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Pakistan, Turkiye agree to further increase trade volume
ISLAMABAD: In a significant move to strengthen bilateral ties, Pakistan and Turkiye have agreed to enhance their trade volume and investment cooperation. This understanding was reached during the seventh session of Pakistan-Türkiye Bilate...
Finance Ministry forecasts boost in economic growth, reduction in inflation
ISLAMABAD: Finance Ministry has projected that fiscal deficit could soar to Rs 9.655 trillion in upcoming fiscal year, while it has projected boost in economic growth and significant reduction in inflation. According to Ministry's medium-term...
PCMEA, NCA join hands to promote carpet industry
LAHORE: Pakistan Carpet Manufacturers and Exporters Association (PCMEA) has partnered with National College of Arts (NCA) to promote country's carpet industry through an international exhibition scheduled to be held in October this year. PCMEA Senior...
KSE-100 sheds 589pts amid selling pressure
KARACHI: Pakistan Stock Exchange (PSX) experienced widespread selling pressure, resulting in significant decline in benchmark KSE-100 Index that closed day lower by 589 points. KSE-100 started session with some positivity, hitting an intra-day high o...
Ministry of CAA set to probe corruption in appointments, projects
LAHORE: Ministry of Civil Aviation is all set to investigate officers involved in corruption in major projects of aviation. Probe in direct recruitment in Civil Aviation Authority (CAA) will also be undertaken. It has been revealed that merit is igno...
Rupee registers marginal decline against dollar
Rupee registered marginal decline, depreciating 0.03 percent against dollar in interbank market. At close, domestic unit settled at 278.64, loss of 0.09 paisa against greenback.In open marker, unit changed hands by increase of Rs 1 for selling and Rs...
Power price jacked up 14 times within 12 months
ISLAMABAD: Electricity price jacked up for 14 times in last 12 months, increasing major burden on Pakistani citizens. As per details, total of 14 adjustments made from July 2023 to August 2024, resulting in an additional cost of over Rs 455 bil...
Gold price declines further
KARACHI: Gold price continued to decline further, reflecting downward trend in international market. According to All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), price of gold per tola decreased by another Rs 500, bringing new rate to R...
Govt to cut returns to bring down power tariffs
ISLAMABAD: With growing unease over unaffordable energy tariffs, government is working on reducing return on equity (ROE) for its plants and offering improved prices to attract additional investments in hydrocarbon exploration and development.&...
KSE-100 gains 107pts on recovery in global markets
KARACHI: KSE-100 closed day with modest gain of 107 points, taking cue from recovery in global stock markets. KSE-100 started session with positive momentum that helped index reach an intra-day high of 77,746.56, followed by some profit-taking that t...
