ECC directs USC to ensure essential items availability during Ramazan

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday directed Utility Stores Corporation (USC) to ensure availability of essential items during the holy month of Ramazan. Read more »

Senior citizens allowed investment in national savings on expired CNICs

KARACHI: The Central Directorate of National Savings (CDNS) has directed its zonal offices to adhere the policy of the central bank regarding facilitating senior citizens above age 65 years in making investment... Read more »

ECC may approve sovereign guarantee for Utility Stores Corporation

ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) may grant formal approval for sovereign guarantee for Utility Stores Corporation (USC) in its meeting scheduled for April 17, 2019. Read more »

IMF mission to visit Pakistan by end of April

KARACHI: An IMF mission will visit Pakistan by the end of April to continue discussions for new loan program, a statement said on Monday. Read more »

Sensitive price inflation grows by 12.02 percent

KARACHI: The prices of essential items have registered 12.02 percent growth by week ended April 11, 2019 as compared with corresponding week last year, according to data released by Pakistan Bureau of... Read more »

AGP asked to conduct special audit of DRAP

ISLAMABAD: Auditor General of Pakistan (AGP) has been asked to conduct special audit of Drug Regulatory Authority of Pakistan (DRAP) for past five fiscal years. Read more »

CPEC to open new vistas of opportunities for entire region: Imran Khan

ISLAMABAD: Prime Minister Imran Khan on Thursday said that China-Pakistan Economic Corridor (CPEC) project will open new vistas of opportunities for the entire region. Read more »

Foreign exchange reserves deplete by $169m to $17.228bn

KARACHI: Foreign exchange reserves of the country fell by $169 million to $17.228 billion by week ended April 05, 2019 as compared with $17.397 billion a week ago, State Bank of Pakistan... Read more »

Trade deficit contracts by 13.02 percent to $23.67 billion in nine months

ISLAMABAD: Pakistan’s trade deficit has contracted by 13.02 percent during first nine months (July – March) 2018/2019 due to significant decline in import bill in the same period, according to trade data... Read more »

Remittances increase to $16.1 billion in July – March

KARACHI: Overseas Pakistani workers have remitted $16.1 billion during first nine months (July – March) 2018/2019 as compared with $14.8 billion in the same period of the last fiscal year, showing 8.74... Read more »

Higher duties create anti-export bias: World Bank highlights constraints to Pakistan’s exporters

KARACHI: World Bank has identified three main constraints that are directly affecting Pakistan exporters. These are the anti-export bias of its trade policy, the inadequate export promotion infrastructure, and an ambiguous regulatory... Read more »

World Bank projects Pakistan’s growth to decelerate in FY19, FY20

KARACHI: World Bank has projected lower GDP growth for Pakistan during two fiscal years i.e. 2018/2019 and 2019/2020 to 3.4 percent and 2.7 percent, respectively. Read more »