Circular debt to be zero by December 2020: Omar Ayub

ISLAMABAD – Minister for Power Omar Ayub Khan on Friday expressed the confidence that circular debt will be completely overcome by December next year. The...

Global stocks recover with focus on trade, Brexit

Global stocks were rebounding on Friday following Thursday’s sell-off, with markets hoping for an easing in the US-China trade dispute and after British Prime Minister Theresa...

Reality bites after IMF tells Pakistan to leave rupee to market...

ISLAMABAD– Less than 10 months after coming to power in Pakistan with visions of creating a welfare system to lift millions out of poverty,...

Asia stocks flat as trade worries linger, Europe to open higher

TOKYO/HONG KONG - Asian stock markets were mixed on Friday, with sentiment torn between investors worried that the U.S.-China trade war was becoming more...

Commerce Division refers TCP Rs100mn TDR encashment case to NAB for...

ISLAMABAD– Trading Corporation of Pakistan (TCP) is the principal trading organ functioning under the administrative control of Commerce Division. It undertakes market operation of essential...

Naveed Kamran Baloch appointed as secretary finance

Mohammad Younus Dagha was removed as the secretary finance on Thursday, a notification issued by the Cabinet Secretariat/Establishment Division said. A separate notification announced the...

Indian stocks hit record highs on Modi polls lead

Indian stocks jumped to record highs on Thursday as early results in the world's biggest election showed Prime Minister Narendra Modi on course for...

US dollar maintains stable rates against rupee

KARACHI– The US dollar maintained stable rates against Pakistani rupee on Thursday morning, as it was being traded at Rs151.95 in the interbank market. Yesterday,...

Manchester Airports proposes to build stadium as part of bid for...

Britain’s largest airport operator, Manchester Airports Group (MAG), said it has proposed building a 600-million-euro (528 million pounds) stadium as part of its bid...

Next round of U.S. tariffs on China at least a month...

WASHINGTON/BEIJING- The United States is at least a month from enacting its proposed tariffs on $300 billion in Chinese imports as it studies the...

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