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KSE-100 closes to 714pts on oil, gas, cement scrips
Karachi: Pakistan Stock Exchange (PSX) witnessed bullish session as its benchmark KSE-100 closed nearly 1 percent higher amid hope of cut in policy rate. KSE-100 started week’s first session on strong buying spree that led index beyond 74,000...
Minister reiterates commitment to policy of business facilitation, export diversification
KARACHI: Commerce Minister Jam Kamal Khan reiterating government’s commitment to policy of facilitating trade and industry and export diversification, said that measures were being devised to promote local as well as export-oriented industries....
Dar invites Gezhouba Group to expand operation under CPEC phase-II
ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar invited Chinese Gezhouba Group to expand its operation in Pakistan under second phase of China Pakistan Economic Corridor. “Under phase-II of CPEC, Pakistan offers generous incent...
SLM Tyres commits investment of around $108m to double capacity
Karachi: Service Long March (SLM) Tyres, Chinese-Pakistani joint venture intends to invest an additional Rs 30 billion (108 million dollar) in Pakistan to expand its operations in country. Development was shared by SLM’s parent company Service...
Pakistan keen to learn from Korean expertise in IT: PM
ISLAMABAD: Prime Minister Shehbaz Sharif said that Pakistan was keen to learn from Korea’s experience of industrialization and SME sector growth as well as in field of IT including artificial intelligence. Talking to Ambassador of Republic of K...
Kakar denies allegations in wheat import scandal
KARACHI: Former caretaker prime minister (PM) and incumbent Senator, Anwarul Haq Kakar downplayed the wheat import scandal as a ‘storm in a teacup’. “As time passes, people understand that there is neither a wheat crisis nor is this...
IMF delegation set to initiate bailout discussions with Pakistan next week
ISLAMABAD: The International Monetary Fund (IMF) mission will begin bailout talks with Pakistan next week. In a statement, Esther Perez Ruiz, the representative of the International Monetary Fund (IMF), said that an IMF mission led by Nathan Porter w...
Majority stake in PIA: not yet bidders, clarifies Arif Habib Corp
Karachi: Arif Habib Corporation Limited clarified that submitting an expression of interest as well as Statement of Qualification (SOQ) for purchase of majority stake in Pakistan International Airlines (PIA) does not imply that it has become bi...
Gold price per tola unchanged
KARACHI: After witnessing back-to-back decline, gold prices remained unchanged. In local market, gold price per tola stood at Rs 239,200. Ten gram gold was sold at Rs 205,075, according to rates shared by All Pakistan Gems and Jewellers Sarafa Associ...
PSO proposes swapping debt for stake in public sector companies
KARACHI: Pakistan State Oil (PSO), said it is in talks with government on plan to acquire stakes in public sector energy companies and offset mounting debt it is owed by firms such as national airline. Stopping pile-up of unresolved debt acros...
