

ISLAMABAD: The Economic Coordination Committee (ECC) on Wednesday approved a simplified tax regime to facilitate the non-resident companies for investment in the local capital market. Read more »

Two cellular companies pay $449 million as license renewal fees

ISLAMABAD: The government has received $449 million from two cellular companies as license renewal fees. Read more »