Pakistan shares plan to secure $3bn financing with IMF
ISLAMABAD: Coalition government shared its plan with International Monetary Fund (IMF) for securing an additional $ 3 billion to bridge financing gap as it expedites efforts to convince lender to release next loan tranche. IMF is seeking “Neces...
President directs reimbursement of health insurance claim to citizen
ISLAMABAD: President Dr Arif Alvi has upheld decision of Federal Insurance Ombudsman (FIO) directing an insurance company to reimburse full health insurance amount of 57,172 Australian Dollars (AUD) to citizen, who had been denied insured amount on f...
Pakistan’s textile exports plunge 22.6pc in March
Karachi: Exports of Pakistan’s textile sector witnessed significant decline of 22.6 percent, clocking in at $ 1.26 billion in March 2023 compared to $ 1.63 billion recorded in same month of previous year, showed latest data released by Pakistan...
FrieslandCampina Engro Pakistan Limited posts strong financial results in Q1, 2023
Karachi: FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for Q1, 2023. The Company reported a revenue of PKR 22,651 million in the first quarter, showcasing 62% topline growth versus last year, driven by mix improvemen...
Rupee settles at 283.9 against dollar
Karachi: Rupee regained some ground against US, appreciating 0.29 percent in inter-bank market. According to State Bank of Pakistan (SBP), domestic unit settled at 283.9, an increase of 0.81 paisa. Development comes after rupee ended its three-sessio...
KSE-100 Index closes green on banking, power scrips
Karachi: Pakistan Stock Exchange (PSX) KSE-100 index saw positive session and KSE-100 Index rose 0.5 percent as investors remained optimistic of staff-level agreement between Pakistan and International Monetary Fund (IMF) for disbursement of next tra...
KP govt vows to resolve problems faced by industrialists: Minister
Peshawar: Khyber Pakhtunkhwa Caretaker Minister for Industries, Commerce and Technical Education Muhammad Adnan Jalil directed relevant authorities for taking effective measures to revive sick industries and also solve problems being faced by industr...
Pakistan, Russia conclude second round of crude oil talks, negotiate payment mode
LAHORE: Pakistan and Russia have concluded second round of talks over crude oil imports, moving one step forward in deciding mode of payment, sources claim. Sources claimed Russian crude oil is expected to arrive in Pakistan in May if order was succe...
NA committee sends issue to Parliament
Islamabad: National Assembly (NA) Standing Committee on Finance and Revenue sent issue pertaining to funds for Punjab and Khyber-Pakhtunkhwa elections back to Parliament. Minister of State for Finance and Revenue Dr Aisha Ghaus Pasha told reporters a...
Jul-Feb Large Scale Manufacturing Industries output dips 5.56pc YoY
Karachi: Large Scale Manufacturing Industries (LSMI) output declined by 5.56 percent during first eight months (July-February) of 2022-23 when compared with same period of last year, according to latest data released by Pakistan Bureau of Statistics...
