PCA team, FPCCI discuss businessmen issues
Karachi: Three member delegation of Pakistan Coating Association (PCA) headed by M Badar Haroon along with senior Vice Chairman held meeting with Vice President Federation Pakistan Chambers of Commerce and Industry (FPCCI). VP FPCCI Nadeem Ahmed Qur...
US wants World Trade Organisation dispute system fixed by 2024
GENEVA: The United States is entering a third phase of talks with countries to reform the World Trade Organization’s (WTO) hobbled trade dispute arbitration system and aims for it to be “fully functioning” by the end of 2024, the US...
Default fears still loom but risks reduced: Ismail
KARACHI: There is uncertainty at moment along with probability of Pakistan going into default, odds of which have spiked since country drifted away from negotiations with International Monetary Fund said, former Finance Minister Miftah Ismail. &ldquo...
Oil prices advance on us growth, chinese recovery hope
London: Oil prices edged ahead for second session buoyed by stronger-than-expected US economic growth and hopes of rapid recovery in Chinese demand as Covid-19 cases and deaths plunged from last month’s peak levels. Brent futures gained 30 cent...
Event in honour of Turkish trade team at HMR Waterfront
KARACHI: Haji Rafiq Pardesi Chairman HMR Group organised an event in honour of visiting Turkish trade delegation at HMR Waterfront here. Chief Guest Cemal Sangu Consul General of Turkiye to Karachi and Hasnain Pardesi Chief Executive HMR Group among...
KSE-100 sheds 396pts owing to economic uncertainty
Karachi: Pakistan Stock Exchange (PSX) KSE-1000 index closed in red as KSE-100 Index dropped nearly 1 percent owing to weak investor sentiment. Weakening macroeconomic cues and persistent political uncertainty kept investor participation low. At end...
Rupee nosedives, value stays to 268.30 versus dollar
Karachi: Rupee battered unabated by dollar as domestic unit plunged by fresh 4.78 percent (or Rs 8.87) to new all-time low of Rs 268.30 against dollar in interbank market. Rupee recorded single largest slump in a day back of 9.61 percent (or Rs24.54)...
Miftah says Dar’s attempts to run economy without IMF harmed Pakistan
Islamabad: Pakistan Muslim League-Nawaz leader Miftah Ismail slammed Finance Minister Ishaq Dar on doubting his ability to keep economy afloat. “I don’t know why Dar was brought back but Dar thought that he could run country without Inter...
Dollar reaches all-time high in interbank, trades at Rs255
KARACHI: Domestic unit took an enormous blow in interbank market during intraday trade as it depreciated by more than Rs 24, day after lifting of unofficial cap in open market. Unit was trading at Rs 255 against dollar during intraday trade. This is...
Pak-Russia to sign low-cost oil accord in March: Musadik
ISLAMABAD: Minister of State for Petroleum Dr Musadik Malik said Pakistan would sign an agreement with Russia in March to get inexpensive crude oil besides ‘Holistic energy security plan’ by year-end, which would be beneficial for both co...
