KSE-100 drops 308 points
KARACHI: The Pakistan Stock Exchange (PSX) faced selling pressure on Wednesday, with the benchmark KSE-100 Index closing lower by 308 points, ending a three-session positive streak. The index started the day on a positive note, reaching an intra-day...
WB's $20bn pledge reflects confidence in Pakistan: PM
ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday expressed his appreciation for the World Bank's historic pledge of $20 billion to Pakistan, announced under its first-ever 10-year Country Partnership Framework (CPF). The Prime Minister describe...
WB proposes debt management reform
ISLAMABAD: The World Bank has recommended the creation of a permanent Debt and Risk Management Committee (DRMC) in Pakistan to manage escalating fiscal risks and improve the fragmented approach to debt management. The proposed committee would be dir...
SBP reaffirms commitment to enhancing financial inclusion
KARACHI: The Governor of the State Bank of Pakistan (SBP), Jameel Ahmad, reiterated the central bank's commitment to boosting financial inclusion in the country through enhanced collaborations with both international and domestic stakeholders. These...
Aurangzeb, Lee discusses strengthening Pakistan-Hong Kong economic ties
ISLAMABAD: Finance Minister Muhammad Aurangzeb emphasized the importance of strengthening economic and diplomatic ties between Pakistan and Hong Kong during his meeting with John K C Lee, Chief Executive of the Hong Kong Special Administrative Region...
Business community calls for unity to stabilize economy
ISLAMABAD: The United Business Group (UBG) of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has emphasized the need for cooperation and unity within Pakistan's business community, highlighting these factors as crucial for stabi...
SBP releases advance calendar for monetary policy meetings (Jan-Jul 2025)
ISLAMABAD: The State Bank of Pakistan (SBP) has released the advance calendar for its Monetary Policy Committee (MPC) meetings scheduled for the first half of 2025. The central bank plans to hold four MPC meetings from January to June. The first meet...
Pakistan Railways to collaborate with Chinese firm
LAHORE: A major step forward in Pakistan's railway freight transportation has been achieved with the assembly of 115 flat wagons in Complete Knocked Down (CKD) form at a factory in Lahore. These wagons, which are set to be deployed in April, are part...
Turkey-Pakistan strengthen business ties with focus on investment
ISLAMABAD: The Chairperson of Pegasus Airlines and the business organization Hitit, Ms. Nur Gokman, met with Abdul Aleem Khan, the Federal Minister for Board of Investment, Privatization, and Communications, to discuss enhancing business-to-business...
Pak, Korea initiates negotiations for economic partnership agreement
SEOUL: In a significant step toward enhancing economic collaboration, Pakistan's Federal Minister for Commerce, Jam Kamal Khan, and the Republic of Korea's Minister for Trade, Inkyo Cheong, have officially launched negotiations for an Economic Partne...
