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Govt paints gloomy outlook of economy
ISLAMABAD: The government, while projecting further hike in inflation coupled with a slowdown of the economy, on Friday said that…
Finance minister confirms $2b loan roll over by China
ISLAMABAD: Finance Minister Ishaq Dar said on Friday China had rolled over a $2 billion loan that matured last week, providing…
China’s Alibaba to break empire
SHANGHAI: Alibaba Group is planning to split into six units and explore fundraisings or listings for most of them, it said on…
BRI is an opportunity for all countries: Iqbal
BEIJING:“The real beauty in the Belt and Road Initiative (BRI) is the spirit of sharing, China shares its success with developing…
Currency dealers offer $24b in loans to govt
KARACHI: Currency dealers in open market have offered loans of $24 billion to the government for the next two years to help it…
Riyadh signals readiness to provide more credit
ISLAMABAD: Pakistan claimed on Wednesday that it received an indication from Saudi Arabia for additional loans that may help to…
OGDCL’s receivables swell to Rs1tr
ISLAMABAD: The country’s largest state-run hydrocarbon producer, Oil and Gas Development Company Limited (OGDCL), has started…
Digital banks eye Pakistan’s unbanked population
KARACHI: Despite a general wait-and-see approach by global investors in Pakistan, digital banks are quietly moving ahead with…
Rupee stabilises against dollar at 283.55
KARACHI: Pakistani rupee continued to stabilise around current levels on Tuesday as it inched up 0.01%, or Rs0.03, and closed at…
200,000 MTs of Russian wheat processed
BEIJING: Gwadar port has successfully handled 200,000 metric tonnes of wheat imports from Russia in just 25 days, according to a…