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Pakistan Railways to collaborate with Chinese firm
LAHORE: A major step forward in Pakistan's railway freight transportation has been achieved with the assembly of 115 flat wagons in Complete Knocked Down (CKD) form at a factory in Lahore. These wagons, which are set to be deployed in April, are part...
Turkey-Pakistan strengthen business ties with focus on investment
ISLAMABAD: The Chairperson of Pegasus Airlines and the business organization Hitit, Ms. Nur Gokman, met with Abdul Aleem Khan, the Federal Minister for Board of Investment, Privatization, and Communications, to discuss enhancing business-to-business...
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...
