The Asian Development Bank (ADB) on Monday approved a $300 million policy-based loan to help Pakistan strengthen its finance sector by supporting measures to develop competitive capital markets and encouraging private sector investment in the country, said a statement issued by the lender. “Capital markets act as a major catalyst in transforming the economy into مزید پڑھیں

The United States has imposed restrictions on exports to China’s biggest chip maker SMIC after concluding there is an “unacceptable risk” equipment supplied to it could be used for military purposes. Suppliers of certain equipment to Semiconductor Manufacturing Intern­ational Corporation will now have to apply for individual export licenses, according to a letter from the مزید پڑھیں

The State Bank of Pakistan (SBP) on Thursday announced a decline in foreign reserves of the country by United States Dollar (USD) 119 million owing to external debt repayments by the government during the week ending on 18th of September. According to a release issued by the central bank, the total liquid foreign reserves held مزید پڑھیں

The National Electric Power Regulatory Authority (NEPRA) on Thursday approved an increase in the power tariff by Rs1.62 per unit on account of fuel adjustment cost for the second and third quarters of FY 2019-20. If the government approves NEPRA’s tariff hike, consumers will have to bear the burden of Rs164.87bn. The decision by the مزید پڑھیں

As textile exporters continue to face gas shortages, Sindh Government Spokesperson and Adviser to Chief Minister Barrister Murtaza Wahab on Tuesday urged the federal government to immediately resolve gas shortage issues being faced by Karachi-based industrialists. Addressing Korangi Association of Trade and Industry (Kati) members on Tuesday, he said that Sindh has first right on مزید پڑھیں

Rolls-Royce shares hit 16-year lows on Monday after the engine maker confirmed it was considering a rights issue of up to 2.5 billion pounds ($3.23 billion) following months of speculation about its finances. Britain’s best-known engineering company, which makes engines for airliners, military jets and ships, put out a statement on Saturday in response to مزید پڑھیں

The International Monetary Fund seeks a further limit on short-term borrowings for filling budget gaps, as Pakistan’s gross financing needs may remain close to 31% of the size of its economy in this fiscal year – which are higher than previous estimates. Pakistan and the IMF have been finalising the details of the country’s financing مزید پڑھیں

The State Bank of Pakistan (SBP) will announce its decision on the monetary policy today with the analysts forecasting that there will be no change in the current policy rate. The central bank announced on Twitter that the SBP’s Monetary Policy Committee (MPC) is meeting today to discuss the country’s monetary policy for the next مزید پڑھیں

Water and Power Development Authority (WAPDA) has commenced recruitments of Grade 6 to 16 officials for the construction of Diamer-Bhasha dam project. The WAPDA spokesperson said that the authority has advertised the recruitments on 124 vacancies for the Grade 6 and 16 employees for the construction of the Diamer-Bhasha dam. It added that the residents مزید پڑھیں

The first two months of the ongoing fiscal year 2020-21 witnessed 40 per cent increase in foreign direct investment (FDI). According to data released by the State Bank of Pakistan (SBP), the FDI from July to August was recorded $220.7million. Major investments were recorded from Norway, Malta and Netherlands, the report further added. Norway remained مزید پڑھیں