Pakistan keen to learn from Korean expertise in IT: PM
ISLAMABAD: Prime Minister Shehbaz Sharif said that Pakistan was keen to learn from Korea’s experience of industrialization and SME sector growth as well as in field of IT including artificial intelligence. Talking to Ambassador of Republic of K...
Kakar denies allegations in wheat import scandal
KARACHI: Former caretaker prime minister (PM) and incumbent Senator, Anwarul Haq Kakar downplayed the wheat import scandal as a ‘storm in a teacup’. “As time passes, people understand that there is neither a wheat crisis nor is this...
IMF delegation set to initiate bailout discussions with Pakistan next week
ISLAMABAD: The International Monetary Fund (IMF) mission will begin bailout talks with Pakistan next week. In a statement, Esther Perez Ruiz, the representative of the International Monetary Fund (IMF), said that an IMF mission led by Nathan Porter w...
IMF doubts Pakistan's repayment capacity as support team arrives in Islamabad
ISLAMABAD: International Monetary Fund (IMF) has claimed that crisis-hit and cash-strapped Pakistan faces debt-repayment challenges. Development came hours after an IMF support team reached Pakistan to hold talks regarding South Asian nation's reques...
PM Shehbaz empowers BOI to foster investor-friendly environment
Islamabad: In bid to stimulate economic growth and attract more investments, Prime Minister Shehbaz Sharif entrusted Board of Investment (BOI) with task of creating more conducive environment for investors. Chairing review meeting on commercial secto...
Majority stake in PIA: not yet bidders, clarifies Arif Habib Corp
Karachi: Arif Habib Corporation Limited clarified that submitting an expression of interest as well as Statement of Qualification (SOQ) for purchase of majority stake in Pakistan International Airlines (PIA) does not imply that it has become bi...
Gold price per tola unchanged
KARACHI: After witnessing back-to-back decline, gold prices remained unchanged. In local market, gold price per tola stood at Rs 239,200. Ten gram gold was sold at Rs 205,075, according to rates shared by All Pakistan Gems and Jewellers Sarafa Associ...
PSO proposes swapping debt for stake in public sector companies
KARACHI: Pakistan State Oil (PSO), said it is in talks with government on plan to acquire stakes in public sector energy companies and offset mounting debt it is owed by firms such as national airline. Stopping pile-up of unresolved debt acros...
KSE-100 inches up 56pts in range-bound trading
Karachi: Pakistan Stock Exchange (PSX)’s benchmark KSE-100 Index closed marginally higher in range-bound trading session. At close, index settled at 72,658.05, up by 56.24 points or 0.08 percent. Volume on all-share index decreased to 674.98 mi...
Traders body warns of protest against Tajir Dost tax scheme
Karachi: All Pakistan Traders Association threatened to protest against Tajir Dost tax scheme launched by government to bring 3.5 million retailers into tax net. President All Pakistan Traders Association Ajmal Baloch vowed to protest across c...
