Rupee depreciates value versus dollar to close 228.66
Karachi: Rupee’s downward trajectory against dollar continued for 20th successive session, depreciating 0.14 percent in inter-bank market. As per State Bank of Pakistan rupee declined by 0.32 paisa to close at 228.66. During ongoing fiscal year...
CPEC epic manifestation of partnership between Pakistan, China: NA Speaker
ISLAMABAD: Speaker of National Assembly Raja Pervez Ashraf said that China Pakistan Economic Corridor (CPEC) is an epic manifestation of ironclad friendship between two countries. Addressing launch ceremony of All-Pakistan Chinese Enterprises’...
France to provide soft loan worth €120m for Keyal Khuwar hydropower project
ISLAMABAD: France will provide soft loan of 120 million euro for Keyal Khuwar 128 megawatt hydropower project in Khyber Pakhtunkhwa. An agreement to this effect was signed between Ministry of Economic Affairs and French Agency for Development here. S...
Dar hosts farewell in honour of outgoing Chinese envoy
ISLAMABAD: Finance Minister Senator Ishaq Dar here hosted farewell lunch on behalf of Prime Minister Shehbaz Sharif in honour of out-going Ambassador of Peoples’ Republic of China Nong Rong. Finance Minister on PM’s behalf lauded Ambassad...
China’s BRI aligned with development strategy, national interests: Ahsan
ISLAMABAD: Minister for Planning and Development Ahsan Iqbal said China’s ‘Belt and Road Initiative’ (BRI) is aligned with Pakistan’s development strategy and national interests. According to Radio Pakistan’s report, in...
PSX plunges over 1,378pts to hit 2.5-year low as politics weigh
KARACHI: Pakistan stocks plunged to 30-month low as country’s extremely riotous political situation freaked economy-wary investors into stampeding towards exits, resulting in whopping losses, Stock traders said. KSE-100 shares index lost 1,378....
HBL, NayaPay join hands to boost int’l remittances
Karachi: HBL has partnered with NayaPay to facilitate real-time cross-border transaction flows into Pakistan. Customers can now receive foreign remittances through HBL’s partnering money transfer agents (MTOs) directly into their NayaPay accoun...
EFP will participate in joint workshop of Asian Employer Federations
KARACHI: Majyd Aziz former President and Rabiya Anwer Assistant Secretary General of Employer Federation of Pakistan (EFP) held bilateral meeting to discuss various programmes planned for 2023 with Akira Kuriyama, Naoharu Shudo, and Yoko Maeda from...
Salt Iodisation programme being compromised over cargo hold
KARACHI: Ismail Suttar Chairman Salt Manufacturers Association of Pakistan (SMAP) reaches out to Minister Ishaque Dar for immediate attention to Salt Iodisation Programme. Salt industry in Pakistan has grown massively in recent years with combined ef...
Britain's M&S to invest $587m in store estate
LONDON (Reuters) - British clothing and food retailer Marks & Spencer (MKS.L) plans to open 20 new, bigger stores in its 2023-24 year as part of a radical overhaul of its store estate that will see it invest 480 million pounds ($587 million). The...
