KSE-100 index dips 262pts on banking, fertilizer scrips
Karachi: Pakistan Stock Exchange (PSX) endured topsy-turvy trading session and KSE-100 Index retreated 0.64 percent owing to further depreciation in rupee. Weakening macroeconomic cues dented investor sentiment and sparked negativity at equity market...
Russian fuel cargoes to start arriving from April, Senate told
ISLAMABAD: Vessels carrying Russian oil and crude products would start arriving Pakistan from April this year, Minister of State for Petroleum Dr Musadik Malik told Senate. Replying to question of Senator Mushtaq Ahmed during question hour in Senate,...
US Ambassador, Commerce Minister discuss eco ties
ISLAMABAD: US Ambassador to Pakistan Donald Blome here called on Minister for Commerce Syed Naveed Qamar. According to press statement issued by Commerce Ministry, they discussed matters of mutual interests, including economic cooperation, trade init...
Pakistan needs to explore alternatives to IMF: FPCCI
Karachi: President FPCCI Irfan Iqbal on book launching 'Alternative to IMF and other out of box solutions' by Dr. Shahida Wizarat, independent economist and author of more than 100 books and papers said that treasure of knowledge applied by author ha...
MMBL, Avanza Solutions to launch DOST Corporate Portal
Islamabad: Mobilink Microfinance Bank Limited (MMBL) part of VEON group has collaborated with Avanza Solutions to develop and deploy state-of-the-art enterprise banking solution, ‘DOST Corporate Portal’. VEON is transforming people’...
Finland to enhance trade relations with Pakistan: envoy Hannu
ISLAMABAD: Finland Ambassador to Pakistan Hannu Ripatti said that Finland government has planned to establish direct trade activities with Pakistan by removing third-party involvement. Talking to APP, he said Business Council of Finland will host bus...
Rupee remains on ropes, plunges to historic low of Rs271.35
KARACHI: Rupee resumed downwards slide after two modest sessions as “Optimism surrounding government and International Monetary Fund (IMF) talks scaled back”. Rupee depreciated by 2.52 to settle at Rs 271.35 at close of day. However, dome...
FBR launches ‘App’ of currency declaration for int’l travellers
ISLAMABAD: Federal Board of Revenue (FBR) launched mobile application ‘Pass Track’ with regard to currency declaration for international travellers. “Mobile App ‘Pass Track’ has been modified to facilitate passengers to...
‘We need to introduce interest-free based system: Dar
ISLAMABAD: Finance Minister Ishaq Dar said it is our stand interest based system should be eliminated as soon as possible from country. “Promotion of usury system is declaration of war against Allah and Holy Prophet (PBUH) and we cannot fight t...
Fund rejects circular debt management plan
ISLAMABAD: International Monetary Fund (IMF) has rejected circular debt management plan (CDMP) presented by government and asked authorities to raise electricity tariff by Rs 12.50 per unit in order to restrict additional subsidy at Rs 335 billion fo...
