Italy to provide €20.5m for GB’s economic uplift

ISLAMABAD: Italy would provide €20.5 million to support economic transformation initiatives in Gilgit-Baltistan. Economic Affairs Division Secretary Noor Ahmed and Ambassador of Italy in...

Amid political noise, KSE-100 drops below 30,000 mark 

KARACHI: Shortly after the commencement of the session on Thursday, the worst fears of Pakistan Stock Exchange (PSX) investors became a reality when...

ECC constitutes committee to review cotton prices 

ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh on Thursday chaired a meeting of the Economic Committee of...

Ministry directed to expedite privatisation process of state-owned entities

ISLAMABAD: The Cabinet Committee on Privatisation (CCoP) has directed the Ministry of Privatisation to expedite the process of privatisation of the already approved...

Govt to return over $10bn foreign debt in current fiscal year, NA told

ISLAMABAD: Economic Affairs Minister Hammad Azhar on Thursday informed the National Assembly that the government would return over $10 billion foreign debt during...

Not running away, says KIA Pakistan’s CEO, despite serious challenges

KARACHI: KIA Lucky Motors (KLM) CEO Asif Rizvi admits Pakistan is facing ‘very difficult times’ but at the same time he cited...

Railways ministry asked to expedite matters related to ML-1 project

ISLAMABAD: The Parliamentary Committee on CPEC met on Wednesday (in-camera) at the Parliament House under the chairmanship of MNA Sher Ali Arbab to...

Suspension of bilateral trade to hurt India more

ISLAMABAD: Pakistan's decision to suspend bilateral trade with India is likely to cost New Delhi around $1.891 billion per year. According to sources in...

‘Exports surge 14.2pc, imports drop 18.3pc in July’

PM's adviser says he will visit Afghanistan on 20th to share the agenda of bilateral trade  ISLAMABAD: Adviser to Prime Minister on...

Weekly SPI inflation increases 0.81pc

ISLAMABAD: The weekly inflation for the combined income group witnessed an increase of 0.81pc as compared to the previous week. The Sensitive Price Indicator...

Gold price jumps Rs1,750, reaches Rs86,250 per tola

ISLAMABAD: The price of 24-karat gold jumped by Rs1,750 and was traded at Rs86,250 per tola, as compared to the previous day's closing...

KLM officially launches KIA Sportage in Pakistan

Kia Sportage is Pakistan’s first locally-assembled all-wheel SUV with 100,000km or four years warranty LAHORE: KIA Lucky Motors (KLM) on Wednesday launched...

Stocks continue to bleed as KSE-100 drops 723 points

KARACHI: The Pakistan Stock Exchange (PSX) bled for yet another session, as the indices again recorded a fresh 52-week low on Wednesday,...

ADB releases $500m loan to support Pakistan’s economic reform agenda

Economic Affairs Minister Hammad Azhar on Wednesday formally announced that the Asian Development Bank has released $500 million to support Pakistan’s reforms...

CDWP approves 12 development projects worth Rs14.5bn

ISLAMABAD: The Central Development Working Party (CDWP) meeting, held under the chair of Planning Commission Deputy Chairman Dr Muhammad Jahanzeb Khan, approved 12...