Pakistan's headline inflation reading clocks in at 31.4pc in Sept
Karachi: Headline inflation clocked in at 31.4 percent on year-on-year basis in September, Pakistan Bureau of Statistics (PBS) said, significantly higher than reading in August when it stood at 27.4 percent. On month-on-month basis, it was up 2 perce...
KSE-100 gains 394pts on improved sentiment
Karachi: Pakistan Stock Exchange (PSX) saw positive sentiment as benchmark KSE-100 Index hovered by nearly 400 points. KSE-100 remained in positive territory in most part of day, hitting an intra-day high of 46,704.64. However, some profit-taking was...
Recovery 94.9pc, T&D losses 14.6pc, feeders load shedding 30pc
KARACHI: K-Electric (KE) committed yet another big fraud by misguiding consumers that it has 2001 feeders of 11KV. But at same it claims that it has total of 2,084 feeders out of which 640 (30.71 percent) are declared as load shedding feeders having...
Caretaker govt to begin talks with IMF on quarterly review next month
ISLAMABAD: Caretaker Finance Minister Dr Shamshad Akhtar revealed that government will begin talks with International Monetary Fund (IMF) on quarterly review at end of October to get next tranche. In briefing to Senate Standing Committee on Finance a...
Rupee gains, settles at 287.74 against dollar
Karachi: Rupee gained value against dollar in interbank, gaining 0.35 percent. This is rupee's 17th successive increase against greenback. As per State Bank of Pakistan domestic unit settled at 287.74 after an increase of Rs 1.01 in inter-bank market...
Planning Ministry rejects reports about non-expansion of CPEC scope
ISLAMABAD: Ministry of Planning, Development and Special Initiatives rejected reports appearing in section of media about non-expansion of scope of China-Pakistan Economic Corridor (CPEC), terming them "Misgivings and Misperceptions." "Recent news ar...
FPCCI efforts resulted in direct flights, banking channel with Kazakhstan
Karachi: Irfan Iqbal Sheikh President FPCCI informed FPCCI's sustained efforts from platform of its high-profile Pakistan-Kazakhstan Business Council have been fruitful on various counts. Shabbir Mansha VP FPCCI said some of potential products...
Shamshad reviews Raast implementation, highlights importance of public-private partnership
ISLAMABAD: Reviewing implementation status of RAAST, caretaker Minister for Finance, Revenue and Economic Affairs Dr. Shamshad Akhtar highlighted importance of public-private partnerships in achieving sustainable development goals and inclusive growt...
Commerce Minister reiterates commitment to support steel industry
ISLAMABAD: Minister for Commerce Dr. Gohar Ejaz reiterated his commitment to support steel industry and ensure its growth for industrial growth in country. Dr. Gohar Ejaz firmly stated that path forward for steel industry and other sectors in Pakista...
Pakistan seeks two LNG cargoes for winter
Karachi: Pakistan LNG Limited (PLL), government subsidiary that procures liquefied natural gas (LNG) from international market has issued tender seeking LNG cargoes. PLL, in tender advertised is seeking two cargoes on delivered-ex-ship (DES) basis t...
