NEW YORK: US stocks slid on Tuesday as 10-year Treasury yields hit the highly anticipated 3 percent mark for the first time in four years, stoking concerns over higher borrowing rates for companies already facing rising costs, and as quarterly... read more
GWADAR: For over a decade, Pakistani officials have dreamed of transforming the small but strategically located fishing port of Gwadar into a duty-free port and free economic zone – Pakistan’s answer to Dubai. The aim is for Gwadar – located... read more
ISLAMABAD, Apr 23 (APP): Utility Stores Corporation (USC) has proposed Rs 1.733 billion subsidy for Ramzan Relief Package in order to provide daily-use goods on controlled rates to facilitate people during holy month. The Corporation intends to provide 19 essential... read more
ISLAMABAD, Apr 23 (APP): The budget for the upcoming fiscal year 2018-19 will focus on economic stability and growth, as the government had taken feedback from all the stakeholders for preparing the budget, Rana Muhammad Afzal said Monday. Briefing the... read more
KARACHI: Prime Minister Shahid Khaqan Abbasi on Monday has said that China-Pakistan Economic Corridor (CPEC) has now become a reality, adding that CPEC will not only bring prosperity in Pakistan but in the entire region. "CPEC is a project of... read more
WASHINGTON: The gathering of world finance ministers began with heightened anxiety about the potential damage a US-China trade war could do to the economic recovery but ended Saturday with a door open to negotiations. International Monetary Fund (IMF) chief Christine... read more
ISLAMABAD: Adviser to Prime Minister on Finance, Revenue and Economic Affairs Miftah Ismail had told the IMF and World Bank that Pakistan was set to achieve high GDP growth rate during current year again and was hoping to maintain this... read more
SINGAPORE: Oil prices on Friday stayed near three-year highs reached earlier this week, with ongoing OPEC-led supply cuts and strong demand gradually drawing down excess supplies. Brent crude oil futures LCOc1 were at $73.74 per barrel at 0657 GMT, down... read more