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Return News is Pakistan's 1st international, industries, agriculture, business, industry, market and economy news aggregator. It brings Pakistan focused news from various national and international newspapers and news channels. For latest updates about economy and business landscape of Pakistan, please follow us.

ISLAMABAD-The central conference hall of the cardiology department of Mayo Hospital in Pakistan's eastern Lahore city was packed recently with a number of curious cardiologists who were watching live on TV a team of Chinese doctors conducting a non-surgical procedure in the hospital's operation theater. The hall buzzed with applause...
Pakistan’s government is considering setting up a new mechanism that will help the nation’s central bank smooth volatility in exchange rate movements after the currency was devalued for a fifth time this year. The government will be looking into “contours and scope” of how the central bank manages the currency...
BERILN, Nov. 29 (Xinhua) -- A civil trial opened at a Dortmund court on Thursday, in which four plaintiffs are demanding financial compensation from the German textile discounter KiK for its alleged role in a fatal fire at a clothing factory in Pakistan in 2012. Roughly six years ago, the...
KARACHI: Textile sector's exhibitors were expecting a surge in procurement orders from foreign buyers who thronged the four-day defence expo Ideas 2018 on Wednesday. “Most of the delegates are interested in fabric, shoes and other such smaller goods such as gloves and leather products,” a military officer told The News,...
Pakistan’s Finance Minister Asad Umar said the government can afford a two-month delay to stalled bailout negotiations with the International Monetary Fund with talks set to continue on Thursday “We aren’t in hurry,” Umar told Bloomberg on the sidelines of a conference in Islamabad on Wednesday. “We are covered even...
Elected on high hopes to battle corruption and fix Pakistan’s economic malaise, Prime Minister Imran Khan set a raft of ambitious targets for his first 100 days in office The South Asian nation has made progress on some pledges, but finances are dwindling and Islamabad is negotiating an International Monetary...
Pakistan's Prime Minister is on a mission. In his first address to the nation after securing victory in the general elections, Imran Khan placed poverty alleviation among his government's top agendas. During the same speech, he expressed his willingness to learn from China's experience in this domain. Subsequently, on the...
An attack on a diplomatic mission in Karachi last week shows the risks Chinese businesses face as they expand across Pakistan in the face of growing resentment over Beijing’s influence in the economy As Pakistan becomes more indebted to China and an economic crisis worsens, anger is brewing among locals....
PUTRAJAYA, Malaysia, Nov. 21 (Xinhua):  Malaysian Prime Minister Mahathir Mohamad met his Pakistani counterpart Imran Khan here on Wednesday as the two leaders pledged for cooperation. At a press conference following a brief meeting, the two leaders said they had discussed several topics of mutual interest especially on anti-corruption and tourism. "We...
Pakistan’s central bank said it had received $1 billion from Saudi Arabia as part of a support package agreed last month as Islamabad attempts to plug its rapidly deteriorating finances. A further $2 billion is expected to arrive in the next two months, Abid Qamar, a spokesman for the State...

Opinion

rupee exchange

Reforming exchange rate management in Pakistan

Objectives of this short paper are threefold. First is to briefly review the history of exchange rate management in Pakistan. Second is to assess...