ISLAMABAD – The coalition government has decided to establish a Special Investment Facilitation Council (SIFC) to attract foreign investment with Pakistan Army giving a formal role. During a high-level meeting, Prime Minister Shehbaz Sharif informed the participants about the decision. The ...

*ISLAMABAD- State Bank of Pakistan (SBP) on Tuesday said that Pakistan’s economic revival is on a sound and sustainable footing after the country’s Current Account Balance (CAB) posted a deficit of $200 million in April 2021.* “CAB posted a small deficit of $200mn in Apr 2021, 61 percent ...

Pakistan’s total oil sales rose by 11 percent to 11.27 million tons during the first seven months of the fiscal year 2020-2021 (FY21) as compared to 10.14 million tons in the corresponding period. The increase is being said to have happened due to a massive jump in demand for furnace oil (FO), ...

ISLAMABAD-Managing Director Tourism Corporation Khyber Pakhtunkhwa Junaid Khan says tourism will play a major role in the economic revival of the country.  In a statement in Peshawar, he said the provincial government has allocated more than four point four billion rupees for roads ...

ISLAMABAD: In another positive development, Pakistan Stock Exchange strongly bounces back on economic revival. The bullish sentiments ruled the Pakistan Stock Exchange (PSX) during the whole trading week, lifting the KSE-100 index by 1605.73 points to 37,583.89 points on the last trading day ...

ISLAMABAD - Pakistan Stock Exchange has gone on to reach 37000 points, which is its highest in the last six months since April 29, 2019, on a closing basis. The index had gained during eight sessions consecutively before yesterday. At the end of the day, the benchmark KSE-100 Index closed 401 ...

ISLAMABAD - In signs of economic revival, Pakistan foreign exchange reserves and currency rises. While Pakistani Rupee hits fourth month high against US dollar, the foreign exchange reserves held by the central bank increased 0.72pc on a weekly basis, according to data released by the State Bank ...

*ISLAMABAD - * China and Russia have offered to revive multi billions Pakistan Steel Mills as its companies have expressed keen interest to make investments worth billions in Pakistan Steel Mills. *Prime Minister Imran Khan was apprised of the Chinese and Russian companies offer during a ...

Speaker National Assembly, Asad Qaiser has stressed the need that all political parties to sit together for economic revival of the country. Taking to private news channel, he pledged to play a role to convince the opposition parties to sit together for developing consensus on Charter of Economy ...

ISLAMABAD - Advisor to Prime Minister on Finance Dr. Abdul Hafeez Sheikh says economy will be in stabilization mode over next six to twelve months before moving in the phase of recovery and high growth. He was unveiling economic roadmap at a news conference in Islamabad this afternoon along with ...