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Pakistan poised to serve as economic corridor for global economies: Envoy
WASHINGTON: Outlining vast opportunities in Pakistan, Ambassador to United States Rizwan Saeed Sheikh said Islamabad was poised to serve as economic corridor for global economies. Ambassador made these remarks during his meetings with Texas leadersh...
Rupee closes flat in value against dollar
KARACHI: Rupee remained largely stable against dollar, depreciating 0.01 percent in interbank market. At close, domestic unit settled at 277.66, loss of 0.02 paisa against greenback. In interbank market rate for dollar for bid was to Rs 277.66 and f...
‘Saudi food chain AlBaik coming to Pakistan’
Jeddah: AlBaik Food System Company-popular Saudi food chain is expected to make its debut in Pakistan as memorandum of understanding has been signed between company and Gas and Oil Pakistan Ltd (Go) under Saudi Ministry of Investment. Jeddah-based fo...
KSE-100 sheds 222pts on late-session selling
Karachi: Pakistan Stock Exchange’s benchmark KSE-100 Index opened on higher note on Monday, adding more than 600 points during intra-day trading before late-session selling erased gains and pushed index into negative territory. At close, benchm...
Pakistan, China sign MoUs in various sectors
ISLAMABAD:Pakistan and China signed several Memoranda of Understanding (MoUs) in various sectors during Chinese Premier Li Qiang’s visit, where he was welcomed by Prime Minister Shehbaz Sharif. According to reports, Premier Li Qiang arrived at...
Gold price inches up
KARACHI: After experiencing decline in first two days of week, gold price saw an increase on Wednesday, rising by Rs 600 per tola. According to All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), price of 24-carat gold reached Rs 275,500 pe...
KSE-100 closes marginally higher to 62pts
KARACHI: Pakistan Stock Exchange witnessed mixed trading on Wednesday, as benchmark KSE-100 Index swayed in both directions before closing day marginally higher by 162 points. KSE-100 started day with negative momentum, hitting an intra-day low...
‘Pakistan Economy Dashboard’ unveiled to enhance transparency
ISLAMABAD: In a significant move aimed at bolstering economic governance and transparency, the Minister for Finance and Revenue, Senator Muhammad Aurangzeb, announced the launch of the Pakistan Economy Dashboard (PED) in Islamabad. This initiative pr...
FPCCI demands urgent MPC meeting, advocates for single-digit interest rates
KARACHI: FPCCI has unequivocally demanded key policy rate should be cut down to 9 percent to reflect ground realities and economic indicators of Pakistan as CPI has clocked at 6.9 percent in September 2024-which is 44-month low. There will still be...
Inflation clocks in at 6.9pc in Sept 2024
From Our Correspondent Karachi: Countr’y headline inflation clocked in at 6.9 percent on year-on-year basis in September 2024, lower than reading in August 2024 when it stood at 9.6 percent, showed Pakistan Bureau of Statistics (PBS) data on Tu...
