Red Sea crisis sparks surge in air freight rates
Global air freight rates have climbed for the first time in seven weeks ahead of Asia’s lunar new year and as attacks on Red Sea shipping prompt companies to secure costlier air cargo space. The Baltic Air Freight Index, which shows general car...
Bilawal vows to end subsidies given to elite for economic recovery
Islamabad: Bilawal Bhutto Zardari Chairman of Pakistan Peoples’ Party pledged to end subsidies, amounting to Rs 1,500 billion, being granted to elites, saying that upon coming into power, his government would redirect these funds towards welfar...
SBP maintains interest bps-rate at 22pc
Karachi: State Bank of Pakistan’s Monetary Policy Committee announced maintaining status quo, leaving key (bps) policy rate unchanged at 22 percent. MPC’s decision to maintain key policy rate unchanged for fifth time in row-is in line wit...
Steadfast decision: SBP keeps key interest rate at 22% for fifth consecutive time
On Monday, the State Bank of Pakistan (SBP) opted to maintain the interest rate at 22 percent. The announcement, following a meeting of the Monetary Policy Committee (MPC), was delivered by SBP Governor Jameel Ahmed. He highlighted a 29 percent infl...
WCCI Malir, IU join hands to foster entrepreneurship among youth
KARCHI: Karachi Women Chamber of Commerce and Industry Malir (KWCCI) and Iqra University Airport campus have entered into Memorandum of Understanding aimed at providing technical training to youth, guidance in employment seeking, and fostering entrep...
Dr Alvi for greater support on Islamophobia, science among OIC
ISLAMABAD: President Dr Arif Alvi stressed need for increasing cooperation among Islamic countries to overcome issue of Islamophobia in world. President, in meeting with outgoing Ambassador of Tajikistan to Pakistan Ismatullo Nasredin, who paid farew...
PTCL Group, SNGPL join hands for cellular services
Lahore: PTCL Group (PTCL and Ufone 4G) and SNGPL have renewed their partnership for continued provision of state-of-the-art cellular services to SNGPL under PTCL Group Business Solutions. Group Chief Business Solutions Officer PTCL and Ufone 4G Zarra...
PM urges SA’s Jomaih Group to invest in alternative energy sector
ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar urged Al-Jomaih Group of Saudi Arabia to invest in alternative energy sector of Pakistan. In meeting with four-member delegation led by Al-Jomaih Group head Sheikh Abdulaziz Hammad, he said Pakis...
Gold prices witness decline in Pakistan
Gold prices in Pakistan saw a decrease, with the tola rate of 24-karat gold dropping by Rs1400 on Thursday. According to the All Sindh Sarafa Jewellers Association, the price of 10 grams of 24-karat gold increased by Rs1400 to Rs213,800 in the domes...
Gohar Ejaz appointed new interim security czar
ISLAMABAD: Caretaker Prime Minister Anwaarul Haq Kakar assigned additional portfolio of Interior Ministry to interim Minister for Commerce, Industries and Production Gohar Ejaz. “Prime Minister, in terms of rule 3(4) of Rules of Business, 1973,...
