Pakistan poised to serve as economic corridor for global economies: Envoy
WASHINGTON: Outlining vast opportunities in Pakistan, Ambassador to United States Rizwan Saeed Sheikh said Islamabad was poised to serve as economic corridor for global economies. Ambassador made these remarks during his meetings with Texas leadersh...
Rupee closes flat in value against dollar
KARACHI: Rupee remained largely stable against dollar, depreciating 0.01 percent in interbank market. At close, domestic unit settled at 277.66, loss of 0.02 paisa against greenback. In interbank market rate for dollar for bid was to Rs 277.66 and f...
‘Saudi food chain AlBaik coming to Pakistan’
Jeddah: AlBaik Food System Company-popular Saudi food chain is expected to make its debut in Pakistan as memorandum of understanding has been signed between company and Gas and Oil Pakistan Ltd (Go) under Saudi Ministry of Investment. Jeddah-based fo...
KSE-100 sheds 222pts on late-session selling
Karachi: Pakistan Stock Exchange’s benchmark KSE-100 Index opened on higher note on Monday, adding more than 600 points during intra-day trading before late-session selling erased gains and pushed index into negative territory. At close, benchm...
Pakistan, China sign MoUs in various sectors
ISLAMABAD:Pakistan and China signed several Memoranda of Understanding (MoUs) in various sectors during Chinese Premier Li Qiang’s visit, where he was welcomed by Prime Minister Shehbaz Sharif. According to reports, Premier Li Qiang arrived at...
Pakistan’s progress affected by corruption, red tape, weak business conditions: IMF
Islamabad: International Monetary Fund (IMF) has identified corruption, bureaucratic red tape and weak business environment as primary challenges hindering Pakistan’s development. In response, government has assured IMF of taking firm steps to...
Pakistan, KSA ink over $2bn bilateral investment pacts
ISLAMABAD: Prime Minister Shehbaz Sharif hailed Saudi Arabia’s over $ 2 billion investment in Pakistan as two countries signed several memorandum of understandings to boost bilateral trade and investment. “Visit of Saudi delegation, heade...
FBR cybersecurity failure leads to billions in tax fraud
KARACHI: Federal Tax Ombudsman (FTO) revealed that cyber security of Federal Board of Revenue (FBR) has failed, resulting in tax fraud of Rs 14.66 billion. FTO has revealed that taxpayers’ data was compromised in cyberattack, leading to tax fra...
Gold price inches up
KARACHI: After experiencing decline in first two days of week, gold price saw an increase on Wednesday, rising by Rs 600 per tola. According to All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), price of 24-carat gold reached Rs 275,500 pe...
KSE-100 closes marginally higher to 62pts
KARACHI: Pakistan Stock Exchange witnessed mixed trading on Wednesday, as benchmark KSE-100 Index swayed in both directions before closing day marginally higher by 162 points. KSE-100 started day with negative momentum, hitting an intra-day low...
