Ahsan on adopting export-led growth model to make country economically vibrant
ISLAMABAD: Minister for Planning and Development Ahsan Iqbal emphasised on adopting export-led growth model to make Pakistan an economically vibrant country. Speaking at ceremony here he said keeping in view prevailing financial situation of country,...
NEPRA notifies Rs2.32 per unit cut in power tariff
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) notified reduction of Rs 2.32 per unit for ex-WAPDA distribution companies (XWDISCOs) consumers on account of fuel charges adjustment (FCA) for December 2022. Development comes day after...
Sherry Rehman, corporate elite, big guns of businesses lauds Azfar’s vision amid Future Summit
Karachi: Sixth edition of Future Summit kicked off at local hotel here yesterday in the metropolis. CEO Nutshell Group Muhammad Azfar Ahsan insisted that platforms like TFS are to build pressure on concerned stakeholders to be united for sake of Paki...
Pak Pharma and Healthcare event kicks off
Lahore: Two-day Pak Pharma and Healthcare Expo (PPE) with over 100 national and international firms kicked off at Lahore Expo Centre in collaboration with Pakistan Pharmaceutical Manufacturers Association and Prime Event Management. Ethiopian Ambassa...
Rupee recovers value against dollar in interbank
Karachi: Rupee gained value against dollar in interbank trading after government took measures to fulfil prerequisites for unlocking critical $ 1.1 billion International Monetary Fund tranche. In interbank market, rupee closed at 265.38 after gaining...
Govt extends date for encashment of prize bonds
Karachi: State Bank of Pakistan (SBP) announced an extension for encashment and redemption of withdrawn prize bonds of Rs 7,500, Rs 15,000, Rs 25,000 and Rs 40,000. Date for encashment of prize bonds has been extended to June 30, 2023, statemen...
PM stresses collaboration with IAEA to reduce climate change losses
ISLAMABAD: Prime Minister Shehbaz Sharif stressed greater collaboration with International Atomic Energy Agency (IAEA) in terms of research on new high-yield and drought resistant varieties of crops. In meeting with Director General IAEA Rafael Maria...
Inflation could average 33pc in first half 2023, says Moody’s economist
ISLAMABAD: Inflation in Pakistan could average 33 percent in first half of 2023 before trending lower, and bailout from International Monetary Fund (IMF) alone is unlikely to put economy back on track, senior economist with Moody’s Analytics to...
President calls for streamlining banking, insurance sector
Karachi: President Dr Arif Alvi has called for streamlining banking and insurance sector in economic interest of country. Addressing seminar here, he said that country could be steered on path of progress by following teachings of Quaid-e-Azam Muhamm...
Fitch downgrades Pakistan to ‘CCC-’
KARACHI: Fitch Ratings has downgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to “CCC-” from “CCC+”, statement from agency said. Downgrade reflects further sharp deterioration in external liqu...
