PSX sheds over 950 points
KARACHI: The Pakistan Stock Exchange (PSX) shed 956.43 points, or 1.98 per cent, on Tuesday as the market witnessed selling pressure with the investors going for profit-taking after massive rally in recent weeks. Hence, all sectors – including...
SBP to remain closed on August 14
KARACHI: The State Bank of Pakistan (SBP) said it would remain closed on August 14 (Monday) on the occasion of Independence Day. In line with the SBP, all banks across the country will also remain closed, according to a statement. Pakistan secured in...
Pakistan's textile industry bears brunt of economic woes
LAHORE: Lubna Babar, a worker in a textile factory, was made redundant at the beginning of the year as Pakistan's textile industry loses ground to more nimble Asian competitors. She is one of the many victims of the crisis facing the country's...
Ahsan Iqbal inaugurates centres to produce world-class researchers at QAU
ISLAMABAD: Minister for Planning, Development and Special Initiatives Ahsan Iqbal inaugurated three centres including Pakistan China Joint Research Centre, Pakistan China Joint Research Centre on Earth Sciences and Dr A Q Khan Institute of Material a...
Pakistan, Iran chalked out 5-year $5bn trade ties plan: FM
ISLAMABAD: Pakistan and Iran have chalked out five-year trade cooperation plan 2023-2028 with trade target of five billion dollars. This was stated by Foreign Minister Bilawal Bhutto Zardari at joint press stakeout along with his Iranian counterpart...
PM expresses determination to make second phase of CPEC resounding success
ISLAMABAD: Prime Minister Shehbaz Sharif expressed determination to make second phase of China Pakistan Economic Corridor a resounding success. In tweet, he expressed his gratitude to Chinese President Xi Jinping for his powerful message of support a...
Petrol, HSD prices: Govt announces hike of nearly Rs20 per litre
Karachi: Government increased price of petrol and high-speed diesel (HSD) by nearly Rs 20 per litre with immediate effect. At brief press conference, Finance Minister Ishaq Dar announced that price of HSD will be increased by Rs 19.90 per litre for n...
1,980MW Thar power added to national grid, tells Dastagir
ISLAMABAD: Minister for Power Khurram Dastgir revealed that electricity general from Thar coal-fired projects has started which is an important milestone in country's history. Addressing news conference here, Khurram Dastgir said 5,063MW of electrici...
Pak-China's economic, diplomatic ties to reach new heights: Dar
ISLAMABAD: Finance Minister Ishaq Dar expressed confidence that economic and diplomatic ties between Pakistan and China will touch new heights in time to come. Addressing opening ceremony of Bank of China Islamabad Branch, he said that China has alwa...
SBP keeps key policy rate unchanged at 22pc
KARACHI: The central bank on Monday announced that the key policy rate - the cost of banks’ lending - would remain unchanged at 22 per cent. Notably, in its first meeting after a new loan programme by the IMF, the SBP was scheduled&nb...
