Shutdown bites economy, US Coast Guard, as talks to end impasse stallThe US economy is taking a larger-than-expected hit from the partial government shutdown, White House estimates showed on Tuesday, as contractors and even the Coast Guard go without pay and talks to e...
Foreign investment in Pakistan dropping dramatically under PTIThe significant fall in Pakistan's foreign investment in the first six months of Fiscal Year 2018-19 (FY19) has raised serious questions over the progress of current regime. Total foreign investment i...
Pakistan stocks close lower as investors await ‘Mini Budget’Pakistan's equities Wednesday closed on a negative note with benchmark KSE-100 Index losing 342 points, to finally settle at 39,272 levels, down 0.9 percent. The market started off on a weak note only...
Pakistan adopts IMF system to ensure transparency on economic dataPakistan has implemented the recommendations of the International Monetary Fund's (IMF) enhanced General Data Dissemination System (e-GDDS) by publishing critical data through the National Summary Dat...
Previous government missed all targets set in 11th five year planFederal Minister for Planning, Development & Reform & Statistics Division Makhdum Khusro Bakhtyar on Wednesday said the previous government missed all targets set in 11th five year plan adding...
Oil firm as supply cuts point to tighter market despite weakening economyOil prices firmed on Wednesday after climbing about 3 percent in the previous session as expectations that OPEC-led supply cuts will tighten markets despite signs of a global economic slowdown. Brent...
PML-N responsible for the economic mess: ICSTIslamabad Chamber of Small Traders (ICST) on Wednesday said the previous government of PML-N is responsible for the economic mess and hoped that this government will salvage the sinking economy. The f...
30-member Pakistani trade mission visits Saudi Arabia to promote trade cooperationA 30 member Pakistani trade mission including Ahmed Hassan Moughal, President, Islamabad Chamber of Commerce & Industry visited Saudi Export Development Authority (SEDA)t and held productive B2B m...
CPEC partnerships and external aid, means for economic revival: Asad UmarFinance Minister Asad Umar said on Wednesday that talks are continuing with the International Monetary Fund and Pakistan is seeking aid from the friendly countries for the last time. While addressing...