Business News ,Pakistan Stock market, Economic News, Financial News

Measures being taken to improve stock exchange, Finance Minister

Federal Finance Minister Asad Umer said on Saturday that this is 19th International Monetary Fund (IMF) program Pakistan is approaching and said this will be the last time the country seeks a bailout from the…

October 20, 2018
Published in Business

Tanzanian businessman Mohammed Dewji at his office in Dar es Salaam, April 23, 2015. Africa's youngest billionaire was kidnapped Oct. 11, 2018, by gunmen in Tanzania and returned home safely Saturday.

African Billionaire Abducted in Tanzania Back Home Unharmed

Africa’s youngest billionaire, snatched a week ago off the street outside a luxury hotel in Tanzania, has returned home safely, the family company that he runs said Saturday.

October 20, 2018
Published in Business

FATF gives Pakistan six months to step up money laundering measures

The Financial Action Task Force (FATF) Asia Pacific Group on Friday given Pakistan more time to step up measures to curb money laundering.

October 20, 2018
Published in Business

Experts suggest steps for removing Pakistan from FATF grey list

A nine-member delegation of global experts on Thursday finalised a report envisaging a string of measures for de-listing Pakistan from the grey list of countries from September 2019.

October 19, 2018
Published in Business

VW planning on nationwide diesel cull through trade-ins

The Volkswagen (VW) Group has announced a package of measures aimed "to improve air quality in Germany through fleet renewal." The measures primarily center on scrappage deals for old diesels in 14 German cities.

October 18, 2018
Published in Business

MoU signed with UK to curb tax theft

Pakistan and Britain on Wednesday signed a memorandum of understanding (MoU) aimed at curbing tax theft and exchanging information about affluent Pakistani tax defaulters.

October 18, 2018
Published in Business

EU car sales slump as new test cycle kicks in

New car sales have taken a dive across the EU. But according to a trade group's analysis, the marked decrease is solely attributable to the introduction of a new emissions test cycle and a sales…

October 17, 2018
Published in Business

ECC approves to supply uninterrupted gas for export industry

ECC approves uninterrupted gas supply to export industry

Economic Coordination Committee at its meeting in Islamabad today approved the mechanism for supply of uninterrupted gas to zero rated export oriented industry.

October 16, 2018
Published in Business

Federal government likely to hike electricity tariff by Rs3.75

Federal government is likely to hike electricity tariff by up to Rs3.75 per unit this week.

October 15, 2018
Published in Business

Donald Trump: 'Nobody treats us much worse than the EU'

The comments targeting the trans-Atlantic relationship come as US-EU trade negotiations are in an early stage. In July, the two sides agreed to de-escalate a brewing trade fight.

October 15, 2018
Published in Business

Pakistan should disclose debts with absolute transparency: IMF

The International Monetary Fund (IMF) has asked Pakistan to disclose its debts with “absolute transparency” to receive a bailout package.

October 12, 2018
Published in Business

Customers wait outside a branch of the Bank of Khartoum, in Khartoum, Sudan, Sept. 11, 2017.

Sudan Economy Facing Crisis After Sharp Currency Dip

Many Sudanese are complaining after the government's sharp devaluation of the pound Sunday, cutting its official value almost in half, as an already serious economic crisis plagues the country.

October 11, 2018
Published in Business

Asad Umar Meets World Bank President Jim Yong Kim in Indonesia

Finance Minister Asad Umar held a meeting with the President of World Bank, Dr. Jim Yong Kim on the sidelines of the World Bank/IMF Group Annual meetings in Bali, Indonesia on Wednesday.

October 10, 2018
Published in Business

Pak-China sign eight MoU's worth 100 million for mutual investment

Pakistan and China have signed eight Memorandum of Understandings worth 100 million dollars for mutual investment in Seafood, Agriculture, Steel and Pharmaceutical sectors.

October 10, 2018
Published in Business