S&P Global cuts China 2023 growth forecast to 5.2% from 5.5%

S&P Global said it has cut its 2023 GDP growth forecast for China after May data showed a post-COVID recovery was faltering...

Oil climbs, rouble falls as markets take mutiny in stride

Oil was slightly higher on Monday and the rouble lower as an abortive weekend mutiny by Russian mercenaries raised questions about Russian...

Pakistan takes steps to finalize agreement with UAE over KPT

Pakistan has established a negotiation committee to finalize an agreement with the United Arab Emirates (UAE) regarding the transfer of its Karachi...

India’s Modi seeks African Union’s full membership in G20

Indian Prime Minister Narendra Modi has written to the leaders of the G20 nations proposing the African Union be given full, permanent...

Massive closure, job losses loom as APTMA demands competitive energy tariff 

APTMA Chairman warned that withdrawing the RCET would lead to a loss of $10bn in exports annually

Signs of de-dollarisation emerge, but dollar top currency: JPMorgan

There are some signs of de-dollarisation emerging right now, but the dollar should retain its "large footprint" for the foreseeable future, JPMorgan...

‘Digital Pakistan’ in a coma: What is the cost of the broadband shut down?

The three days of internet outage have affected gig-workers, freelancers, PoS machines, and telco operators alike. 

Gold shines bright with biggest single-day increase

Gold prices in Pakistan surged to record highs on Wednesday as a result of political instability and economic uncertainty. The All Pakistan Sarafa...

Pakistan, EU reiterate resolve to enhance cooperation on GSP Plus status

ISLAMABAD: Pakistan and the European Union (EU) on Monday reiterated their determination to enhance cooperation in various fields, including the Genera­lised System...

Descon registers new fully-owned subsidiary in Sharjah

KARACHI: In a letter dated 2 May 2023, company secretary of Descon Oxychem Limited Abdul Sohail informed the Pakistan Stock Exchange (PSX)...

Headline inflation in April at record high, hits a distressing 36.4%

Pakistan’s inflation outpaces Sri Lanka as Asia’s fastest

Govt fixes sugar price at Rs99 per kg

LAHORE: As per the recommendation of the Sugar Advisory Board (SAB), the Ministry of Food Security and Research (MNFS&R) has set the...

Apple is expanding its footprint in India. What can Pakistan learn?

Apple opens its first ever store in India this week. What does this mean for Indian Apple customers?

Local pet food: A rising industry

ISLAMABAD: According to a Pakistan Stock Exchange (PSX) notification issued on April 18, the Organic Meat Company Limited (TOMCL) has successfully secured...

WTO panel rules against India in IT tariffs dispute with EU, others

GENEVA: A World Trade Organisation panel said on Monday that India had violated global trading rules in a dispute with the European...