Markets, economy, trade, energy and personal finance. Latest business news and analysis from The Indus Compass.
Khurram Schehzad said the state is neither buying aircraft for the privatised PIA nor guaranteeing loans, after claims linked to talks with the US Exim Bank.
The trade gap with Gulf partners grew 2.6pc to $3.45bn in July–August as imports from Qatar, Kuwait, Bahrain and Saudi Arabia surged while several export markets shrank.
Analysts expect consumer inflation of 10.25–10.75pc in September, down from 11.1pc in August, but warn the Gulf conflict and fuel prices could push it higher.
The FBR's new faceless centre will pick tax audits by computer and split every case between three anonymous officers to curb discretion.
In New York, PM Shehbaz Sharif told US business leaders the economy has stabilised and pitched agriculture, mining, IT and privatisation to investors.
