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IMF predicts increase in Pakistan’s trade deficit
WASHINGTON: International Monetary Fund (IMF) has predicted an increase in Pakistan’s trade deficit. According to details, IMF has forecasted that in next fiscal year, Pakistan’s trade deficit is expected to increase, with estimates of g...
China important partner in economic development of Pakistan: PM
ISLAMABAD: Prime Minister Shehbaz Sharif said China is an important partner in economic development of Pakistan and we desire increase of Pakistani exports to China. “Chinese nationals will be provided fool proof security in Pakistan. All...
Selling pressure seen at PSX, KSE-100 closes 466ps lower
Karachi: Selling pressure was witnessed at Pakistan Stock Exchange (PSX) as benchmark KSE-100 index lost 466 points during trading. KSE-100 started session positive, hitting an intra-day high of 76,187.45. However, index soon witnessed selling that...
Tractors assembling increases 54.72 in 10MFY24
ISLAMABAD: Tractor assembling in country during first 10 months of current fiscal year increased by 54.72 percent as compared to production of corresponding period of last year. During period from July-April, 2023-24 over 39,564 tractors were locall...
Oil edges higher ahead of inflation data after downbeat week
LONDON: Oil prices made marginal advances in muted trade owing to public holidays in Britain and United States after downbeat week characterised by outlook for US interest rates in face of sticky inflation. Brent crude July contract was up 56 cents a...
ECC approves Rs4,272mn TSGs
ISLAMABAD: Economic Coordination Committee (ECC) of Cabinet approved Technical Supplementary Grants (TSGs) of Rs 4,272.422 million for various divisions and ministries. According to press release issued by Finance Ministry, Minister for Finance...
Blome reiterates support for Pakistan’s economic reform agenda
Islamabad: US Ambassador Donald Blome underlined Washington’s ongoing support for Pakistan’s economic reform agenda in meeting with Finance Minister Muhammad Aurangzeb. “US Ambassador Donald Blome met with Finance Minister to...
IMF, Pakistan make ‘significant progress’ towards SLA, lender says
Karachi: Pakistan authorities and International Monetary Fund (IMF) have made “Significant progress” towards reaching staff-level agreement on new programme, according to an end-of-mission statement posted on lender’s website. IMF...
KSE-100 closes positive to 869pts on cement, chemical, banks scrips
Karachi: Pakistan Stock Exchange (PSX) benchmark KSE-100 index closed positive. At close, benchmark index settled at 75,983.03, up by 868.56 points or 1.16 percent. Across-the-board buying was witnessed in key sectors including automobile assemblers,...
KATI, welfare body for empowering women in industry
Karachi: Korangi Association of Trade and Industry (KATI) in collaboration with Fehmida Begum Foundation organised significant event aimed at empowering women. Prominent figures including KATI President Johar Qandhari, Deputy Patron-in-Chief Zubair C...
