Stocks end flat amid dull, directionless trade
KARACHI: After cumulatively adding around 600 points in the first two days of the week, the Pakistan Stock Exchange (PSX) moved within...
Govt prioritises privatisation of two RLNG-based power plants
ISLAMABAD: A meeting of the Privatization Commission was held on Wednesday to discuss the privatisation status of entities included in the government's...
Cabinet body mulls ways to reform bad-performing SOEs
Finance ministry attributes the poor performance of state entities to 'lack of technical expertise and specialised skills, excessive interference, and over-regulation by multiple govt agencies'
Will foreign inflows bring stability to the rupee?
KARACHI/LAHORE: After a week of downward pressure on the currency, the Pakistani rupee appreciated 29 paisas against the United States (US) dollar...
Govt exempts taxes on import of remdesivir
The government has exempted the taxes and duties on the import of remdesivir — a drug that has shown “clear-cut” improvement in...
Pakistan seeks Saudi investment in tourism sector
ISLAMABAD: Special Assistant to the Prime Minister (PM) for Overseas Pakistanis Syed Zulfikar Bukhari, on Tuesday, urged the Saudi Minister for Tourism...
Housing finance among top priorities of SBP: Dr Reza Baqir
SBP governor chairs first meeting of Steering Committee on Housing and Construction Finance
Trade with Afghanistan remains slow despite border opening
PESHAWAR: Despite the opening of the Pakistan-Afghanistan border for trade, on Tuesday, only 150 export vehicles entered Afghanistan from Pakistan while only...
Stocks extend rally with 314-point gain
KARACHI: Bullish trend continued at the Pakistan Stock Exchange (PSX) on Tuesday, as the indices kept accumulating gains throughout the day despite...
Asset management companies given till July 24 to fulfil regulatory requirements
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has extended the timeline for Asset Management Companies (AMCs) to meet investor's suitability...
Economists point out myths and facts about Pakistan’s defence budget
--Govt to spend 17.7pc on defence-related activities in FY21
--Army to get 47.6pc of the total defence budget of Rs1.28tr
--Pakistan's military expenditures...
Sindh govt delaying work on K-IV water project: Asad Umar
'Greater Karachi Water Supply Project has been experiencing delays for quite some time due to design-related issues'
‘FY21 budget doesn’t take into account changing economic priorities’
FPCCI president appreciates relief given to some sectors, but urges timely steps to save the economy amid Covid-19
ECC allows private sector to import wheat
--Committee says wheat situation will be monitored on a monthly basis so as to ensure its availability at reasonable prices
--Approves 45 acres...
Stocks rebound with 298-point rally
Recovery was led by fertiliser, oil & gas exploration and power generation & distribution sectors