You are here:    Home      Posts tagged "economy"

Non-filers are allowed to buy cars and properties, but ex-minister is unhappy

Ismail said the government has removed the ban for whole of Pakistan in the name of overseas Pakistanis.

Read More
 

CPEC is economic future of Pakistan: General Bajwa

CPEC security shall never be compromised, says army chief

Read More
 

Qatar opens up permanent residency for certain expats

Qatar on Wednesday approved a law to grant permanent residency to foreigners, but not without certain conditions. According to state-run Qatar News Agency, the permanent residency will be for a limited number of expatriates. Officials said Emir Sheikh Tamim bin Hamad Al Thani has issued a decree allowing a maximum of 100 expatriates to gain…

Read More
 

No, the Rs5,000 note is not being phased out

This is yet another WhatsApp rumour

Read More
 

The govt will give PSO Rs10b because power companies aren’t paying it for oil

The federal cabinet’s Economic Coordination Committee (ECC) approved on Wednesday a Rs10 billion financial injection for the cash-strapped Pakistan State Oil (PSO) because power supply companies did not pay their dues. This is because the power companies are also suffering losses. The ECC held its first meeting since the change of government under Finance, Revenue…

Read More
 

PM Imran Khan will skip the UN General Assembly next month

Foreign Minister Shah Mehmood Qureshi will head the Pakistani delegation at the 73rd UN General Assembly session set to open on September 18

Read More
 

Five major challenges facing Imran Khan’s government

New government led by Prime Minister Imran Khan faces myriad challenges. The cricketing icon turned politician will have to make hard choices, and quickly. Here is a rundown of the biggest hurdles Pakistan is facing: – Economy – Analysts have warned the new government will have to act fast as the country teeters on the…

Read More
 

Turkey’s lira weakens more than 6% on threat of more US sanctions

Turkey’s battered lira weakened more than 6 percent against the dollar on Friday, after a U.S. warning that Ankara should expect more economic sanctions unless it hands over detained American evangelical pastor Andrew Brunson. It has lost nearly 40 percent of its value against the dollar this year, hit by both the diplomatic rift and…

Read More
 

India doubles import tax on textile products, may hit China

India doubled the import tax on more than 300 textile products to 20 percent on Tuesday as the world’s biggest producer of cotton tries to curb rising imports from China. It was the second tax hike on textiles in as many months after an increase on other products including fiber and apparels last month. The…

Read More
 

Rupee’s comeback is temporary, further drop is on the cards

The Pakistani rupee hit an all-time high of Rs130.5 against the dollar in the open market on July 20, but rebounded sharply in the following week and closed at Rs122 on Monday. This comeback, however, is temporary because both international and local analysts say the currency may depreciate another 10% to 15% and cross Rs140…

Read More
 

Is Imran Khan’s economic vision achievable?

The economic vision of upcoming prime minister Imran Khan is alluring

Read More
 

Pakistan to knock on IMF’s door, predicts Moody’s

Pakistan will turn to the International Monetary Fund (IMF) to meet its external financing needs, Moody’s Investors Service said in a note on Friday. With the election results almost complete, the PTI looks set to form a majority government with the help of independents and smaller parties, putting fears of a hung parliament or weak…

Read More
 

Deals worth $192 billion signed during Farnborough airshow

England’s Farnborough airshow this week saw deals worth $192 billion (164 billion euros), a jump of more than 50 percent compared to 2016, in a sign of “confidence in global trade”, organisers said Saturday.

Read More
 

US to respond to concerns over trade policy at G20: official

US Treasury Secretary Steven Mnuchin will have the opportunity to address concerns about Washington’s trade policies during a meeting of the world’s leading finance ministers this weekend, a senior Treasury official said Tuesday. However, the official said Mnuchin has no plans for a separate meeting with Chinese officials to try to resolve the trade conflict…

Read More
 

Big business gives new govt a first 100-day economy cheat sheet

A list of things to do created by the Pakistan Business Council for whoever comes into power after the elections

Read More
 

China counter-punches against US in growing trade war

China on Friday struck back against US President Donald Trump’s trade offensive, intensifying the expanding and unpredictable dispute between the world’s two largest economies. Late Friday, China announced it was expanding its existing complaint against the United States at the World Trade Organization, hours after the countries slapped tit-for-tat tariffs on billions of dollars of…

Read More
 

China eyes eastern Europe investment as US trade war sizzles

As a trade war rages between China and the US, Chinese Premier Li Keqiang is meeting leaders from central and eastern Europe in Bulgaria on Saturday to discuss investment opportunities. Road and rail projects funded by China will be high on the agenda at the summit, which has raised concerns in Brussels and richer Western…

Read More
 

Indian rupee hits all-time low against US dollar

The Indian rupee slumped to an all-time low against the US dollar on Thursday as the currency comes under increasing pressure from rising oil prices. The rupee, Asia’s worst performing currency according to Bloomberg News, fell to 69.10 against the greenback in early trade before recovering slightly to 68.93 later. India is a massive importer…

Read More
 

Pakistan Eurobonds fall after rupee slump

Pakistan’s Eurobonds fell on Monday following what traders said appeared to be the country’s third currency devaluation in seven months. The 2027-maturing bond fell 0.75 cents to trade at 89.76 cents – the first time the bond had slipped below the 90 cent mark, Thomson Reuters data showed. A 2025 bond fell 0.61 cents as…

Read More
 

The G7/G8: where the big powers meet informally

The G7, which ends a two-day summit in Canada on Saturday against a background of tensions, is an informal grouping of major powers created in 1975. Originally established as a vehicle for leading industrialised democracies to discuss the global economy, it has expanded its scope to issues such as peace, the environment and terrorism. Often…

Read More
 

Starting a business in Pakistan is difficult: Youngsters

Youngsters in Pakistan believe that starting a business of your own is one of the difficult tasks in the country. They said that it’s not easy starting a business venture of your own in Pakistan as compared to the countries where it’s just a click away. The youngsters stated that it is easy to set…

Read More
 
 

Must See

 

Samaa Cartoons

 
 
 

Most Read

 

In the News