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Pak, Korea initiates negotiations for economic partnership agreement
SEOUL: In a significant step toward enhancing economic collaboration, Pakistan's Federal Minister for Commerce, Jam Kamal Khan, and the Republic of Korea's Minister for Trade, Inkyo Cheong, have officially launched negotiations for an Economic Partne...
FBR implements human monitoring for Afghan cargo
ISLAMABAD: The Federal Board of Revenue (FBR) has temporarily halted the satellite tracking of containers carrying imported goods to Afghanistan and shifted to human surveillance, a move that could increase the risk of smuggling. This shift follows t...
PKR records marginal improvement against US dollar
KARACHI: The Pakistani rupee saw a slight improvement against the US dollar on Thursday, appreciating by 0.04% in the inter-bank market. At the close of trading, the rupee settled at 278.61, gaining Rs. 0.11 from the previous day's rate of 278.72, ac...
SBP governor predicts further slowdown in inflation pace for January
KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad has forecasted that inflation will continue to decelerate in January, although some fluctuations are expected over the next four to five months. Speaking at an event hosted by the Federation...
Gwadar Port: Minister seeks cost-effective trade marketing strategies
ISLAMABAD: Planning Minister Ahsan Iqbal directed the preparation of marketing templates and packages aimed at showcasing the cost-effective trade routes and potential incentives for international businesses using Gwadar Port. This instruction came...
Nepra slashes power tariff by 75 paisa
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has reduced electricity tariffs by up to 75 paisa per unit for consumers of ex-Wapda power distribution companies (DISCOs) and K-Electric, based on the fuel charges adjustment (FCA)...
IMF rejects govt's proposal to cut sales tax on electricity
ISLAMABAD: The government's hopes of reducing electricity tariffs received a setback when the International Monetary Fund (IMF) rejected a proposal to cut sales tax on electricity bills. The Ministry of Energy had suggested a reduction in sales tax...
KSE-100 closes over 1,900 points
KARACHI: The Pakistan Stock Exchange's (PSX) benchmark KSE-100 Index closed lower by more than 1,900 points after profit-taking in the final hours wiped out nearly 1,700 points the index had gained during intra-day trading on Wednesday. The KSE-100...
Finance Minister questions green bond mechanism
ISLAMABAD: Finance Minister Muhammad Aurangzeb has expressed concerns about the mechanism surrounding the Water and Power Development Authority's (Wapda) green bond, specifically regarding its inability to address the government's potential liabiliti...
Late buying helps KSE 100 index cut losses
KARACHI: The Pakistan Stock Exchange (PSX) experienced another turbulent session on Tuesday, with the KSE-100 Index seeing significant fluctuations before closing down by 202 points. The market started on a positive note, reaching an intra-day high o...
