Category: Business

Finance Minister Asad Umar on Wednesday addressed a live Question and Answer session on the state of the country’s economy. The session, broadcast live from social media accounts operated by the ruling Pakistan Tehreek-i-Insaf (PTI), saw the finance minister answer queries from an assortment of journalists from new and old media. Umar identified several reasons […]

KARACHI: Karachi Mayor Wasim Akhtar on Wednesday appealed to the prime minister to pay attention to poor conditions of the city’s hospitals which he said faced acute shortage of funds for procurement of medicines and essential items for patients. Talking to media after handing over different articles worth Rs20 million to the administration of the […]

ISLAMABAD: The Economic Coordina­tion Committee (ECC) of the cabinet on Wednesday ordered immediate import of 100,000 tonnes of urea after it was informed that its market price surged to Rs1,850 as the sowing season had just begun. The ECC meeting, which was presided over by Finance Minister Asad Umar, was informed that urea prices had […]

KARACHI: Pak Suzuki Motor Company Ltd (PSMCL) is expected to start commercial production of Alto 660cc from next week following the discontinuation of the 800cc Suzuki Mehran VX and VXR. Talking to Dawn, sources said the company has already given parts supply schedules to vendors and many of the orders have already been delivered. According […]

Pakistan will continue to face macroeconomic challenges despite steps to tighten fiscal and monetary policies to rein in high and unsustainable twin deficits, and in this backdrop, the country’s GDP is forecast to decelerate to 3.9 per cent in fiscal year 2019, says the Asian Development Bank (ADB) in a new report released on Wednesday. The report […]

Finance Minister Asad Umar on Wednesday addressed a live Question and Answer session on the state of the country’s economy. The session, broadcast live from social media accounts operated by the ruling Pakistan Tehreek-i-Insaf (PTI), saw the finance minister answer queries from an assortment of journalists from new and old media. Umar identified several reasons […]

ISLAMABAD: Revenue collection during the first nine months of the fiscal year showed marginal growth of three per cent posting a shortfall of more than Rs307 billion during July-March period. The total revenue collection was recorded at Rs2.690 trillion during the first nine months of this fiscal year as against Rs2.624tr collected over the same […]

Dubai’s Emirates NBD said on Wednesday it will buy Turkey’s Denizbank from Russia’s Sberbank at a roughly 20 percent discount to a previously agreed price, after a steep fall in the Turkish lira. Under a new agreement reached with state-owned Sberbank, Dubai’s largest lender said it will buy Turkey’s fifth largest private bank for 15.48 […]

Prime Minister Imran Khan on Wednesday reminded government ministers that Pakistan’s “untouched” scenic sites will be ruined if tourism in the country is not regulated and appropriate laws are not implemented. Addressing the Pakistan Tourism Summit in Islamabad, where several renowned foreign travel bloggers were in attendance, the premier said the fact that Pakistan is […]

• Govt introducing further budgetary measures ahead of IMF programme• Finance minister says non-filers can also purchase and sell properties of any value from July• Interest payments anticipated at Rs2tr• Defence expenditures will go up due to tension with India ISLAMABAD: The government is planning to introduce another amnesty scheme to provide non-filers of tax returns an opportunity […]