Aurangzeb appreciates China’s IMF support, advances economic cooperation during Washington meetings

Both sides reaffirm commitment to strengthen economic cooperation and strategic partnership Finance Minister Muhammad Aurangzeb meets with Chinese Finance Minister Lan Fo’an in Washington DC. PHOTO: X Finance Minister Muhammad Aurangzeb on Friday expressed appreciation for China’s continued bilateral support at the International Monetary Fund (IMF), as well as the constructive role played by its…

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CA posts $1.07b surplus in March

Since July 22, numerous unauthorised exchange outlets have been closed after the military intelligence agency summoned currency dealers to address the rising dollar rate in the open market. photo: file KARACHI: Pakistan posted a staggering current account surplus of $1.07 billion in March 2026, down from $1.28 billion a year ago, but sharply higher than…

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Pakistan keeps faith in US-Iran deal prospects

A staff member removes the Iranian flag from the stage after a group picture with foreign ministers and representatives of the US, Iran, China, Russia, Britain, Germany, France and the European Union during Iran nuclear talks at the Vienna International Centre in Vienna, Austria on July 14, 2015. FILE PHOTO: REUTERS ISLAMABAD: Pakistan on Thursday…

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Auto policy shrouded in secrecy

The three Japanese carmakers lacked innovation and competitiveness, despite the incentives offered to them in the previous policies, said government officials as they announced the auto policy. PHOTO: FILE KARACHI: Pakistan’s upcoming auto policy for 2026-31 is facing growing criticism from industry stakeholders over an unusual lack of transparency, with key players claiming they remain…

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PSX surges over 2,400 points in midday trading

Investors cheer easing Middle East tensions, government’s Rs109 to Rs116 billion Sukuk listing KARACHI: The Pakistan Stock Exchange (PSX) maintained bullish momentum on Friday as the benchmark KSE-100 Index surged over 2,400 points in midday trading. The index climbed to around 172,365 points, marking a gain of approximately 2,453 points, or 1.42%, from the previous…

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Port Qasim to get 400-acre industrial estate

Port Qasim. PHOTO: EXPRESS KARACHI: Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry has announced the establishment of a modern small industrial estate at Port Qasim spanning approximately 400 acres, according to a statement issued on Thursday. Speaking during his visit to the Karachi Chamber of Commerce and Industry (KCCI), the minister said the…

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Eight killed in helicopter crash in Indonesia

All eight people on board an Airbus H130 helicopter were killed after it crashed on Thursday in Sekadau regency, West Kalimantan province of Indonesia, authorities said Friday. The aircraft was carrying six passengers, a pilot and a co-pilot. The helicopter departed from Melawi regency at 7.34 am local time (0034GMT) and lost contact at 8.39…

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