Cabinet greenlights merger of 82 state-owned enterprises
ISLAMABAD: Cabinet has approved recommendations submitted by Rightsizing of the Federal Government Committee for the merger and dissolution of 82 State-Owned Enterprises (SOEs). Cabinet, which met here with Prime Minister Shehbaz Sharif in chair, a...
Traders observe strike across Pakistan
KARACHI: Traders' community is observing countrywide strike against imposition of taxes and hefty electricity and gas bills. President All Pakistan Traders' Association, Ajmal Baloch said no talks are being held with government and they are obser...
$7bn bailout request not on IMF agenda
ISLAMABAD: The International Monetary Fund (IMF) Executive Board has announced that it will not consider Pakistan's request for a $7 billion bailout package during its meeting scheduled for September 4. This decision means that the crucial appr...
Media misreports Nepra hike in power tariff: Minister
ISLAMABAD: Minister for Energy Awais Leghari said that NEPRA has increased 96 paisa per unit in its quarterly adjustment. "Regulator has also slashed Rs 2.87 per unit in fuel adjustment charges for all power consumers," he said while talking to media...
Rupee sees minor gain against dollar
Karachi: Rupee registered slight improvement against dollar, appreciating 0.03 percent in interbank market. At close, domestic unit settled at 278.32, gain of 0.10 paisa against dollar. Globally, dollar edged higher on Tuesday and major currencies tr...
KSE-100 sheds 487pts on IMF stance
Karachi: Pakistan Stock Exchange (PSX) witnessed bearish session for second consecutive day, as its benchmark KSE-100 Index closed lower by 487 points despite positive start. KSE-100 started session positive, hitting an intra-day high of 78,857.62....
Govt urged to protect PIA jobs
ISLAMABAD: National Assembly panel recommended that government mandate the of Pakistan International Airlines to retain employees for at least five years after its privatisation. Airline has incurred losses of Rs 500 billion over past eight years. Ho...
Pakistan's 'zombie power sector sucking blood out of healthy firms': Atif Mian
KARACHI: Renowned economist Atif Mian likened Pakistan's entire power sector to "Zombie" that is "Sucking blood out of rest of economy". In post on X, formerly Pakistani-American economist, currently professor of Economics, Public Policy and Finance...
ADB Country Director calls on President Zardari
ISLAMABAD: Asian Development Bank (ADB) Country Director Yong Ye called on President Asif Ali Zardari to brief him about role of Bank in socio-economic development of Pakistan. In meeting, President Zardari appreciated assistance provided by Asian D...
KSE-100 index gains 533 points
KARACHI: Pakistan Stock Exchange (PSX) witnessed positive session as its benchmark KSE-100 Index closed higher by 533 points, with analysts attributing bullish run to lower cut-off yields. KSE-100 started session with buying spree that kept its mome...
