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Pakistan, Turkiye sign joint bidding agreement for offshore oil exploration
ISLAMABAD: In a significant step towards enhancing bilateral cooperation in the oil and gas sector, Pakistan and Turkiye have signed a joint bidding agreement to jointly participate in an offshore bid round in Pakistan. The agreement was signed on th...
Alvarez & Marsal delegation calls on FinMin Aurangzeb
ISLAMABAD: In a significant move towards enhancing Pakistan's economic future, Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, hosted a high-level delegation from global professional services firm Alvarez & Marsal at the Fin...
Rupee falls further against USD
KARACHI: The Pakistani rupee experienced a slight depreciation of 0.06% against the US dollar in the inter-bank market on Tuesday, closing at 280.73, down by Re0.16 from the previous session's closing of 280.57. Internationally, the US dollar struggl...
KSE-100 settles with over 600 points
KARACHI: The Pakistan Stock Exchange (PSX) staged a strong recovery on Tuesday, with the benchmark KSE-100 Index gaining over 600 points after a sharp decline in the previous session. The index had lost nearly 3,900 points in Monday's trading, marki...
FinMin meets ECO Secretary General to strengthen regional cooperation
ISLAMABAD: In a significant move to enhance regional integration and economic collaboration, Finance Minister Muhammad Aurangzeb held an important meeting with Dr. Asad Majeed, the Secretary General of the Economic Cooperation Organisation (ECO), at...
Ahsan Iqbal leads key meeting to revamp EFS
ISLAMABAD: The third meeting of the Prime Minister's Committee on Export Facilitation was held today under the leadership of Ahsan Iqbal, Federal Minister for Planning and Special Initiatives, and Jam Kamal Khan, Federal Minister for Commerce. This...
KSE-100 settles down 3,900 points
KARACHI: The Pakistan Stock Exchange (PSX) experienced a dramatic plunge on Monday, with the benchmark KSE-100 Index dropping nearly 8,700 points, marking the largest-ever intraday decline in terms of points. The index fell to an intra-day low of 11...
PM Shehbaz optimistic that oil price relief will boost economy
ISLAMABAD: Prime Minister Shehbaz Sharif, in a meeting on Monday, emphasized the government's efforts to capitalize on the recent decline in international oil prices, ensuring that it benefits both the economy and the general public. He announced tha...
Inflation drops to 59-year low at 0.7% March
KARACHI: Pakistan's headline inflation stood at 0.7% on a year-on-year basis in March 2025, marking a significant decline compared to February 2025 when it was recorded at 1.5%. According to data released by the Pakistan Bureau of Statistics (PBS),...
IMF visit to shape Pakistan's 2025-26 budget starts Friday
ISLAMABAD: An International Monetary Fund (IMF) team will begin its visit to Pakistan on Friday to assist in the preparation of the federal budget for the fiscal year 2025-26. Sources reveal that the IMF delegation will engage in talks with Pakistani...
