Local cement prices increase by Rs 10 per bag
According to AKD Research, cement prices in the northern region have increased by Rs 10 per bag. Previously, cement prices had largely remained stable at...
Why does the choice of FBR chairman matter for Pakistan?
Whenever a chairman of the country's premier revenue body retires, infighting starts between the Custom service and Inland revenue service officers to capture the post
PSX roars: The mechanics behind Monday’s Bull-runÂ
Trading halted due to abnormal activity within 10 minutes of the opening of the markets on a day that marked the highest ever single day increase for the exchange. Â
Govt depending on non-tax revenue, borrowing to generate surplus budget: APBF
LAHORE: The All Pakistan Business Forum (APBF) has asked the government to take immediate measures as Pakistan’s medium-term debt repayment capacity has been weakening...
Govt to hire professionals to solve governance issues in power sector
ISLAMABAD:Â In order to address governance problems in ten power distribution companies (DISCOs), the government has decided to hire sound and experienced professionals to provide...
Pakistan amongst best performers, up by 12pc on MSCI, says report
LAHORE: Despite political and external pressures, Pakistan has recorded a surge of 12 per cent on the MSCI index and 6 per cent on...
Countries repatriating gold in wake of sanctions against Russia, study finds
An increasing number of countries are repatriating gold reserves as protection against the sort of sanctions imposed by the West on Russia, according to...
Focus: Key trade loophole keeps cheap Chinese products flowing to US
The meteoric rise of shopping platforms selling Chinese-made goods, including Shein and Temu, has been fueled by a decades-old loophole that allows cheap products...
Restrictions on free flow of capital in Pakistan lead to creation of grey market
Writing for Business Recorder, economist Ali Khizar suggested that Pakistan should remove restrictions on dollar outflows in order to attract long-term foreign investment in...
Transport corridor projects to create economic surplus: WB report
ISLAMABAD: A report launched by the World Bank Group (WB) here on Thursday revealed that investment in transport corridors is expected to create large...
Rising tech-enabled millionaires could reshape Pakistan’s political landscape
Writing for The Express Tribune, author Usman Hanif explains that in Pakistan, technology is playing an increasingly crucial role in bridging the gap and...
Bank of Punjab, NCMCL join hands for EWR project to support farmers against storage of agri commodities
KARACHI: The Bank of Punjab (BoP) and Naymat Collateral Management Limited (NCMCL) have signed a memorandum of understanding (MoU) for the development of Electronic...
Pakistani authorities seek “Plan B” amid uncertainty over IMF program
ISLAMABAD: On Wednesday, the United States inquired with Pakistan about its backup plan in case the International Monetary Fund (IMF) program concludes next week...
US on track for June 1 default without debt ceiling hike, Treasury says
The U.S. Treasury Department reiterated Monday it expects to be able to pay the U.S. government's bills only through June 1 without a debt...
Market unshaken despite external woes, gains 13pc QoQ
LAHORE: Despite depleting foreign exchange reserves, Pakistan equities continued its positive trajectory for third consecutive week, gaining 530 points (+1.2 per cent) to close...
