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IMF-backed reform agenda to accelerate Pakistan's economic growth in FY25: ADB
KARACHI: Reform agenda agreed under International Monetary Fund (IMF) 37-month Extended Fund Facility (EFF) is likely to accelerate growth in Pakistan, said Asian Development Bank (ADB). As per Asian Development Outlook report for September, growth...
Emirates commits support to Asia Rugby to broaden reach and appeal of sport in 36 countries
KARACHI: Emirates has announced a new multi-year partnership as the Title Sponsor of Asia Rugby, furthering its commitment to growing the sport in untapped markets across Asia. The partnership will enable Asia Rugby to stage various 7s and 15s tourna...
KSE-100 closes 367 points lower
KARACHI: Selling pressure was seen at Pakistan Stock Exchange (PSX) on Tuesday, as benchmark KSE-100 Index closed lower by 367 points. KSE-100 started session positive, hitting an intra-day high of 82,010.10. However, selling pressure dominated...
FinMin sees foreign investors' morale high
LAHORE: Finance Minister Muhammad Aurangzeb asserted that morale of foreign investors was getting high. Addressing seminar via video link here, Aurangzeb said: "Foreign investment in country is witnessing an increase. Policy rate is getting decrea...
'Developing states' enhanced representation in int'l financial institutions vital'
UNITED NATIONS: Pakistan has called for ensuring global economic equity by improving representation of developing countries in international financial institutions. Speaking at Summit of Future on its second and concluding day, Defence Minister Khawa...
KSE-100 loses 224pts on profit taking in oil, gas scrips
KARACHI: Pakistan Stock Exchange's benchmark KSE-100 Index witnessed some profit-taking on Monday and closed day below 82,000 after losing 224 points. KSE-100 Index started session with some buying, hitting an 82,463.05. However, profit-taking in lat...
Sindh govt decides to digitise all departments
KARACHI; In move aimed at modernising provincial administration, Sindh Chief Minister Murad Ali Shah has directed all departments to transition to digital system. Decision was made during session on e-governance, which CM chaired recently. IT secreta...
Mini-budget worth Rs1tri on cards
ISLAMABAD: Following reports of Rs 150 billion shortfall in tax collection by Federal Board of Revenue (FBR) proposal to bring mini-budget of one trillion is on cards. Federal Board of Revenue confirmed that there will be no extension to September 30...
KSE-100 gains 998pts
KARACHI: Pakistan Stock Exchange (PSX) benchmark KSE-100 Index touched record high of 82,000 during intra-day trading.KSE-100 started with strong buying spree that continued for most part of day, though late-session buying trimmed some gains. At clo...
Gold rate registers increase
ISLAMABAD: Per tola price of 24 karat gold increased by Rs 800 and was sold at Rs 268,500 on Thursday compared to its sale at Rs 267,700 on last trading day. Price of 10 grams of 24 karat gold also increased by Rs 685 to Rs 230,195 per ten gram from...
