KSE-100 closes lower-258pts points on profit taking
Karachi: Pakistan Stock Exchange (PSX) witnessed some consolidation as benchmark KSE-100 closed lower by 258 points. KSE-100 started session positive, hitting an intra-day high of 75,618.49. However, profit-taking kicked in in latter hours and pushe...
Pakistan, Turkiye decide to take volume of bilateral trade to $5bn
ISLAMABAD: Pakistan and Turkiye have decided to take volume of their bilateral trade to five billion dollars. Understanding came at delegation level talks between two countries here. Deputy Prime Minister and Foreign Minister Ishaq Dar represen...
Economic revival top priority of govt: Rana Tanveer
LAHORE: Minister of Industries and Production Rana Tanveer Hussain said that economic revival was mission and top priority of Muslim League (Nawaz) government. Addressing inaugural ceremony of special economic zone (SEZ) at Rachana Industrial...
PM urges Turkish firms to expand investment, relocate industries
ISLAMABAD: Prime Minister Shehbaz Sharif invited Turkish companies to further expand their investment portfolio in Pakistan, also urging them to consider relocating their industrial units to country. Talking to Turkish Foreign Minister Hakan F...
Rooftop net meter policy to end
ISLAMABAD: Pakistan has briefed International Monetary Fund (IMF) that it would soon end net metering policy for rooftop solar panels based on cheaper power generation and will replace it with gross metering aimed at selling highly expensive and unaf...
Minister says no talks held with IMF regarding electricity rate hike
ISLAMABAD: Power Minister Awais Ahmad Khan Leghari clarified that no talks were held with International Monetary Fund (IMF) regarding increase in electricity prices. In message posted on X, he labelled news of an increase in power tariff as “Mi...
KSE-100 extends gains, closes to 267pts
Karachi: KSE-100 index closed in green as it gained 267 points to settle near 75,000, following buying spree on some positive indicators. Index briefly crossed 75,000 for second consecutive day, but was unable to sustain level due to some selling pre...
Dar lauds EXIM Bank’s robust support for development projects
ISLAMABAD: Chairman of EXIM Bank of China Wu Fulin called on Deputy Prime Minister and Foreign Minister Ishaq Dar in Beijing. Foreign Minister and Chairman EXIM Bank discussed EXIM Bank’s long-standing cooperation with Pakistan and its interes...
Chinese FinMin reaffirms continued support for financial stability
Beijing: Chinese Finance Minister Lan Fo’an met Deputy Prime Minister Ishaq Dar and reaffirmed his country’s continued support for Pakistan’s efforts to bring about financial stability. Appreciating bilateral financial and banking c...
IMF urges Pakistan to raise GST to 18% for economic stability
ISLAMABAD: International Monetary Fund (IMF) mission has ‘asked’ Pakistani authorities to increase general sales tax (GST) to 18 per cent. The demand was put forward by the IMF during four round of talks with Pakistan authorities fo...
