Business & Economy

ISLAMABAD, May 01 (APP):Federal Minister for Finance and Revenue, Miftah Ismail here on Sunday appreciated the Federal Board of Revenue (FBR) for achieving 28.7% growth in revenues, expressing the hope that the team would perform better and to the expectations of the nation. “With the […]

LAHORE, Apr 30 (APP): Minister for Railways and Aviation Khawaja Saad Rafique expressed concern over stoppage of ML-1 project by the previous regime. Presiding over the meeting on development plans, Rabita Application and the latest situation of ML-1 here on Saturday, the Federal Minister said […]

ISLAMABAD, Apr 30 (APP): The government on Saturday kept prices of petroleum products unchanged for next fortnight so that consumers are not burdened with price hike, Finance Ministry said in a statement issued here. “In the fortnightly review of petroleum products’ prices, Prime Minister has […]

ISLAMABAD, Apr 30 (APP):The fiscal deficit was recorded at 4 percent of Gross Domestic Product (GDP) during the first three quarters (July-March) of the current fiscal year (2021-22) against 3.0 percent of GDP (on the basis of revised GDP) last year, says Monthly Economic Update […]

ISLAMABAD, APRIL 30 (Online): Ambassador of Pakistan to Italy, Jauhar Saleem has said Pakistan and Italy will sign a labour agreement soon aimed at providing employment opportunities to Pakistan’s skilled labor in Italian market. Talking to the media through video link from Rome, he said […]

ISLAMABAD, April 30 (Online): The Pakistan Economy Watch (PEW) on Saturday said despite being a rich country, Pakistan depends on foreign loans for its survival because its economy is non-productive. Profit in non-productive sectors is much higher than in the productive sectors therefore the investment […]

Washington, April 29 (AFP/APP): The IMF’s Executive Board on Friday approved a two-year, $9.8 billion credit line for Colombia that the South American country can use to help its economy weather shocks from abroad. “The new arrangement under the Flexible Credit Line will reinforce market […]

Madrid, April 29 (AFP/APP): Spain on Friday slashed its economic growth forecast for 2022, mainly due to the fallout of Russia’s invasion of Ukraine which has fuelled inflation and hurt consumer demand. The gross domestic product of the eurozone’s fourth-largest economy is now expected to […]

Moscow, April 29 (AFP/APP): Russia’s central bank Friday said it was cutting its key interest rate for a second straight time as risks of price rises and financial instability were no longer rising. The Bank of Russia said it was slashing the rate from 17 […]

Tripoli, April 29 (AFP/APP): Libya is losing tens of millions of dollars a day from the shutdown of its oil facilities, while global prices are at their highest in years, the country’s oil minister told AFP. Oil is the lifeblood of the North African country […]