Country importing wheat worth $2bn annually: Tariq Cheema
ISLAMABAD: Minister for National Food Security and Research Tariq Bashir Cheema said that now Pakistan is importing wheat worth $ 2 billion annually, at one time, Pakistan used to export wheat. Addressing press conference here, he said that this time...
Rupee falls marginally against dollar, closes to 228.15
Karachi: Rupee registered marginal depreciation against dollar for 18th successive session in inter-bank market. As per State Bank of Pakistan (SBP), rupee declined by 0.01 paisa to close at 228.15. During ongoing fiscal year, rupee has depreciated 1...
Chinese diabetes medicine approved for use in Pakistan
BEIJING: Insulin glargine injections developed by Chinese pharmaceutical company has been approved for diabetes patients in Pakistan. Insulin glargine injecta BASAGINE developed received approval for registration (Reg. No. 111178) by Drug Regulatory...
PSMC extends plant shutdown again due to inventory shortage
Karachi: Pak Suzuki Motor Company (PSMC) said it will once again extend its plant shutdown from January 16 to January 20, 2023 due to shortage of inventory. Automaker shared development in notice to Pakistan Stock Exchange (PSX). “Further to ou...
Economy based on strong footing, zero chance of default: Ahsan Iqbal
ISLAMABAD: Minister for Planning, Development and Special Initiatives Ahsan Iqbal said despite economic challenges Pakistan was not defaulting in any case. “Although we are facing economic challenges, there is zero percent chance of defaulting&...
NEPRA approves to jack up power tariff for K-E consumers
ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has accorded approval to jack up power tariff by Rs 4.49 for K-Electric consumers. Increase in tariff for different categories will range between Rs 1.49 to Rs 4.49. NEPRA issued decisio...
PM confident his UAE visit to turn bilateral ties into strategic partnership
ABU DHABI: Prime Minister Shehbaz Sharif said his visit to United Arab Emirates (UAE) would help turn bilateral relations between two countries into strategic partnership. Talking to delegation of Pakistan Business Council in UAE, he termed as succes...
Pakistan workers’ remittances fall 19pc in Dec
KARACHI: Overseas workers’ remittances flowing into Pakistan dropped 19 percent year-on-year in December 2022 to $ 2.0 billion from $ 2.52 billion recorded in same month of previous fiscal year FY2022, central bank said. Remittances were down 1...
PYMA asks govt to waive off demurrage, detention charges on PY
Karachi: Sohail Nisar senior Vice Chairman Pakistan Yarn Merchants Association (PYMA) expressing deep concern over not opening letters of credit (LCs) by banks despite clear instructions from State Bank of Pakistan demanded to release detained contai...
Aimal Developers organizes dealers convention
Karachi: Shangrila City luxurious and affordable housing project organised dealer convention in honour of people associated with project at a local hotel. Convention was briefed by Aimal Developers about master plan of Shangrila City and details of f...
