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 litre
ISLAMABAD: The federal government has slashed petroleum prices by up to Rs40.54 per litre.
The decision was announced by Prime Minister Shehbaz Sharif...
“Default” risk recedes as IMF announces staff level agreement with Pakistan
KARACHI: A much-awaited staff level agreement was announced by the IMF on July 13, however, the statement carried dour warnings of significant...
POL prices may witness massive cuts from July 16
ISLAMABAD: Owing to a significant fall in oil prices in the global oil market, the government is likely to decrease the prices...
SBP extends online portal to EMIs, PSOs and PSPs
KARACHI: In order to promote digitalization and encourage eco-friendly practices, the State Bank of Pakistan (SBP) has developed online portal called SBP...
ECC allows one-time special release of ‘luxury’ goods stuck at ports
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Tuesday granted a one-time special permission for the release of consignments stuck...
LESCO bills Rs200mn to consumers below 100 units per month
Punjab Chief Minister Hamza Shahbaz on Monday announced free electricity for consumers using 100 units of electricity in Punjab and he had...
Govt likely to authorise OMCs to set prices of POL products
ISLAMABAD: The government is likely to authorise oil marketing companies (OMCs) to set future oil prices, a move that is expected to...