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    India makes first crude oil payment to UAE in Indian rupees

    India makes first crude oil payment to UAE in Indian rupees

    15 Aug 2023

    India and the United Arab Emirates have started settling bilateral trade in their local currencies with India's top refiner making payment in rupees for purchase of a million barrels...

    Digital bank accounts in the offing for overseas Pakistanis

    Digital bank accounts in the offing for overseas Pakistanis

    04 Jun 2020

    The State Bank of Pakistan (SBP) is considering the introduction of digital bank accounts for overseas Pakistanis, the central bank’s governor, Reza Baqir, said. “They will not have to be...

    Pakistan’s inflation rate to drop

    Pakistan’s inflation rate to drop

    09 Apr 2020

    The Asian Development Bank has projected that Pakistan’s inflation rate would slow down to 8.3 per cent in the fiscal year 2020-21. “Inflation is forecast to decelerate to 8.3 per...

    Tax relief for UAE investments in India

    Tax relief for UAE investments in India

    06 Feb 2020

    In line with its ongoing efforts to create an ideal investment environment internationally, the UAE, in coordination with the relevant authorities in India, has managed to reach tax exemptions for...

    Pakistan set to reduce fiscal deficit to 4 per cent, says minister

    Pakistan set to reduce fiscal deficit to 4 per cent, says minister

    19 Jan 2020

    Pakistan Minister for Economic Affairs Hammad Azhar has said the government has set the target of reducing fiscal deficit to four per cent in the next one or two years....

    Pakistan to establish first restructuring company

    Pakistan to establish first restructuring company

    12 Jan 2020

    Prime Minister Imran Khan has taken one more step towards economic development as the federal government decided to establish Pakistan’s first corporate restructuring company. The upcoming entity, Pakistan Corporate Restructuring...

    Sensex closes flat as Indian telcos raise tariffs by up to 40 per cent

    Sensex closes flat as Indian telcos raise tariffs by up to 40 per cent

    02 Dec 2019

    Growth worries following the dismal second quarter GDP numbers led most stocks to end lower on Monday which was most visible in the broader markets as the BSE mid-cap index...

    India's central bank unveils $24b windfall for government

    India's central bank unveils $24b windfall for government

    27 Aug 2019

    India's central bank has announced a $24-billion windfall for the cash-strapped government, giving a much-needed boost to Prime Minister Narendra Modi as he seeks to kickstart growth in Asia's...

    Indian equities end in green

    Indian equities end in green

    09 Aug 2019

    Sensex and Nifty gained for the second straight day on Friday amid reports that the government could roll-back or tweak the controversial tax on the Foreign Porfolio Investors (FPIs). Markets...

    Indian foreign portfolio investors pull out over Rs20,500 crore

    Indian foreign portfolio investors pull out over Rs20,500 crore

    03 Aug 2019

    Despite the flight of over Rs20,500 crore worth of foreign funds from the country’s stock market, the government seems adamant to implement the taxation surcharge on the super-rich category, which...

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