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Banking system running on 19th century model
FINCA Microfinance Bank CEO asks govt to help digital banking flourish
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Tribune Take: PSX witnesses only three IPOs in 2018
Market hopes to see eight new listings next year led by Interloop Limited
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SNGPL unable to ink LNG purchase deal as demand falls
Power producers reluctant to give firm LNG supply orders because they consume oil
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Tribune Take: E-commerce grows massively in 2018 due to larger internet use
Experts suggest Alibaba is putting in place complete e-commerce setup with purchase of Daraz, microfinance bank
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Pakistan to pay China $40b on $26.5b CPEC investments in 20 years
Repayments of debt and dividends to be made against $26.5 billion Chinese investment under CPEC
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‘Industrialisation policy to be framed to boost exports’
Besides textile, focus will also be on engineering, chemical, IT and agriculture sectors
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Pakistan Railways to lay high-speed double track
Minister inaugurates first cargo train under public-private partnership
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Court grants bail to Nissan executive linked to financial misconduct
Kelly gets bail on condition he should not leave Japan or destroy evidence
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Dollar hits 4-month low vs yen as chaos engulfs Washington
Investors cut riskier asset holdings on confrontation between White House, central bank
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Used tractor imports feared to hurt local industry
Tractor assembler says import will cause heavy unemployment
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‘Pakistan to progress under CPEC’
'Strong media collaboration with specific coverage of areas of growth could play important role'
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FBR considering mobile app
FBR would also focus on mapping big businesses and services
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Rupee strengthens against dollar
Cumulatively, the rupee has lost 31.8% of its value in the last 12 months
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Finance minister vows to give Balochistan due share in CPEC
Asad Umar says SEZ will be established in the province under PSDP
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Poor safety standards pose threat to workers’ health
ILO says 70% of workers work in informal sector in Pakistan, are subject to poor working conditions
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Ogra allows SNGPL recover loss from 'honest' users
Gas utility to collect 2.6 per cent unaccounted for gas (UFG) from 2012 to 2017.
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Textile value addition: Govt taking steps to make industry competitive
PM aide insists economy will improve soon due to right policies
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K-Electric acquisition: Shanghai Electric receives nine-month extension
Deal may be executed at 15-20% discount over price of $1.77b agreed in Oct 2016
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PPP senators warn of blocking Sindh gas supply to provinces
Emphasise Sindh has first right to consume gas produced in the province
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Jul-Nov 2018: Pakistan receives only $1.7b in foreign loans
Low disbursement unlikely to take pressure off foreign currency reserves
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Market watch: KSE-100 inches up in lacklustre trading
Benchmark index increases 57.88 points to settle at 38,308.92
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PIA starts flights to Bangkok and Kuala Lumpur
Twice-weekly flights will fly from Lahore to the two cities
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Pakistan stuck in cycle of less sophisticated products
It is crucial to promote R&D in order to become globally competitive
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Gender equality can help raise country’s GDP by 60%
So far, women have limited opportunities to participate in economic activities
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Oil slump a blessing to put economy back on track
Low crude prices provide govt fiscal space, allow it to go easy on monetary tightening
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Modern deep-conversion refineries needed to avoid furnace oil glut
They will produce only 2-3% furnace oil, mainly churn out gasoline and diesel
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Intervention indispensable to control rupee’s value
It is not wise to leave exchange rate completely at mercy of market forces
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FO to host two-day conference to attract foreign investment
Foreign Minister Shah Mehmood Qureshi says the government taking practical steps for strengthening economy
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Textile, apparel: Young innovative firms key drivers of job growth
Newly established small-scale units are widely involved in making innovations
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Trade with Pakistan: Maldives wants to import more
Maldives has mostly been importing rice, fruits and vegetables from Pakistan
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Businesses get facility for online property tax payment
Excise dept installs first machine at FCCI, will set up more at public places
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Stock trading remains dull as KSE-100 index loses 355 points
Investors stay on sidelines due to unimpressive economic outlook
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Government plans to conduct survey of IT skills
Includes private sector in IT task force to attract investment, train youth
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Karachi-Lahore route: Railways, private sector to launch new cargo train
Service will kick off on Dec 25; each train will have capacity to carry 75-80 containers, generate revenue of Rs2.4m
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KASB Bank merger case: PM gives directive to remove names of accused from ECL
NAB called for putting the accused on ECL due to loss caused by merger of two banks
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Volkswagen says diesel scandal clean-up to cost €2b in 2019
Since 2015, the German carmaker has paid more than €27b to settle investor, consumer lawsuits
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India cuts tax rates on some goods after election loss
Reduction is aimed at appealing to traders and middle class
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Trump has discussed firing US Federal Reserve Chairman Powell: Bloomberg
President’s frustration with central bank Chief intensified after this week's interest rate increase
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‘Govt focusing on socio-economic empowerment of women’
Women entrepreneurs plays a significant role in the economic development of any country, says Dawood
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Media aide meets PAA delegation
Yousaf Baig Mirza and Shafqat Jalil met a PAA delegation
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ABL holds Islamic banking seminar
Allied Aitbaar Islamic Banking is having a network of 117 exclusive Islamic banking
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SPI increases 0.12%
During the week, average prices of 17 items rose in a selected basket of goods
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Rupee weakens against dollar
Cumulatively, the rupee has lost 31.8% of its value in the last 12 months
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Financing deal signed for 330MW power project
Thar Energy will consume domestic lignite coal
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Govt to cut advance tax on stockbrokers
Government would take drastic steps to develop the capital market and promote investment, said Ismail
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Pakistan, China set new targets for cooperation
Minister says work on CPEC accelerated and scope expanded to cover diverse areas
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Aviation minister calls for attracting more airlines
Directs CAA to set up advance mechanism for resolving issues
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With UAE aid, Pakistan bridges half of financing gap
Country may have to borrow $4.5b from foreign banks to meet financing requirement of $22b for FY19
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Cigarette manufacturer says sin tax will cut market share
Insists increase in taxes will not reduce cigarette consumption in Pakistan
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ADB says it is financing CPEC projects
Bank says it is already financing three projects in Pakistan that are under the umbrella of both CPEC and CAREC