Expensive IPP contracts rejected by business community

LAHORE: Former Interim Federal Minister Dr. Gohar Ejaz, former Interim Provincial Minister S.M. Tanveer, and other FPCCI leaders addressed a joint press...

Federal cabinet increases reward for recoveries from electricity thieves and defaulters from 5% to 30%

ISLAMABAD: In a significant move to combat electricity theft and recover dues from defaulters, the Federal Cabinet has enhanced the reward money...

Pakistan records lowest current account deficit in 13 years at 0.2% GDP for FY24

Pakistan's economic landscape for the fiscal year 2024 (FY24) has seen significant developments, with the country reporting its lowest Current Account Deficit...

Pakistan’s IT exports surge by 24% to reach US$3.2 billion in FY24

In a significant economic development, Pakistan's Information Technology (IT) exports have soared to US$3.2 billion in the fiscal year 2024, marking a...

India’s foreign exchange reserves hit record high

MUMBAI: India’s foreign exchange reserves rose for a second straight week and hit a record high of $666.85 billion as of July...

Pakistan is looking for external financing avenues: Aurangzeb

ISLAMABAD: Pakistan will focus on meeting its external financing needs by speaking with foreign governments and lenders to draw foreign investment as...

Pakistan advances SDGs amid triple crises

UNITED NATIONS: Despite grappling with the triple crises of food, fuel, and finance, Pakistan has made progress in implementing the Sustainable Development...

Senate body vows to address business issues

KARACHI: The Senate Standing Committee on Commerce has assured representatives of the Karachi Chamber of Commerce and Industry (KCCI) that issues of...

Massive tech outage affects air traffic, communications worldwide

Companies worldwide experienced interruptions amidst an outage of Microsoft’s cloud computing suites on Friday, with flights being grounded, news outlets unable to...

DG Khan Cement to establish wholly-owned subsidiary in the USA

DG CEMENT USA LLC is subject to all applicable regulatory approvals under the laws of both Pakistan and the United States

Fauji Fertilizer Bin Qasim board approves merger evaluation with Fauji Fertilizer 

Proposed Amalgamation is expected to unlock certain synergies which are likely to add value to the combined enterprise

Govt to seek UAE’s $1.3 billion investment in Parco refinery upgrade

CCOE plans to consult UAE for hydrocracker unit installation and extend refinery upgrade deadlines.

Digital transactions account for 83% of total retail payments in Pakistan: SBP

Banks and EMIs processed 844 million retail payments amounting to PKR 128,470 billion during the quarter

Bears return to trading floor as PSX plunges over 1,700 points

Analysts attribute selling pressure to recent political developments 

Pakistan’s big industry shows 7.33% YoY growth in May 2024

Overall LSMI sector posts a growth of 0.99% during July- May 2023-24