PM directs for preparing export-oriented development budget 2023-24
ISLAMABAD: Prime Minister Shehbaz Sharif issued clear directions to include on priority, such projects in upcoming development budget that help in ensuring import substitutions, expanding export volume and bringing innovation in various sectors. He d...
Chinese, UAE envoys assures Dar of economic cooperation
ISLAMABAD: Acting Charge’d Affairs, Embassy of Peoples’ Republic of China Bao Zhong called on Minister for Finance and Revenue Senator Ishaq Dar and discussed matters of mutual interest. Minister highlighted deep...
Protocols for 13th EU-Pakistan Joint Commission discussed
ISLAMABAD: Ambassador of European Union (EU) to Pakistan Dr. Riina Kionka called on Minister for Economic Affairs Sardar Ayaz Sadiq and discussed agenda items, preparations and protocol of upcoming 13th European Union (EU)-Pakistan Joint Commission,...
IT Minister inaugurates Pakistani pavilion at GITEX Global Exhibition
ISLAMABAD: Minister for Information Technology and Telecom Syed Amin Ul Haque inaugurated Pakistani pavilion at GITEX Global Exhibition summit in Morocco. Three-member Pakistani delegation led by Minister IT Syed Amin Ul Haque comprising member IT Sy...
Shipping activity Port Qasim remains brisk
KARACHI: Three ships namely EM Astoria, Yasa Uranus and Nava Aquila scheduled to load/offload containers, cement and mogas, berthed at Qasim International Container Terminal, Multi-Purpose Terminal and Oil Terminal respectively. Meanwhile, four more...
FBR collects Rs605bn gross revenues in May
ISLAMABAD: Federal Board of Revenue (FBR) with its tremendous effort collected gross revenues of Rs 605 billion during month of May, Board said in statement issued here. According to statement, against target of Rs 621 billion, FBR was able to collec...
Rupee settles at 285.38 against dollar
Karachi: Rupee improved marginally against dollar, appreciating 0.03 percent in inter-bank market. At close, domestic unit settled at 285.38, an increase of 0.09 paisa as per State Bank of Pakistan. However, in open-market, rupee witnessed significan...
KSE-100 offloads 64pts in turbulent trading session
Karachi: Pakistan Stock Exchange (PSX) remained under grip of pessimism as KSE-100 Index declined 0.15 percent in turbulent trading session. Lack of development over resumption of International Monetary Fund programme kept investors on sidelines. KSE...
Saudi Arabia may cut Arab Light crude prices for Asia to 20-month low
SINGAPORE: Top oil exporter Saudi Arabia may further slash official selling prices (OSPs) for all crude grades to Asia in July, Reuters poll showed, despite looming OPEC+ meeting that could leave door open to further output reduction. State oil giant...
Power rates for KE consumers to decline by 0.5paisa per unit
ISLAMABAD: K-Electric (KE) filed an application with National Electric Power Regulatory Authority (NEPRA) to lower power tariff on account of fuel charges adjustment (FCA) for month of April 2023. According to K-Electric spokesperson, National Electr...
