Pakistan’s GDP growth to recover slightly in FY23: ADB
The Asian Development Bank has projected that the Gross Domestic Product (GDP) growth in Pakistan was expected to moderate in FY2022 (ended 30...
NEPRA reserves decision on Rs7.91/unit hike in power price
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) on Wednesday reserved its judgement on a hearing over the approval of a Rs7.91...
PM convenes emergency meeting over economic situation
ISLAMABAD: Prime Minister Shehbaz Sharif has called an emergency meeting on the economic situation of the country, the PM Office said on...
Banks quoting upwards of Rs241 to retire LCs of oil imports from June
Karachi: Profit has been able to confirm that Letters of Credit (LCs) for oil shipments that landed in May and June are...
Miftah, ulema discuss implementation of Shariah in banking system
ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail held a meeting with renowned Islamic scholars Mufti Muhammad Taqi Usmani, Dr. Hussian...
Fitch Ratings downgrades Pakistan’s outlook to negative
Fitch Ratings has revised Pakistan’s Outlook to Negative from Stable while affirming its Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at 'B-'.
According...
PSX meltdown, KSE-100 sheds over 900 points
Karachi: Intense selling pressure was witnessed at the Pakistan Stock Exchange (PSX) on Tuesday as the benchmark KSE-100 index lost more than...
IMF agreement ‘credit positive’ for Pakistan: Moody’s
Moody’s Investors Service has said that the International Monetary Fund's (IMF) staff level agreement with Pakistan will ease pressure on the country's...
IMF demands assurance for implementation of reforms agenda
ISLAMABAD: The International Monetary Fund (IMF) on Monday appeared to be concerned over the political development in Pakistan, asking for assurance of...
Copper, gold production from Reko Diq likely to start in 2027-28
ISLAMABAD: The first batch of copper and gold production from the Reko Diq project is expected to start in 2027-28 for which...
Govt all set to introduce policy on solar panels, equipment manufacturing
ISLAMABAD: The Engineering Development Board (EDB) is all set to submit its policy document on solar panels and allied equipment manufacturing to...
President rejects FBR’s review petition in Pak Suzuki Motor refund case
LAHORE: The President of Pakistan, Dr Arif Alvi has stood with his original decision in the Pakistan Suzuki Motor Company (PSMC) sales...
PSX loses stocks significantly as weekend arrives
ISLAMABAD: The KSE 100-index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Friday, losing 274 points, a negative change of...
Petroleum dealers announce nationwide strike on Monday
KARACHI: The Petroleum Dealers Association of Pakistan (PDAP) has
announced a nationwide strike on Monday, demanding a rise in dealer's margin.
According to the...
Govt slashes POL prices by up to Rs40.54 per litreÂ
ISLAMABAD: The federal government has slashed petroleum prices by up to Rs40.54 per litre.
The decision was announced by Prime Minister Shehbaz Sharif...