Business

Pakistan receives 2 bln from China - SBP
Business

Pakistan receives $2.1 bln from China: SBP

Islamabad: China on Monday deposited $2.1 billion into State Bank of Pakistan’s (SBP) foreign currency reserves to address the balance of payment issue.

Pakistan has not accepted any IMF condition: Asad Umar

Islamabad: Finance Minister Asad Umar on Monday revealed that Pakistan has not accepted even a single condition of International Monetary Fund (IMF) for bailout package thus far. ...

Uber to buy rival Careem in $3.1 billion deal

San Francisco (AFP): Uber is set to buy its Middle Eastern rival Careem for $3.1 billion, financial news agency Bloomberg reported Sunday. ...

Pakistan's cement exports increased by 69.07% on yearly basis in Feb 2019

Islamabad: The cement exports during first eight months of the current fiscal year from Jul 2018 to Feb 2019 period registered a growth of 52.30 per cent to 4.65 million tons from 3.05m tons exported in the corresponding period of last year. ...

Pakistan to receive $2.1 bln from China by March 25

Islamabad: Spokesperson and Advisor to Finance Ministry, Dr Khaqan Hassan Najeeb, on Thursday stated that China will deposit USD 2.1 billion in State Bank of Pakistan (SBP) by March 25. ...

FM Qureshi lauds Chinese support for Pakistan’s economic prosperity

Beijing: Foreign Minister Shah Mehmood Qureshi has reaffirmed Pakistan’s commitment to China-Pakistan Economic Corridor (CPEC) project and said that the mega project is contributing to the country’s economic development and prosperity, said a statement issued by the Pakistan Foreign Office. ...

Honda says any Brexit delay must be long enough to give stability

London: Japanese carmaker Honda said any delay to Brexit must be long enough to give businesses stability whilst BMW is still preparing for a “worst-case scenario” no-deal Brexit after lawmakers backed postponing Britain’s exit from the EU. ...

Finance minister hints at raising power tariffs again

Islamabad: Finance Minister Asad Umar on Wednesday hinted at further hiking power tariffs. ...

Pakistan receives another $1 bln from UAE

Karachi: Pakistan’s foreign exchange reserves on Tuesday soared to $15.96 billion mark as United Arab Emirates (UAE) transferred another $1 billion to State Bank of Pakistan (SBP). ...