Business

Govt to meet IMF conditions without overburdening common man: Ahsan Iqbal

ISLAMABAD: Minister for Planning, Development and Special Initiatives Ahsan Iqbal said that government would meet conditions set by International Monetary Fund (IMF) to complete programme, but common man would not be affected by decisions. He said IM...

Power tariff likely to be scaled down by Rs2.20/unit

ISLAMABAD: Electricity tariff is likely to be scaled down by Rs 2.20 per unit. Central Power Purchasing Agency (CPPA) filed application with NEPRA for scaling down power tariff by Rs 2.20 per unit under head of fuel adjustment for month of December....

Events like Expo Riva can help Pakistan’s shoe-makers: PFMA

LAHORE:- Pakistan’s leading shoe-making companies participated in three days footwear fair of Expo Riva Schuh from January 14-17 in Italy under aegis of Pakistan Footwear Manufacturers Association PFMA) to have preview of fashion collections, g...

PYMA pleas SBP to remove hurdles in clearance of textile raw materials

KARACHI: Pakistan Yarn Merchants Association (PYMA) informed Governor State Bank of Pakistan, Jameel Ahmed of serious situation arising from obstacles in clearance of textile import raw materials. It requested for facility of Letter of Credits (LCs)...

Don’t run after IMF, WB, announce amnesty for dollar collection within country: Hyatt Maggo

KARACHI: “Whenever I visited the officials from the State Bank, they behaved just like officers of the World Bank or the IMF; which is bad thinking. We need officials of a Pakistani mindset to give relief to people. There are two aspects; one i...

Jam Dharejo orders to prepare summary of 1bn for KATI

Karachi: Sindh Minister for Industries and Cooperatives Jam Ikramullah Dharejo issued orders to Secretary Industries to prepare summary of one billion rupees for development work of Korangi Industrial Area. Talking to Korangi Association of Trade and...

Rupee sheds value versus dollar in interbank

ISLAMABAD: Exchange rate of Rupee depreciated by 25 paisa against dollar in interbank trading and sclosed at Rs 229.15 against previous day’s closing of Rs 228.90. In inter market bid was Rs 229.15 while offer was Rs 230.15 and in open market b...

PSX closes flat, gains 45pts

ISLAMABAD: Pakistan Stock Exchange (PSX) KSE-100 index continued with bullish trend gaining 44.49 points, positive change of 0.10 percent, closing at 38,831.58 against 38,791.09 points previous day. Total of 157,822,378 shares were traded during day...

Major emitters must assist global clean energy transition: Sherry Rehman

DAVOS: Minister for Climate Change Senator Sherry Rehman said, “Historic emitters responsible for majority of global GHG emissions need to move resources to allow developing and emerging economies to make energy transition to renewable without...

Academia industrial linkage urged: Coordinator Fed Tax Ombudsman

LAHORE: Coordinator to Federal Tax Ombudsman and Chairman Kyrgyzstan Trade House Meher Kashif Younis said in prevailing global scenario, industrial robotics, artificial intelligence and manufacturing based economy are pre-requisite for sustainable ec...

NC Big Stories

Babar Azam reclaims top spot in ICC Men’s ODI Rankings

Pakistan’s cricket star Babar Azam has once again ascended to the top of the ICC Men’s ODI Rankings, reclaiming the No 1 spot with 809 rating points, as per the latest update released by the International Cricket Council (ICC). Babar Azam...

KSE-100 soars 4,700 points, closes above 99k as PTI protest ends

KARACHI: After experiencing its largest single-day drop of over 3,500 points, the Pakistan Stock Exchange (PSX) made an impressive recovery, with the benchmark KSE-100 Index surging by nearly 4,700 points, marking the highest-ever single-day point ga...

Professionals Network organizes Islamic Banking & Finance Conference

KARACHI: Professionals Network recently organised Islamic Banking & Finance Conference at a local hotel in Karachi. The Chief Guest of the inaugural session was Syed Samar Hasnain (Executive Director, SBP). Speakers include Jawad Majid Khan (Pre...

Pakistan, China sign $250mln MoUs to enhance agri, food processing

ISLAMABAD: Pakistan and China have signed 13 Memoranda of Understanding (MoUs) aimed at boosting collaboration in agriculture and food processing sectors. The total value of these MoUs amounts to $250 million, reflecting a significant step toward str...
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