Business News
Emirates NBD Bank CEO calls on Abdul Hafiz Shaikh
ISLAMABAD: A five member delegation from Emirates NBD Bank called on the Adviser to Prime Minister on Finance, Dr. Abdul Hafiz Sheikh, here this morning.
The delegation was led by Mr. Fahad Al Qasim, CEO Emirates NBD Capital Limited.…
First tranche of $1 bln for Pakistan to be released soon: IMF
KARACHI: International Monetary Fund Mission chief for Pakistan Ernesto Ramirez-Rigo has said that the first tranche of $1 billion will be released soon.
Talking to media, Ernesto said that releasing loan would help stabilize the…
Sheikh reviews Naya Pakistan Economic Zone project
Adviser to Prime Minister on Finance, Dr. Abdul Hafiz Sheikh chaired a meeting to analyze the different financial models for “Naya Pakistan Economic Zone alongside Islamabad Expressway”.
Chairman Naya Pakistan Housing Association, Lt.…
Pakistan rejects western media report on CPEC
ISLAMABAD: Pakistan's Ministry of Planning clarified a news article carried by some sections of International media titled “IMF Won't Stop China From Turning Pakistan Into The Next Sri Lanka”, published on 04th July 2019.
"The article is…
ECC directs PD to divert surplus business to Pakistan Railways
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed the Petroleum Division to divert the surplus business to Pakistan Railways that offers the lowest freight charges as compared to other modes of transportation.…
IMF approves $6 billion loan for Pakistan
WASHINGTON: The International Monetary Fund on Wednesday approved a $6 billion, three-year loan for Pakistan to try to right the South Asian nation's economy.
With the IMF board's approval, the fund released $1 billion to Pakistan…
IMF expected to give final nod to Pakistan’s bailout package today
ISLAMABAD: The International Monetary Funds (IMF) executive board will decide about the approval of the bailout package today.
PM Khan takes notice of soaring prices
Taking cognizance of increasing inflation, the prime minister ordered action against people artificially inflating the prices of essential commodities.
US dollar further rises to Rs162 in interbank trading
KARACHI: The US Dollar reached a new high at Rs162 in the interbank market.
PM’s aide thanks Qatari Emir for $3 billion investments, deposits
ISLAMABAD: Adviser to Prime Minister Imran Khan on Finance Dr Abdul Hafeez Shaikh expressed his gratitude to Qatari Emir Sheikh Tamim Bin Bamad Al Thani for announcing US3 billion in despoists and direct investments for Pakistan.
Taking…