Several countries extend oil cuts to boost prices
Riyadh: Russia, Saudi Arabia and several other OPEC+ members announced extensions to oil production cuts first announced in 2023 as part of an agreement among oil producers to boost prices following economic uncertainty. Plan to extend cuts to mid-20...
Pakistan-Afghanistan trade restart, boosting economies
The commercial activities between Pakistan and Afghanistan through Chaman-Spin Boldak border have been restored. On November 16, 2023, Pakistan declared the end of the document regime for entry and exit on the Pak-Afghan border, after which local peo...
‘CTFK’ calls for 30pc tax hike on cigarettes
Karachi: Society for Protection of Rights of Child (SPARC), in statement shared statistics highlighting significant burden tobacco use imposes on Pakistan, both in terms of public health and economic costs. Instead of increasing taxes on utilities su...
PSX closes in green on heavy-weight sectors
Karachi: Positive sentiments led by political clarity over formation of new government were witnessed at Pakistan Stock Exchange (PSX) as benchmark KSE-100 index crossed 65,000 level during trading. At close, benchmark index settled at 65,325.69, an...
Akhtar urges early IMF deal
ISLAMABAD: Pakistan is facing challenge of unsustainable public debt and new government should reach an early agreement with International Monetary Fund (IMF) for long-term bailout package to continue difficult reforms, said outgoing interim Finance...
Pakistan’s trade deficit narrows 30pc to $14.9bn in 8MFY24
Karachi: Pakistan’s trade deficit shrank 30 percent to $ 14.87 billion during July-February (8MFY24) on account of considerable reduction in imports and an increase in exports, data released by Pakistan Bureau of Statistics (PBS) showed. Countr...
NEC approves guidelines for PSDP allocations
ISLAMABAD: National Economic Council (NEC) approved policy guidelines to include highly underdeveloped areas in Khyber Pakhtunkhwa and Balochistan provinces in priority list for fund allocation under Public Sector Development Programme (PSDP) in upco...
Pakistan planning to implement carbon pricing mechanism: ADB
ISLAMABAD: Pakistan is planning to implement carbon pricing mechanism-policy tool to lower greenhouse gas emissions. This has been stated in report of Asian Development Bank (ADB) titled, ‘Asian Economic Integration Report 2024, Decarbonising G...
NUST, Tameer-e-Khalaq to foster collaboration for climate change initiatives
Islamabad: Tameer-e-Khalaq Foundation (TKF) and National University of Science and Technology (NUST) have officially entered into Memorandum of Understanding (MOU) to enhance collaboration and participation in activities related to climate change ini...
Jubilee Life, SEED Ventures host ‘Enterprise Challenge Pakistan Fundraising’ event
Karachi: Jubilee Life Insurance hosted fundraising dinner for Enterprise Challenge Pakistan (ECP), national entrepreneurship competition for 14-18-year-old students, with distinguished guests in attendance including Sarah Mooney British Deputy High C...
