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ISLAMABAD: Power Minister Awais Leghari on Friday said a special task force was currently working on finding out fault lines with the independent...
ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), slowed to 15.34 per cent year-on-year in the week ending August 29...
KARACHI: The Oil and Gas Development Company Limited (OGDCL) has said that gas condensate has been discovered at Baloch-2 well in District Sanghar,...
ISLAMABAD: Amid the drop in urea sales and cotton production, the government on Friday claimed that the national economy was setting a positive...
ISLAMABAD: Commerce Minister Jam Kamal Khan has stressed the need for strategic reforms and government support to elevate the engineering industry...
ISLAMABAD: Telenor Microfinance Bank (TMB) posted a profit before tax of Rs2.6 billion during the first half of calendar 2024, showing an increase...
ISLAMABAD: Like three previous governments, the coalition government led by the PML-N on Friday approved a revival plan for the long-awaited Main...
KARACHI: An international survey conducted by Ipsos has suggested that only one in 10 Pakistanis believe the country is headed in the right...
Prime Minister Shehbaz Sharif on Saturday approved cuts in the price of petrol and high-speed diesel (HSD) by Rs1.86 and Rs3.23, respectively, for...
ISLAMABAD: The federal government on Wednesday notified a 15.6 per cent increase in the minimum wages of its employees and barred payment of...
Shares at the Pakistan Stock Exchange continued to trade in the green on Friday as the index climbed more than 400 points in intraday trade. The...
Shares at the Pakistan Stock Exchange (PSX) continued to trade in the green on Friday as the index climbed more than 400 points in intraday trade....
Shares at the Pakistan Stock Exchange (PSX) continued to trade in the green on Friday as the index climbed more than 400 points in intraday trade....
ISLAMABAD: The oil industry has urged the federal government to immediately ban the illegal import and distribution of light aliphatic hydrocarbon...
KARACHI: The National Bank of Pakistan (NBP) on Thursday reported a massive consolidated loss of Rs8.98 billion during the second quarter ended...
• Raises concerns over financial viability of KKH, Chakdara-Timergara projects • Bars foreign-funded schemes that lack revenue generation •...
WASHINGTON: The nexus between power and plots in Pakistan has seriously affected the economy, says Princeton economist Atif Mian, while urging the...
ISLAMABAD: Traders from Karachi have opposed the Rs3.09 per unit additional fuel cost adjustment (FCA) demanded by K-Electric, saying it would put...
KARACHI: The bulls ended a three-day losing streak on Thursday following a rating upgrade that improved the economic outlook, leading to cherry-...
KARACHI: The National Bank of Pakistan, United Bank Ltd and Habib Bank Ltd have been designated as Domestic Systemically Important Banks (D-SIBs)...
KARACHI: The foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $112 million to $9.403 billion during the week ending...
LAHORE: As Punjab cabinet on Thursday approved a Rs14 per unit subsidy on August and September electricity bills for consumers in the province and...
ISLAMABAD: The first month of the new fiscal year saw a surge of 68.72 per cent in the country’s trade deficit with nine neighbouring countries,...
• Sindh launches project to bring solar power to 1.6m households • PPP chief says green energy only solution to crisis • Compares PML-N’s...
ISLAMABAD: Politicians belonging to the ruling coalition as well as the opposition reaffirmed unwavering support to the China-Pakistan Economic...
ISLAMABAD: A parliamentary panel on Wednesday raised questions over the alleged exploitation of customers by Islamic banks while clearing two...
ISLAMABAD: The Federal Board of Revenue’s (FBR) nearly five-month tax registration drive in 42 cities has brought thousands of traders onto the...
ISLAMABAD: Due to the increased operating expenses and jump in the financing cost, the Pakistan Telecommunication Company Ltd (PTCL)...
• Traders’ associations estimate trade loss of Rs500bn • Incessant rains, transport disruptions keep workers at home KARACHI: The economy...
ISLAMABAD: In an interesting observation, National Electric Power Regulatory Authority (Nepra) Chairman Waseem Mukhtar on Wednesday asked the power...
KARACHI: The repatriation of profits and dividends in July this year surged compared to the same month last year, reflecting a major policy shift...
KARACHI: The dimmed chances for releasing the first tranche by the International Monetary Fund (IMF) executive board even early next month kept...
ISLAMABAD: PML-N leader Rana Sanaullah has extended an olive branch to the protesting employees, and assured them that the Utility Stores...
Rescuing countries from disorderly defaults “hinges on increasing fiscal space by restructuring their debt”, Murtaza Syed, a former acting...
Shares at the Pakistan Stock Exchange (PSX) climbed more than 400 points in intraday trade on Thursday, which one analyst attributed to the...
Shares at the Pakistan Stock Exchange (PSX) climbed by 356 points on Thursday, which one analyst attributed to the Moody’s rating upgrade which...
The Pakistan International Airlines (PIA)’s privatisation process will be completed by October 1, Privatisation Commission Secretary Usman Akhtar...
Traders across major cities of Pakistan observed a shutter-down strike on Wednesday against the government’s much-touted tax reforms, including...
Global rating agency Moody’s on Wednesday upgraded Pakistan’s local and foreign currency issuer and senior unsecured debt ratings to Caa2 from...
ISLAMABAD: The federal cabinet on Tuesday approved abolition and merger of 82 departments and agencies falling under six federal ministries and...
KARACHI: Pakistan State Oil (PSO), the country’s largest oil marketing company, reported on Tuesday a surge of 180 per cent in its profit-after-tax...
ISLAMABAD: Minister of Energy (Power Division) Sardar Awais Ahmad Khan Leghari on Tuesday said that there will be a zero-tolerance policy towards...
ISLAMABAD: The government’s much-touted tax reform is likely to face substantial resistance as the traders’ community has announced a...
KARACHI: The stock market continued its southward journey on Tuesday amid growing security concerns and economic uncertainty about securing the IMF...
ISLAMABAD: The Petroleum Division of the Ministry of Energy on Tuesday distanced itself from the policy of gas disconnection to industrial Captive...
ISLAMABAD: The Petroleum Division of the Ministry of Energy on Tuesday distanced itself from the policy of gas disconnection to industrial Captive...
KARACHI: The private sector has yet to begin borrowing from banks this fiscal year, despite a 2.5 per cent cut in the interest rate aimed at...
ISLAMABAD: Pending approval of the $7 billion bailout by the IMF’s executive board, the government made a poor take-off and received just $436.4...
ISLAMABAD: The French aid agency has allocated Rs1.2 billion in concessional finance to 90 SMEs in Women Ventures and GreenFin Innovations in...
KARACHI: In a challenging economic landscape, fintech disruptor NayaPay and e-commerce startup DealCart earned coveted spots on Forbes Asia’s 100...
ISLAMABAD: The Auditor General of Pakistan has identified leakage, malfeasance and dozens of other loss-making practices to the tune of Rs4.5...
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Atif Ikram Sheikh has urged the State Bank of Pakistan (SBP) to...
KARACHI: Shell Pakistan Ltd (SPL) on Monday reported a 62.85 per cent decline in its profit-after-tax (PAT) to Rs1.3 billion for the half year...
Two Pakistani startups, DealCart and Nayapay, have made it to Forbes’ coveted ‘Asia 100 to Watch 2024’ list. According to the Forbes website,...
ISLAMABAD: The Auditor General of Pakistan has identified leakage, malfeasance and dozens of other loss-making practices to the tune of Rs4.5...
ISLAMABAD: Members of the National Assembly Standing Committee on National Food Security and Research were on Monday given an in-depth briefing...
ISLAMABAD: Members of the National Assembly Standing Committee on National Food Security and Research were on Monday given an in-depth briefing...
ISLAMABAD: While completing the process for Rs1.90 per unit additional quarterly tariff adjustment in electricity rates across the country, the...
ISLAMABAD: The National Assembly’s Standing Committee on Privatisation was informed on Monday that Pakistan International Airlines Company Ltd...
ISLAMABAD: The Federal Board of Revenue (FBR has constituted a focal committee to develop various initiatives and reforms to broaden the tax base,...
Pakistan’s fishing industry holds an export potential worth $4 billion if it follows the proper procedure that India has adopted, according to an...
Pakistan aims to raise up to $4 billion from Middle Eastern commercial banks by the next fiscal year, the country’s central bank chief told Reuters...
KARACHI: Amid surging terrorist attacks in Balochistan, killing dozens of innocent people, the stock market turned negative in a mixed session on...
MANSEHRA: Traders’ bodies on Monday announced to observe a complete shutter down strike and take to the streets on Wednesday (Aug 28) to protest...
PESHAWAR: Sarhad Chamber of Commerce and Industry president Fuad Ishaq on Monday expressed concern about the imposition of two per cent tax on...