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Emirates introduces experiential Travel Store in Karachi
KARACHI: Emirates, the world's largest international airline, has officially launched its new Travel Store in Karachi, making it the airline's first experiential retail concept to be rolled out in West Asia. Located in the prestigious Sky Towe...
Pakistan, Bangladesh commit to strengthening bilateral ties
CAIRO: Pakistan and Bangladesh have agreed to further expand and strengthen their bilateral cooperation across various sectors of mutual interest. This understanding was reached during a meeting between Prime Minister Shehbaz Sharif and the Chief Ad...
Youth vital for economic growth, Shehbaz tells D-8 summit
CAIRO: Prime Minister Shehbaz Sharif emphasized the critical role of a country's youth in driving its economic development during his address at the 11th Summit of the Developing Eight (D-8) in Cairo on Thursday. While speaking at the summit, PM She...
FBR to launch faceless tax assessment system
KARACHI: The Federal Board of Revenue (FBR) is set to implement the Faceless Customs Assessment (FCA) system in Karachi, marking a significant step in the FBR's transformation plan approved by the prime minister. Under the new system, all import goo...
KSE-100 surpasses 116,000
KARACHI: The KSE-100 Index has reached a historic high, closing above 116,000 points, as investor optimism grows in anticipation of further interest rate cuts by the State Bank of Pakistan (SBP). This marks a significant milestone for the Pakistani...
OGDCL boosts production with revived heavy oil well in Punjab
PUNJAB: Oil and Gas Development Company Limited (OGDCL), Pakistan's largest exploration and production (E&P) company, has successfully revived a heavy oil well in the Rajian Oil Field located in Punjab. The company announced this significant dev...
Fifth Consecutive Cut: SBP slashes policy rate by 200bps to 13%
KARACHI: The State Bank of Pakistan (SBP) has announced a 200 basis points reduction in its key policy rate, lowering it to 13%. This decision marks the fifth consecutive rate cut since June 2024, when the policy rate stood at 22%. The reduction, ef...
Gold price per tola increases Rs3,100
KARACHI: On Wednesday, gold prices in Pakistan registered a notable increase, in line with the rise observed in the international market. In the local market, the price per tola reached Rs280,500, reflecting a single-day gain of Rs3,100. Similarly,...
KSE-100 settles at fresh record high
KARACHI: After a day of intense profit-taking, bullish momentum returned to the Pakistan Stock Exchange (PSX) on Wednesday, with the benchmark KSE-100 Index gaining over 1,900 points to reach a new all-time high of 110,810. The index saw an intra-da...
FPCCI launches Pakistan-EU Forum to boost bilateral trade, investment
Karachi: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), announced the establishment of the Pakistan-EU Forum. This initiative aims to enhance economic and trade relations between Pakistan and EU...
