EconomyPakistan
Pakistan government seeks another huge loan package from World Bank
ISLAMABAD – World Bank has approved a $1.692 billion financing package tosupport reconstruction efforts in Sindh after devastating floods. In...
EconomyPakistan
Pakistani Rupee makes a minor recovery against US dollar
Pakistan rupee recovered late to remain stable against the US dollar at theclose of the interbank trading Saturday after losing...
EconomyPakistan
Aviation Minister breaks silence over reports of sale of PIA Roosevelt Hotel in New York
ISLAMABAD – Aviation Minister Khawaja Saad Rafique said on Saturday newBoeing 777 will be inducted in the fleet of PIA...
EconomyPakistan
PIA joint venture with Turkish Airlines results in increase of revenue of national flag carrier
Pakistan International Airlines (PIA) joint venture with Turkish Airlineshas resulted in an increase in revenue of the national flag carrier....
Economy
Pakistan decides to import gas from Central Asian Republic
In order to cater to the rising energy demand during winter, the governmenthas decided to import additional gas from Azerbaijan...
Economy
Lahore to get underground mass transit system with ADB support
The Punjab cabinet approved an underground mass transit system for Lahorethis Friday, as well as the inclusion of subterranean blue...
Economy
Pakistan’s textile exports face a major setback
The country’s textile group exports declined by around 5 percent during thefirst five months (July-November) of the current fiscal year...
Economy
Shipments worth 300 million stranded at ports due lack of clearance of LCs from SBP
The State Bank of Pakistan (SBP) has cleared 30,000 pending cases ofletters of credit (LCs) and others will be cleared...
Economy
Massive increase in flour price recorded
Following Lahore, the price of flour jumped by Rs20 per kg on Sunday inKarachi which will put further pressure on...
Economy
Huge amount of US dollars being smuggled out from Pakistan
Talking about the rising value of the US dollar in Pakistan, FinanceMinister Ishaq Dar has pointed his finger at currency...