KARACHI: Fitch Ratings has downgraded Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to “CCC-” from “CCC+”, statement from agency said. Downgrade reflects further sharp deterioration in external liqu...
Karachi: Singapore Airlines (SIA), flag carrier of Republic of Singapore appointed Gerry’s International as its General Sales Agent (GSA) in Pakistan. Announcement was made at an event held here attended by industry professionals, representativ...
Karachi: Dreamworld Resort in collaboration with Destination Projects Pvt. Ltd, Pakistan Britain Business Council (PBBC) and Islamic Chamber of Commerce, Industry and Agriculture (ICCIA) organised business networking event. It will engage business co...
Karachi: Remittances sent home by overseas Pakistani workers fell to over two-year-low as dollar cap imposed to stabilise rupee against dollar by government earlier. It prompted illegal transfers through hundi, hawala and other channels. Data release...
KARACHI: Refineries warned of looming petrol crisis by mid-February if government fails to resolve payments issues of imported raw materials and additives needed by sector. Delay in payments of raw materials and additives as well as dollar shortage h...
KARACHI: flynas Saudi air carrier and leading low-cost airline in Middle East announced that its passengers can apply for an electronic Stopover Visa through its website. ‘Stopover Visa’ is issued after purchasing airline ticket and valid...
Karachi: Negative sentiments prevailed at Pakistan Stock Exchange (PSX), as benchmark KSE-100 Index fell over 700 points as Pakistan and International Monetary Fund failed to reach staff level agreement for next tranche of loan. By the end of day, KS...
Karachi: Deteriorating economic conditions in country continued to bite industries, with several companies announcing they would be halting operations. Khalid Siraj Textile Mills Limited announced that its management has decided to shut mill operatio...
Karachi: Rupee registered gains against dollar appreciating 0.46 percent in inter-bank market during trading even as expectations that deal would be finalised with IMF to revive its bailout programme fell flat. As per State Bank of Pakistan currency...
Karachi: Mastercard announced that it is partnering with Network International, leading enabler of digital commerce across Middle East and Africa to address fraud, declines and chargebacks in order to reduce costs and risk for acquirers. Through part...
ISLAMABAD: Prime Minister Shehbaz Sharif yesterday directed that the ongoing privatisation process of Pakistan International Airlines (PIA) be broadcast live on television and digital platforms, ensuring transparency throughout the proceedings. Chair...
PESHAWAR: The National Institute of Health (NIH) has confirmed a new case of polio in Bannu, Khyber Pakhtunkhwa the third from the province this year and the eighth reported across Pakistan as this year's second inoculation drive is in full swing. Th...
BANNU: At least six terrorists were killed while four others were injured during an intelligence-based operation (IBO) carried out by security forces in Khyber Pakhtunkhwa's Bannu District, the military's media wing said yesterday. According to a sta...
KARACHI: US Charge d Affaires Natalie Baker, during her visit to Karachi, reaffirmed Washington's commitment to expanding trade and investment ties with Pakistan, highlighting the importance of private sector leadership and economic cooperation for s...
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