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First ever mineral value-addition JV accord between PMCL, BMRL
KARACHI: Platinum Mining Company has signed Joint Venture agreement with government of Balochistan to develop country’s first mineral processing project at Balochistan Mineral Resource Limited (BMRL) office, Quetta. Ismail Suttar President LCCI...
PM directs authorities to curb smuggling of sugar, petroleum products
ISLAMABAD: Caretaker Prime Minister Anwaarul-Haq Kakar directed Customs authorities and law enforcement agencies to strictly curb smuggling of sugar, petroleum products, urea, agricultural products and other items. Chairing high-level meeting for sto...
PSX turns around, gains 310pts
Karachi: 100-index of Pakistan Stock Exchange (PSX) turned around to bullish trend and gained 310.24 points, showing growth of 0.69 percent, closing at 45,312.66 points against 45,002.41 points previous trading day. Total of 161,824,998 shares were t...
President Alvi approves reconstitution of NEC
ISLAMABAD: President Dr. Arif Alvi approved reconstitution of National Economic Council (NEC). Committee will have 13 members with Caretaker Prime Minister as Chairman. NEC comprises Prime Minister, chief ministers as well as representatives of caret...
WAPDA inks contract for KurramTangi Dam Project Stage-II
Karachi: Pakistan Water and Power Development Authority (WAPDA) signed an agreement worth Rs 776.3 million to joint venture for consultancy services for Stage-II of Kurram Tangi Dam Project. Joint venture comprises four firms, one from Turkiye and th...
SBP counters reports of MPC meeting for interest rate hike
KARACHI: The State Bank of Pakistan (SBP) has refuted the reports of holding an emergency meeting of the Monetary Policy Committee (MPC) to hike the policy rate. Earlier, reports circulated that the SBP was likely to hike interest rates by as m...
Analysts expect rate hike of up to 300bps in SBP’s monetary policy announcement
Karachi: Market is expecting rate hike as high as 300 basis points when State Bank of Pakistan’s Monetary Policy Committee (MPC) meets next to decide key policy rate. Analysts said central bank is expected to hike rate, which currently sits at...
OSH compliance crucial for exporters: Dr. Gohar Ejaz
KARACHI: Dr. Gohar Ejaz Minister of Commerce, Production and Industry said that it is imperative that Pakistani exporters, especially textile related, must comply with all ILO International Labour Standards including Occupational Safety and Health St...
Umar Saif says, 'We will bring PayPal, stripe payment gateways to Pakistan'
Karachi: Caretaker Minister for IT and Telecom and Science and Technology Dr Umar Saif said enabling PayPal and stripe payment gateways in Pakistan is "High priority" for current setup. Addressing at ITCN Asia 2023 ceremony here, he admitted that gov...
NEPRA asks DISCOs to improve performance in 15 days
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) directed power distribution companies (DISCOs) to improve their performance in 15 days. "NEPRA will conduct hearing after three weeks to review performance of DISCOs", power regulatory...
