Neelum Jhelum project’s power intake system completed

ISLAMABAD: The Power intake system of Neelum Jhelum Hydropower Project at dam site has been completed with the operationalisation of the third de-sander in...

Devaluation ‘inevitable’, govt says after rupee falls to historic low

Rupee drops to lowest value ever against US dollar at Rs144 in intra-day trading before SBP intervenes to raise it to Rs136.5-137.5 at market close

Government to lift furnace oil for power plants to ease “jet fuel crunch”

ISLAMABAD: The government on Monday capitulated and principally decided to lift imported and domestic furnace oil for power plants to ease jet fuel crunch...

Al Shaheer IPO was manipulated: SECP files criminal case

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has filed a criminal complaint in the Karachi sessions court against a group, comprising of...

Russian parliament considering ban on list of US imports

MOSCOW: Russia’s lower house of parliament is to consider draft legislation that would give the Kremlin powers to ban or restrict a list of...

US fund managers brace for consumer slowdown

With expectations for slowing growth escalating, US fund managers are selectively avoiding stocks in consumer companies as lofty valuations, concerns about declining earnings estimates,...

Rare earths: The latest weapon in the US-China trade war

BEIJING: They are used in everything from lightbulbs to guided missiles, but with China controlling 95 per cent of the world's supply of rare...

PM Imran’s visit to China to stabilise economy: PEW

ISLAMABAD: The Pakistan Economy Watch (PEW) on Sunday said the upcoming visit of Prime Minister Imran Khan to China can result in various deals...

Pakistan turns to Gulf countries to keep economy afloat

Saudi Arabia and its ally, the United Arab Emirates, have offered Pakistan over $30 billion in loans and investments, with Saudi Crown Prince Mohammed...

Govt lost on another opportunity to revive economy: APTMA

KARACHISR. Vice Chairman All Pakistan Textile Mills Association (APTMA) Zahid Mazhar, said the government has once again lost the opportunity to revive the national...

Pakistan’s fiscal deficit soars to 1.03tr in six months 

Govt struggles to restrict the budget deficit despite introducing two mini-budgets in last six months Country’s expenditures stood at Rs3.36tr (8.7pc of the...

Pakistan, Senegal look forward to partnership in trade, tourism

DAKAR: Pakistan and Senegal agree to promote partnership in trade, agriculture, textiles, higher education and vocational training, information technology, air transport and tourism. Pakistan...

Fauji Foods keen on doubling its market share to 8pc in dairy sector says: Bloomberg

Lahore: A report compiled by Bloomberg says that Fauji Foods, a subsidiary of army-owned Fauji Foundation has shown a keen interest in broadening its...

Gas tariff likely to increase by 75-80pc, says OGRA chief

The Oil and Gas Regulatory Authority (OGRA) chairperson has said that the hike in gas price was inevitable and an increase of 75-80pc in...

Being put on FATF list, may spike up banks foreign transaction costs

KARACHI: Pakistani banks could see a major spike in costs of their foreign transactions if the country is put on the international terrorism-financing watchlist,...

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PM Imran says no to dollar at SCO

PM urges SCO to finalise arrangements for trade in local currencies, set up SCO bank  Says Organisation needs to advance goals of peaceful...

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