ADB appoints Safdar Parvez as country director in China
ISLAMABAD: Asian Development Bank (ADB) appointed Safdar Parvez as its Country Director for People’s Republic of China (PRC). Parvez arrived in Beijing following his appointment last month, said statement issued by ADB. As Country Director, he...
Oil steadies as rate hikes loom, Russian flows stay strong
LONDON: Oil steadied as looming interest rate hikes by major central banks and signs of strong Russian exports balanced rising Middle East tension over drone attack in Iran and hopes of higher Chinese demand. Investors expect Federal Reserve to raise...
Rupee closes at fresh low of 269.63 versus dollar
Karachi: Rupee continued to sustain heavy losses against dollar in inter-bank market, closing session with another 2.61 percent fall. As per State Bank of Pakistan unit fell Rs 7.03 against dollar. On Friday, it settled at 262.6 after fall of Rs 7.17...
UBG leaders dismiss rise in oil prices
Karachi: United Business Group (UBG) rejected recent increase in price of petroleum products, describing it as nightmare for business class and people of country in current situation. UBG President Zubair Tufail, Chairman Sindh Region Khalid Tawab, S...
Human, natural resources equally essential for socio-eco prosperity: President
ISLAMABAD: President Dr Arif Alvi said that both human as well natural resources were essential for socio-economically prosperity of country. Addressing ‘GB Dream Road Show’, organised by Gilgit-Baltistan (GB) government he said that inte...
CDNS attain Rs760bn through fresh bonds by Jan 25
ISLAMABAD: Central Directorate of National Savings (CDNS) realised target of issuing Rs 760 billion in fresh bonds in current fiscal year 2022-23 from July 1 to January 25, 2023. CDNS has set reviewed saving target of Rs 1.3 trillion for current fina...
KSE-100 falls over 500 points in aftermath of Peshawar blast
Karachi: Pakistan Stock Exchange (PSX) faced jolt as KSE-100 index fell over 500 points in aftermath of blast at a Peshawar masjid that left around 32 dead and nearly 148 injured as worsening security conditions signalled difficult times ahead for co...
FinMin Dar demands probe of economic loopholes in PTI tenure
ISLAMABAD: Finance Minister Ishaq Dar demanded an investigation of economic loopholes in Pakistan Tehreek-i-Insaaf tenure. As per reports, Ishaq Dar said in his speech at inaugural ceremony of Green Line Express Train that Railway will be not only se...
Gov Tessori, Abdullah Nasir discuss economic, investment matters
Karachi: Sindh Governor Kamran Tessori and Dubai’s well-known businessman Abdullah Nasir Lotha discussed increasing mutual trade, investment opportunities in province, cooperation in health, education and other sectors besides matters of mutual...
PASPIDA urges government to remove chapters 84/85
KARACHI: Pakistan Automobile Spare Parts Importers and Dealers Association (PASPIDA) urged government for removal of Chapter 84/85 items from negative list and condition of FX approval from SBP to allow free imports of essential items of heavy taxpay...
