IRSA recommends provinces postpone Kharif sowing amid water drought
Pakistan is facing a major water shortage of up to 35 pc and it will delay the crop sowing in the early part...
Countries scramble after Thomas Cook collapse strands travellers
The collapse of British travel operator Thomas Cook TCG.L has left hundreds of thousands of holidaymakers abroad and forced governments and insurers...
Oil prices could rise further this year, but 2024 demand to slow sharply: IEA
OPEC+ supply cuts could erode oil inventories in the rest of this year, potentially driving prices even higher, before economic headwinds limit...
NAB starts investigation to indict those responsible for shutdown of PSM
ISLAMABAD: National Accountability Bureau (NAB) has initiated an investigation to identify those responsible for the shutdown of Pakistan Steel Mills (PSM) and...
Work on 9,500 kanal Mirpur SEZ commences
MIRPUR/AJK:Â Initial work for the establishment of a world-class Special Economic Zone (SEZ) in Mirpur, approved under the China-Pakistan Economic Corridor (CPEC), has...
KP’S Local Government Department utilised 7% development funds in two months
PESHAWAR: The Khyber Pakhtunkhwa (KP) Local Government Department has utilised only 7% of the development funds allocated to it, in the past...
Forex update: Pakistan’s forex reserves stand at $16,722.8mn
LAHORE: According to a notification issued by the State Bank of Pakistan (SBP), the total liquid foreign reserves held by the country...
SBP issues fresh notes ahead of Eidul Azha across Pakistan
KARACHI: To meet the demand for currency on the occasion of Eid-ul-Azha, the State Bank of Pakistan (SBP) through its 16 field...
Market Daily: Uncertainty grips PSX as investors await monetary policy announcement
The KSE 100 touched its intraday high of 40,781.43 minutes after the session begun. It then went south to hit intraday low of 40,462.91. Failing to recover losses it settled lower by 65.97 points at 40,638.83.
Central bank raises interest rate to 10.75%
The State Bank of Pakistan (SBP) on Friday increased the policy rate by 50 basis points, raising it to 10.75 per cent.
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China’s ZTE expected to take last step to lift ban: U.S. official
ZTE, which makes smartphones and networking gear, agreed to pay a $1 billion penalty and put $400 million in escrow as part of a settlement it reached on June 7 with the Commerce Department to regain access to the U.S. market, which it needs for components.
Ittefaq Iron hides information regarding pending cases from SECP, PSX
Ittefaq Sons Ltd - that was merged into Ittefaq Iron Industry Ltd (IIIL) in 2009 - has a number of pending cases...
China considers more avenues to invest in Pakistan under BRI
BEIJING: China is considering more avenues to invest in Pakistan and other regional countries under the Belt and Road Initiative (BRI), officials...
Pakistan’s crop yield has sunk to lowest levels globally, says: PBC
KARACHI: A report released by Pakistan Business Council (PBC) revealed Pakistan’s crop yield per hectare hasn’t registered any improvements and alarmingly sunk...
Twelve-member delegation leaves for Sydney to attend 3-day FATF moot
According to the report, a total of 4,643 dubious transactions linked to money laundering and terror financing were unearthed and blocked since 2015