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PM Shehbaz unveils plan for privatization of state-owned enterprises
ISLAMABAD: Prime Minister Shehbaz Sharif announced on Tuesday to privatise all state-owned enterprises except for strategically important entities. Chairing a review meeting on matters related to Ministry of Privatization and Privatization Commission...
Citi expects Pakistan to strike new $8bn IMF deal by end-July
LONDON: Wall Street Bank Citi expects Pakistan to reach an agreement with International Monetary Fund (IMF) for new four-year programme of up to $ 8 billion by end-July and recommends going long on country’s 2027 international bond. “Whi...
Gold price per tola decreases by Rs1,200
Karachi: Gold price decreased in line with decline in international rate. In local market, gold price per tola hit Rs 242,300 after single-day fall of Rs 1,200 per tola. Ten gram gold was sold at Rs 207,733 after decrease of Rs 943 per ten gram, acco...
KSE-100 closes to 714pts on oil, gas, cement scrips
Karachi: Pakistan Stock Exchange (PSX) witnessed bullish session as its benchmark KSE-100 closed nearly 1 percent higher amid hope of cut in policy rate. KSE-100 started week’s first session on strong buying spree that led index beyond 74,000...
Minister reiterates commitment to policy of business facilitation, export diversification
KARACHI: Commerce Minister Jam Kamal Khan reiterating government’s commitment to policy of facilitating trade and industry and export diversification, said that measures were being devised to promote local as well as export-oriented industries....
Dar invites Gezhouba Group to expand operation under CPEC phase-II
ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar invited Chinese Gezhouba Group to expand its operation in Pakistan under second phase of China Pakistan Economic Corridor. “Under phase-II of CPEC, Pakistan offers generous incent...
SLM Tyres commits investment of around $108m to double capacity
Karachi: Service Long March (SLM) Tyres, Chinese-Pakistani joint venture intends to invest an additional Rs 30 billion (108 million dollar) in Pakistan to expand its operations in country. Development was shared by SLM’s parent company Service...
Pakistan keen to learn from Korean expertise in IT: PM
ISLAMABAD: Prime Minister Shehbaz Sharif said that Pakistan was keen to learn from Korea’s experience of industrialization and SME sector growth as well as in field of IT including artificial intelligence. Talking to Ambassador of Republic of K...
Kakar denies allegations in wheat import scandal
KARACHI: Former caretaker prime minister (PM) and incumbent Senator, Anwarul Haq Kakar downplayed the wheat import scandal as a ‘storm in a teacup’. “As time passes, people understand that there is neither a wheat crisis nor is this...
IMF delegation set to initiate bailout discussions with Pakistan next week
ISLAMABAD: The International Monetary Fund (IMF) mission will begin bailout talks with Pakistan next week. In a statement, Esther Perez Ruiz, the representative of the International Monetary Fund (IMF), said that an IMF mission led by Nathan Porter w...
