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Govt. taking measures to facilitate IT industry: Minister
ISLAMABAD: Caretaker Minister for IT and Telecommunication Dr. Umar Saif said that government was taking various steps to provide all possible facilities to Information Technology and telecom industry. "No doubt about potential in Pakistan's IT secto...
Pakistan may cease free electricity for DISCOs and GENCOs officers
ISLAMABAD: The Cabinet Committee on Energy (CCoE) in Pakistan is set to convene and is considering the discontinuation of free electricity units for officers of Distribution Companies (DISCOs) and Generation Companies (GENCOs). The proposal suggests...
Rupee falls marginally, settles at 279.88 against dollar
Karachi: Rupee sustained losses against dollar as it depreciated 0.16 percent in inter-bank market. As per State Bank of Pakistan, rupee settled at 279.88, decrease of 0.45 paisa. During day, currency dealers said domestic unit was quoted at 281.5 fo...
KSE-100 index gains 149 points
Karachi: 100-index of Pakistan Stock Exchange (PSX) witnessed bullish trend, gaining 149.19 points, positive change of 0.29 percent, closing at 51,177.13 points against 51,027.94 points previous day. Total of 427,393,948 shares valuing Rs 15.509 bill...
IMF team to visit Pakistan for first review talks on Nov 2
Karachi: International Monetary Fund (IMF) delegation is scheduled to visit Pakistan for talks regarding initial assessment of country's $ 3 billion standby arrangement (SBA) on November 2. Finance Ministry, too, has started preparing for upcoming ta...
Chinese envoy calls on caretaker PM Kakar
Islamabad: Ambassador of Peoples' Republic of China to Pakistan Jiang Zaidong called on caretaker Prime Minister Anwaarul Haq Kakar. Prime Minister thanked Chinese President Xi Jinping and Chinese leadership for warm welcome and arrangements during h...
Gas tariff hike to bode well for Pakistan in upcoming IMF review: Brokerage house
Karachi: Economic Coordination Committee's decision to increase gas prices will help Pakistan reach an agreement with International Monetary Fund (IMF) in upcoming review scheduled in November, said Topline Securities, brokerage house, in report. "We...
PSX loses 43 points on dull investors' interest
ISLAMABAD: 100-index of Pakistan Stock Exchange (PSX) shed 42.89 points, nominal negative change of 0.08 percent, closing at 51,027.94 points against 51,070.83 points previous day. Total of 321,403,857 shares valuing Rs 11.091 billion were traded dur...
PM directs to ensure timely, uninterrupted fertilizer supply for Rabi crop
ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar directed authorities concerned to ensure timely and uninterrupted supply of fertilizer to farmers for Rabi crop. Chairing review meeting on provision of urea for Rabi crop, he instructed for time...
Pakistan’s cost of power generation declines over 25pc in Sept
Karachi: Amid rising electricity bills, cost of power generation registered significant decline of over 25 percent in September 2023. Electricity generation cost in September stood at an average of Rs 7.42 per KWh compared with an average cost of Rs...
