Hamdard inks manufacturing partnership with NIMIR
KARACHI: Hamdard Pakistan entered into an agreement with NIMIR Industrial Chemicals for provision of manufacturing services for few of Hamdard’s products at contract-signing ceremony held at Hamdard Corporate Head Office. Dr. Arshad Saleem Chie...
FPCCI for promoting trade, investment ties with Bulgaria
ISLAMABAD: President of Federation of Pakistan Chamber of Commerce and Industry Irfan Iqbal Shaikh stressed need for enhancing bilateral trade and investment relations between Pakistan and Bulgaria as existing trade volume between two countries was l...
Dar confident Pakistanis to soon hear ‘Good news’ on IMF talks
KARACHI: Pakistani authorities are expecting International Monetary Fund (IMF) to share draft memorandum of economic and financial policies (MEFP) with them today despite differences over external financing needs and power sector losses. Pakistan and...
Karachi Police Chief assures industrialists to make SITE area crime-free
KARACHI: Additional Inspector General of Police Karachi, Javed Alam Odho has assured industrialists of site industrial area to implement effective security measures, said that Safe City project will be inaugurated very soon, main office of which will...
OGRA identifies 19 illegal fuel storages in Punjab
ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) identified 19 illegal storage facilities in different areas of Punjab which could allegedly be used for hoarding petroleum products, causing fuel shortages across country. Authority in letter written...
Rupee gains ground against dollar
Karachi: Rupee gained ground against dollar as market was hopeful of positive outcome of ongoing talks between government and International Monetary Fund (IMF). In interbank market, rupee appreciated Rs 2.95 or 1.08 percent against dollar to close at...
MCB’s profit up 10pc in 2022, forex income jumps 149pc
Karachi: MCB Bank Limited posted consolidated earnings of Rs 34.451 billion in 2022, up 10 percent from year ago, notice sent to Pakistan Stock Exchange (PSX) stated. MCB announced an interim cash dividend of Rs 6 per share i.e. 60 percent for quarte...
Political stability, continuity of policies crucial for economic uplift: Ahsan
ISLAMABAD: Minister for Planning, Development Dr Ahsan Iqbal termed political stability and continuity of policies as essential for achieving economic development in country. “If you want to continue playing in political theatre you cannot brin...
Crucial IMF talks hang in balance
ISLAMABAD: International Monetary Fund (IMF) suspects that Pakistan may not receive projected $ 5 billion loans from multilateral and commercial creditors as Islamabad still awaits Memorandum for Economic and Financial Policies (MEFP) draft with only...
Govt determined to put economy on positive trajectory despite all challenges: Dar
ISLAMABAD: Minister for Finance and Revenue Ishaq Dar yesterday the government is determined to put economy on positive trajectory despite all challenges. He was talking to Chief Economist of Asian Infrastructure and Investment Bank Erik Berglof who...
