Sindh Gov inaugurates KGTL, terminal to be equipped with modern requirements
Karachi: Sindh Governor Kamran Tessori inaugurated Karachi Gateway Terminal Limited (KGTL). In ceremony held at Karachi Port Trust, an agreement was signed between Abu Dhabi Ports Group and Karachi Port Trust. Signed by CEO Juma Shamsi and Chairman K...
SBP forex reserves drop to alarming level of $3.5bn
ISLAMABAD: State Bank of Pakistan (SBP) said its foreign exchange reserves had fallen by $ 482 million. During week ending on June 16, total foreign exchange reserves held by central bank dropped to around $ 3.5 billion, SBP said in a statement. Down...
Chinese firm shows interest to set up EV factory in Sindh
KARACHI: A Chinese firm 'China Power' has shown interest in installing an industrial plant in Sindh for manufacturing of electric vehicles. Interest was shown by delegation of company in meeting with Sindh Minister for Information and Transport Sharj...
UAE 'keen' to invest in Karachi Port terminal operations
Karachi: United Arab Emirates (UAE) is 'keen' to invest in Karachi Port terminal operations, citing sources. Sources said UAE wants to equip Karachi Port terminals with latest technology for smooth handling of shipments. Sources claimed that agreemen...
Food Champ 2023: Resounding success celebrating culinary excellence
Karachi: Cothm emerges as driving force behind exceptional culinary students’ remarkable achievement at Food Champ 2023. Cothm’s persistent dedication to culinary education has played significant role in developing skills and cultivating...
Dar meets US envoy Blome: PML-N scrambles to revive IMF deal
ISLAMABAD: Pakistan Muslim League-Nawaz government is scrambling to revive programme with International Monetary Fund (IMF) amid steep fall in foreign loan disbursements to just $ 8.4 billion this fiscal year. Finance Minister Ishaq Dar has approache...
China comes to rescue as IMF programme faces 'inordinate delay': PM Shehbaz
Islamabad: Prime Minister Shehbaz Sharif lauded role of China, saying that neighbouring ally came to Pakistan's rescue during current economic situation, as ongoing International Monetary Fund (IMF) bailout programme remains delayed. Remarks were mad...
Interim Punjab govt unveils Rs1,719bn budget for four months
Lahore: For first time in history, Punjab witnessed its first-ever presentation of budget by caretaker government as Chief Minister Syed Mohsin Naqvi-led Punjab administration unveiled fiscal year 2023-24 budget with Rs 1,719bn outlay for four months...
Dollar crux to force import suspension of eatables, drinks
KARACHI: Owing to non-availability of greenback, commercial importers have announced to stop import of all eatables and drinks from June 25. According to statement by Karachi Wholesale Grocers Association Secretary Farhat Siddique all banks have refu...
‘Biparjoy cyclone not affected electricity supply’
KARACHI: Federal Minister for Power, Engineer Khurram Dastgir Khan, said that power distribution network was working as normal and there was no major disruption caused by the cyclonic storm Biparjoy in supply of electricity. The minister was addressi...
