Current account deficit jumps 3.5pc
KARACHI: Pakistan’s current account deficit (CAD) increased by 3.5% MoM during November 2018 to $1.255 billion (5.2% of GDP). A sharp 19.6% MoM drop in workers’ remittances was the major…
Pakistan seeks long-term ties with lending institutions and Chinese firms
ISLAMABAD: Minister for Planning, Development & Reform (PD&R), Makhdum Khusro Bakhtyar has invited Asian Infrastructure Investment Bank (AIIB) and Chinese corporate leaders to forge a sustainable long-term partnership with Pakistan…
Asad orders FBR to improve refund system for early processing of exporters’ claims
ISLAMABAD: Finance Minister Asad Umar has advised Federal Board of Revenue (FBR) to review and improve the Expeditious Refund System (ERS) parameters to ensure early processing of exporters’ claims. He…
ADB to provide $2.3bn program lending to Pakistan in 3 years
KARACHI: Asian Development Bank (ADB) will provide programme lending facility to Pakistan to the tune of $2.3 billion in the next three years, starting 2019, in the spheres of future…
Betel nuts smuggling: Nine accused get bail against solvent surety of Rs200,000 each
KARACHI: The Special Customs Court, Link judge admitted nine accused to bail against a solvent surety of rupees 200,000 each. The applicants/accused were booked on charge of smuggling 5,000 kilograms…