Another textile firm cuts production by up to 50pc
Karachi: Economic distress continued to bite Pakistan’s textile sector after another local textile firm announced that it will curtail production by half. Crescent Fibres Limited, engaged in manufacture and sale of yarn, conveyed to Pakistan St...
Pakistan, Malaysia vow to strengthen economic, trade cooperation
ISLAMABAD: Pakistan and Malaysia reaffirmed commitment to further strengthen their historic ties anchored in strong economic and trade cooperation. Understanding came in telephonic conversation between Prime Minister Shehbaz Sharif and Malaysian Prim...
‘First ever double wicket cricket tournament becomes centre of attention’
Karachi: A unique cricket tournament Event of Father & Son / Daughter and Siblings played at UBL Sports Complex Karachi. The tournament was conducted in a double wicket style. Families participated in large numbers to spot the main party of the t...
CETP, water line project to be taken up with govt, high ups: Naz Baloch
Karachi: Naz Baloch Parliamentary Secretary member National Assembly expressed commitment to take up issue of pending Combined Affluent Treatment Plant (CETP) and water line from Hub Dam to SITE area at various levels in federal and provincial govern...
Inflation hits 24.5pc in Dec 2022
ISLAMABAD: Inflation measured by Consumer Price Index (CPI) rose to 24.5 percent in December 2022 on year-on-year (YoY) basis, Pakistan Bureau of Statistics (PBS) said in report. On month-on-month (MoM) basis, inflation increased to 0.5 percent in De...
AJK Minister performs soft launching of Solar Clean Energy moot
KARACHII: Azad Jammu and Kashmir Minister for Energy and Water Resources Chaudhry Arshad Hussain performed soft launching of 3rd International Solar Clean Energy Conference 2023. AJK minister appreciated that organiser of upcoming conference, Energy...
KPT with NBP inks accord for banking needs of employees
Karachi: National Bank of Pakistan (NBP) and Karachi Port Trust (KPT) signed an agreement for “Employee Banking” for provision of banking facilities to KPT employees. Under arrangement, NBP will facilitate KPT employees to meet their fina...
Economic growth to remain below budgeted target: Economic Outlook
ISLAMABAD: Economic growth for fiscal year 2022-23 is likely to remain below budgeted target due to devastation created by floods, finance ministry said in recent report released here. “This combination of low growth, high inflation and low lev...
Pakistan should learn from China for economic development: Ahsan Iqbal
ISLAMABAD: Minister for Planning Development and Special Initiatives Professor Ahsan Iqbal said Pakistan should learn from China for economic and technological development. To ensure economic development, country should have peaceful environment addi...
Pakistan fight to avoid defeat in first Test after Williamson double ton
Karachi: Pakistan will need to bat out the last day to avoid defeat in the first Test after New Zealand gained the upper hand Thursday through a masterly undefeated double-hundred by Kane Williamson in Karachi. Trailing by 174 runs after the first in...
