Business

Alibaba.com hosts first Faisalabad seller summit at FCCI

Faisalabad: Alibaba.com a global platform for B2B e-commerce organised 1st Faisalabad seller summit in collaboration with Faisalabad Chamber of Commerce and Industry (FCCI). Event focused on huge potential of Faisalabad exporters to tap into digital...

Iran can fulfill Pakistan’s gas and energy needs: Miftah

TEHRAN: Minister for Finance Miftah Ismail said that Pakistan is in dire need of gas and energy that can be easily fulfilled by Iran. In an exclusive interview with an Iranian news agency on eve of Joint Economic Commission (JEC) meeting here, he sai...

Coca-Cola, McDonald’s left Russia

MOSCOW: Western companies with iconic brands like Coca-Cola that exit Russia face years of battling knockoffs and unauthorised imports clamoring to fill void they leave behind, a risky bid as courts show little sympathy for firms that depart. Compani...

Pakistan sends back letter of intent to IMF, paving way for board meeting

ISLAMABAD: Finance Minister Miftah Ismail confirmed that government has sent letter of intent (LoI) back to International Monetary Fund (IMF) after fulfilling pre-requisites, paving way for executive board’s meeting. In his conversation with jo...

Pak Suzuki cuts car prices by up to Rs199,000

ISLAMABAD: Owing to sharp recovery in rupee against dollar, Pak Suzuki Motor Company (PSMC) decreased prices of its cars in range of Rs 75,000-199,000. New prices will be applicable from August 16, 2022. Firm slashed prices of its vehicles after Indu...

Miftah hopeful over IMF board meeting on Aug 29

Islamabad: Minister for Finance and Revenue Miftah Ismail said that he was hopeful International Monetary Fund (IMF) executive board would meet on August 29, after which process to disburse funds to Pakistan will start. “There were minor edits...

Grievances of business community to be resolved soon: Ahsan Iqbal

ISLAMABAD: Minister for Planning Development and Reforms Ahsan Iqbal assured business community to address all hurdles in export promotion and investment development within 15 days to facilitate them for enhancing local exports while attracting forei...

FPCCI rubbishes claims private sector not consulted on Pak-Turkiye PTA

Karachi: Irfan Iqbal Sheikh President FPCCI categorically rubbished claims of news articles that private-sector of Pakistan was not consulted on recently signed and well-anticipated Preferential Trade Agreement (PTA) between Pakistan-Turkiye Trade in...

SBP allows exchange firms to export foreign currencies other than dollar

KARACHI: State Bank of Pakistan (SBP) allowed all exchange companies to export foreign currencies other than dollar and bring in greenback in their foreign currency accounts maintained with banks in Pakistan. In a statement issued in this regard, ce...

KSA to extend $3bn safe deposit to assist Pakistan

ISLAMABAD: Saudi Arabia has decided to extend period of its $ 3 billion safe deposit in assistance to Pakistan. According to sources in finance ministry, Kingdom of Saudi Arabia will extend its $ 3 billion safe deposit for one more year adding that...

NC Big Stories

Pakistan will respond with full force to any Indian misadventure

ISLAMABAD: Prime Minister (PM) Shehbaz Sharif yesterday held a telephone conversation with the United Nations (UN) Secretary General Antonio Guterres and discussed recent developments in South Asia. "During the telephone call, the prime minister affi...

Security Forces kill at least three terrorists in Turbat IBO

TURBAT: At least three terrorists were killed during an intelligence-based operation (IBO) by security forces in the Turbat area of Balochistan, the military's media affairs wing said yesterday. According to the Inter-Services Public Relations (ISPR)...

Indian Army in 'crisis, chaos' as northern command chief dismissed

KARACHI: The Indian Army is facing a deep internal crisis following the controversial Pahalgam incident, which has been labelled a "failed false flag operation" by insiders. In what appears to be a panicked move, the Modi government has dismissed the...

Pakistan set to become next major tech destination: PM

ISLAMABAD: Prime Minister Shehbaz Sharif yesterday reaffirmed Pakistan's commitment to becoming the next major tech destination in light of $700 million pledged in foreign investment in the IT sector at the Digital Foreign Direct Investment (DFDI) co...
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