Finance Division rebuffs media report on ‘depleting forex reserves’
ISLAMABAD: The Finance Division has rebuffed a news report claiming that Pakistan’s foreign exchange reserves are depleting and that it would not be...
Inter-Ministerial Committee delists auction of three state properties
The Inter-Ministerial Committee (IMC) on Wednesday decided to delist the auction of three high priced lands located in Lahore, Multan and Rahimyar...
G20 to hold out debt relief for poor countries fighting pandemic
Poor countries fighting the Covid-19 pandemic would be given a six-month extension in debt relief by the G20.
The G20's Debt Service Suspension...
ECC approves import of 340,000MT wheat
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Thursday granted approval for the import of 340,000 metric tonnes of wheat.
Adviser...
Govt, auto sector to review vehicle prices in December
IMC chief says removal of federal excise and additional custom duties can help the industry reduce vehicle prices
CCoE seeks comprehensive plan to meet energy demand this winter
ISLAMABAD: The Cabinet Committee on Energy (CCoE) on Thursday reviewed the requirement of furnace oil for winter months and directed the Ministry...
AHL’s first-quarter profit surges 497pc to Rs739m
The Board of Directors of Arif Habib Ltd on Thursday announced the company's financial results for the first quarter ended September 30,...
Imported wheat remains stuck at Karachi ports
Wheat imported from other countries remains undispatched despite the passage of two days as transporters have refused to comply with axle load...
Pakistan, World Bank sign $1.15bn accords for clean energy projects in KP
ISLAMABAD: Pakistan and the World Bank on Thursday signed two agreements related to renewable energy and hydropower projects, worth $1,150 million, in Khyber...
Italy reopens seasonal work visas for Pakistan
ISLAMABAD: In the latest announcement of its annual schedule of work visas called 'Decreto-Flussi', the Italian government has allowed Pakistani nationals to...
Stocks drop 75 points in volatile trade
KARACHI: The Pakistan Stock Exchange (PSX) witnessed another round of volatile activity on Thursday, with the indices swaying both ways in search...
Tractor production up 17pc in three months
ISLAMABAD: The production of farm tractors in the country increased by 17.16pc to 11,235 units in the first three months (July-September) of...
Dutch telecom KPN picks Ericsson over Huawei for 5G network
AMSTERDAM: KPN has chosen Sweden’s Ericsson to build core elements of its new 5G mobile network following a decision last year not...
Oil slips as new lockdown measures threaten demand recovery
LONDON: Oil prices fell on Thursday as new restrictions to stem a surge in COVID-19 infections have increased uncertainty over the outlook...
FM urges commonwealth countries to maintain free trade
ISLAMABAD: Foreign Minister (FM) Shah Mahmood Qureshi has urged the commonwealth countries to utilise commonalities in legal and administrative systems to overcome...