PM Shehbaz welcomes int’l investors delegation to Pakistan
ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif hosted an international investors' delegation, led by prominent U.S. investor Mr. Gentry Beach, to discuss Pakistan's growing investment landscape and its promising economic prospects. The meet...
Balochistan urges Centre to approve KE's renewable energy project
ISLAMABAD: The Government of Balochistan has urged the federal government to expedite the approval of K-Electric's 150 MW renewable energy projects planned for the province. These projects, part of a broader 640 MW initiative across Sindh and Balochi...
Rupee sees marginal decline against USD
KARACHI: The Pakistani rupee experienced a slight depreciation of 0.04% against the US dollar on Tuesday, closing at 278.93, down by Re0.10 from the previous day's close of 278.83, according to the State Bank of Pakistan (SBP). Internationally, the...
Railways cuts 17,101 posts under rightsizing policy
ISLAMABAD: The Ministry of Railways has abolished 17,101 posts as part of its Rightsizing Policy. This decision was made during a meeting of the Cabinet Committee on Rightsizing, chaired by Finance Minister Muhammad Aurangzeb in Islamabad. During th...
KSE-100 loses nearly 1,500 points
KARACHI: Selling pressure continued at the Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark KSE-100 Index falling by nearly 1,500 points. The index hit an intra-day low of 111,434.95 before closing at 112,030.36, a decline of 1,489.96 po...
Aurangzeb teases potential tax reforms for Pakistan's salaried class
ISLAMABAD: Finance Minister Muhammad Aurangzeb on Tuesday acknowledged the "disproportionately high burden" faced by Pakistan's salaried class, hinting at potential tax reforms aimed at reviewing the current tax slabs. Speaking at the "Dialogue on t...
Govt working to reduce energy costs: PM Shehbaz
ISLAMABAD: Prime Minister Shehbaz Sharif highlighted the government's ongoing efforts to reduce energy costs in the coming months, acknowledging the challenges faced by the industrial and agricultural sectors due to rising power tariffs. Speaking at...
Govt to approach IMF for approval on power tariff re-basing
ISLAMABAD: Pakistan has decided to formally inform the International Monetary Fund (IMF) about its planned electricity tariff rebasing, seeking the lender's approval to avoid placing additional financial pressure on consumers and to prevent potential...
Senate panel briefed on SBP's efforts to simplify merchant account process
ISLAMABAD: The Deputy Governor of the State Bank of Pakistan (SBP), Dr. Inayat Hussain, announced that the SBP is simplifying the process for opening merchant accounts in Pakistan. He emphasized the need to encourage consumers to adopt digital paymen...
OICCI hosts Minister Ahsan Iqbal for economic policy dialogue
KARACHI: The Federal Minister for Planning, Development, and Special Initiatives, Mr. Ahsan Iqbal, visited the Overseas Investors Chamber of Commerce and Industry (OICCI) for an interactive session with foreign investors and business leaders. The se...
