IMF assures Pakistan of economic cooperation
ISLAMABAD: The International Monetary Fund (IMF) will continue to cooperate with Pakistan for sustainable economic growth in future.
This was stated by IMF...
Rupee recovers to Rs160.1 against dollar
ISLAMABAD: The exchange rate of Pakistani Rupee strengthened by 84 paisas against the US Dollar in the interbank market on Thursday, closing...
Hafeez Shaikh expects 2pc GDP growth in next fiscal year
ISLAMABAD: With current projections of -1.5 GDP growth rate owing to the impact of COVID-19 pandemic, the country's economy would turn around...
Fertiliser sector helps stocks add 111 points
KARACHI: Following the recent trend, indices of the Pakistan Stock Exchange (PSX) continued to move in a narrow range on Thursday, with...
PM approves establishment of Pakistan Post Pension Fund
ISLAMABAD: Prime Minister Imran Khan on Wednesday approved the establishment of Pakistan Post Pension Fund for an institutionalised mechanism for disbursing of pension.
Chairing...
Buzdar records statement in sugar probe
Punjab Chief Minister Usman Buzdar on Wednesday recorded his statement before the high-powered commission probing into the sugar crisis in the country.
According...
Experts call for further curbs on tobacco industry
ISLAMABAD: The government should continue its tobacco taxation policy and enhance federal excise duty (FED) on cigarettes, as approximately 16pc of cigarettes...
Is another policy cut on the horizon? Analysts certainly think so
Profit survey of 16 brokerage houses shows that many believe a cut of 100 basis points is likely, based on decreasing inflation
Traders reject partial movement of transit goods at Torkham border
PESHAWAR: The number of transit vehicles to cross Torkham border has increased from 100 to 150 per day, the border management officials...
Urea inventory may surge to over one million tonnes by year-end
Compared to the same period of last year, urea sales declined 18pc to 240,000 tonnes in April
World’s biggest shipper expects 25pc drop in container demand
COPENHAGEN: The world’s biggest shipping company, Denmark’s A P Moller-Maersk, said Wednesday that it expects its transport volumes to drop by up...
Swabi farmers seek compensation for hailstorm-hit tobacco crop
ISLAMABAD: The tobacco growers of Swabi district have asked for government's assistance after a heavy hailstorm wreaked havoc on valuable crops last...
OPEC slashes oil demand forecast again, sees biggest hit this quarter
LONDON: OPEC slashed its forecast on Wednesday for global oil demand this year and predicted this quarter would see the steepest decline...
PRGMEA demands zero-rating regime as buyers hold payment for indefinite time
LAHORE: The value-added textile industry has asked the government to immediately restore zero-rating regime for the five exporting sectors, which are facing...
Diamer-Bhasha dam contract awarded to Power China-FWO
The Rs442bn agreement includes construction of main dam, diversion system, access bridge and 21MW Tangir Hydropower Project