Weekly inflation rises by 3.73%
ISLAMABAD: Inflation in the last week surged by 3.73% brining the annual rate to a record high of 29.21%, according…
Repatriation of profits plunges by 80%
KARACHI: Foreign investors in Pakistan witnessed an alarming decline of around 80.30% in repatriation of profits and dividends during the…
China has rolled over $2.4b loans for two years: Dar
Finance Minister Ishaq Dar said on Thursday that China’s Export-Import (Exim) Bank rolled over $2.4 billion in loan payments for the…
TikTok to launch e-commerce platform
HONG KONG: TikTok plans to launch a programme in August to help Chinese merchants sell goods globally, and will officially…
Govt sees inflation slowing down to 27%
ISLAMABAD: The government on Wednesday said the pace of inflation would slow down to 27% this month but linked…
FBR freezes PIA’s accounts
KARACHI: The Federal Board of Revenue (FBR) has once again frozen the accounts of the Pakistan International Airlines (PIA) over…
Business community urges cessation of free power units
KARACHI: As the country grapples with a massive electricity tariff hike, the business community is demanding an end to the…
$10b deal forged with Saudi Arabia
ISLAMABAD: In a groundbreaking move, five Pakistani state-owned companies are set to collaborate with Saudi Arabia to execute a $10…
Dollar slips before Fed decision, euro rises on ECB hike bets
NEW YORK/LONDON: The dollar edged lower on Wednesday hours before the Federal Reserve is widely expected to raise interest rates…
Govt eyes 3.5% growth in FY2023
ISLAMABAD: The government has succeeded in ensuring the sustainability of the external and fiscal sectors through various tough decisions and…