Business

ISLAMABAD, May 16 : Prime Minister Shehbaz Sharif on Monday expressing his displeasure over the delay in procurement of wheat by the provinces stressed completion of the process by June 1. He directed the Minister for Food Security and Research to set up an urgent committee for transparent distribution of …

ISLAMABAD, May 16 ): Prime Minister Shehbaz Sharif on Monday expressing his concern over the current situation of foreign exchange reserves and the increasing exchange rate, directed the relevant institutions to formulate a comprehensive strategy for improving the situation. He also directed to present an effective and actionable plan in …

The Pakistan airspace is set to get crowded as Fly Jinnah, a proposed low-cost carrier, prepares to take wing by June, reported. The airline has already commenced recruitment drives for cabin crew in Karachi, Islamabad, and Lahore. Fly Jinnah will operate flights between Karachi, Lahore and Islamabad. The airline has …

Islamabad: Pakistan is slowly and gradually heading towards Sri Lanka-like crisis situation due to the worsening domestic political and economic situation, which can be turned around through political dialogue and prudent economic policies. “We are at a distance of 30-35 days from Sri Lanka’s (crisis-like situation),” Exchange Companies Association of …

ISLAMABAD, May 15 :The longstanding vagaries of the port city of Gwadar due to growing energy scarcity would end by October, 2023 after the completion of the 300megawatts coal-fired power plant. The 300-megawatt (MW) coal-fired Gwadar Power Plant would cater the needs of some 150,000 local people by the end …

LONDON/SHANGHAI: World stocks rose from the previous day’s 18-month lows and the dollar pulled back from 20-year highs on Friday, though investors remained nervous about high inflation and the impact of rising interest rates. Markets are becoming anxious about the possibility of recession, with the S&P getting close to a …

ISLAMABAD: Federal government will take a key decision on a hike in fuel prices today as subsidy on fuel prices will likely be reverted phase-wise ahead of talks with International Monetary Fund (IMF) from May 18, ARY NEWS reported. According to sources, the fuel prices will be hiked phase-wise after …

To revive the stalled IMF programme under the $6 billion Extended Fund Facility (EFF), the government will have to hike the electricity tariff by Rs7.14 per unit through base price and fuel price adjustments as well as increase the petrol prices in a gradual manner. Owing to the fear of …

ISLAMABAD, May 13: Minister of State for Finance and Revenue, Dr. Ayesha Ghaus Pasha on Friday stated that human capital investments including such as on gender, equality, population planning, education, nutrition and water would bring benefits for the sustainable development. She said this while in a called on meeting with …

BEIJING, May 13 : As many as 14 Chinese investors are coming to Gwadar to assess the investment potential of Gwadar and Balochistan next week, said Chairman of China Overseas Ports Holding Company (COPHC) Zhang Baozhong. “In addition to Chinese, last year we received more than 17 ambassadors from the …