Stocks bleed as KSE-100 plummets 936 points
KARACHI: The Pakistan Stock Exchange (PSX) took a pounding on Thursday, with the benchmark KSE-100 Index dropping by over 1,000 points intraday.
Foreign investors,...
Bill Gates-backed energy startup achieves solar breakthrough
A secretive startup backed by Bill Gates has achieved a solar breakthrough aimed at saving the planet, CNN has reported.
Heliogen, a clean energy...
Mitchell’s Fruit Farms identifies two possible buyers
KARACHI: Mitchell’s Fruit Farms Limited has received firm intentions from two companies for a sale of shares along with transfer of management...
Punjab govt invites bids for development of Allama Iqbal Industrial City
ISLAMABAD: Punjab government on Wednesday invited bids for the development of Allama Iqbal Industrial City after formally launching Priority Special Economic Zones...
Jordanian ambassador for cementing trade ties with Pakistan
ISLAMABAD: Ambassador of Jordan Ibrahim Yala Mohammad Almadani on Wednesday said that his country enjoyed good political and defence relations with Pakistan...
Surplus urea can help reduce trade imbalance
LAHORE: Pakistan has an exportable surplus urea manufacturing capacity of almost 20 percent above the local demand of 5.8 million tons, presenting...
Govt raises Rs240 bilion through T-bill auction
KARACHI: The State Bank of Pakistan (SBP) reported the government has raised Rs239.7 billion through T-bills, as against the target of Rs500...
Tax collected from foreign fund transfers sees exponential increase
KARACHI: Withholding tax collection from foreign fund transfers saw an unprecedented growth to Rs330 million in the first four months of the...
PSX outperforms world stock markets in three months
ISLAMABAD: Pakistan stocks have outperformed the world's leading stock markets during the last three months due to the government's steps to stabilise economy,...
PIA caused Rs321m loss to national exchequer: audit
ISLAMABAD: Pakistan International Airlines Corporation (PIAC) has drowned Rs321 million of the national exchequer as the airline failed to recover the money from...
China lauds Pakistan’s CPEC security
ISLAMABAD: China has appreciated Pakistan on providing dedicated security to the China-Pakistan Economic Corridor (CPEC) projects.
As per the documents available with this scribe,...
NA body recommends wheat support price at Rs1,400
ISLAMABAD: The Sub-Committee of the National Assembly Special Committee on Agricultural Products, after detailed deliberations, unanimously urged the government to set the minimum...
Promotion of tax culture imperative for long-term stability: PM
ISLAMABAD: Prime Minister Imran Khan said on Wednesday that the efforts were underway to promote tax culture in the country, adding that...
Govt to review development shares for Karachi, Hyderabad
ISLAMABAD: In an apparent attempt to pacify its key coalition partner in the federal government – Muttahida Qaumi Movement-Pakistan (MQM-P), the Pakistan...
‘Govt will try its best to keep GSP-Plus facility intact’
--Dawood terms human and labour rights' issues as hurdles in way of GSP+ status
--EU envoy says over 3m people are still living...