Service Long March targets $100m exports as Pakistan becomes fifth-largest tyre exporter to US Between the years 2013 and 2021, the Chinese investment increased six-and-a-half times to $6.1b but the US investment dropped three-fourths to $1.5b, said the BOI secretary. PHOTO: FILE ISLAMABAD: Federal Minister for Commerce Jam Kamal Khan held a meeting with Jin…
KARACHI: Gold prices in Pakistan recorded a sharp increase on Wednesday, tracking gains in the international market, where bullion climbed to a near three-week high amid easing geopolitical tensions and a softer US dollar. In the local market, the price of gold per tola jumped by Rs15,700 to reach Rs504,162, according to the rates issued…
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’s workers’ remittances posted a year-on-year decline in March 2026, reflecting emerging external risks even as overall inflows remain strong, with analysts warning that…
Survey shows 22% rural households spend 40% income on housing as deficit exceeds 10m units KARACHI: Housing quality and living conditions in Pakistan reveal a stark contrast between urban and rural areas, reflecting not just numbers but the everyday realities faced by millions of families across the country. While homeownership rates stand at 52% in…
Islamabad well positioned to deepen energy & trade ties, establish rail & road transit corridor with Iran LAHORE: When Pakistan’s Prime Minister Shehbaz Sharif posted a carefully worded appeal on X in the early hours of Wednesday, requesting President Trump to extend his deadline by two weeks and simultaneously urging Iran to open the Strait…
KARACHI: The Pakistan Stock Exchange (PSX) erupted in jubilation on Wednesday, registering its highest single-day gain of over 14,000 points (+9%) in history, as investors cheered the global peace momentum brokered by Pakistan and easing tensions between the United States and Iran. As trading commenced in the morning, the KSE-30 index rallied sharply, which sparked…
Businessmen Group (BMG) Chairman Zubair Motiwala expressed optimism that the 15-day ceasefire would continue ublic-sector gas utilities are operating with a guaranteed rate of return – a formula that should be revised to run them on a commercial basis. Photo: file KARACHI: Businessmen of Karachi, while terming the US-Iran ceasefire a big achievement, have said…
ISLAMABAD: The government has decided to take a $1 billion budget support loan for making policies to deal with climate disaster but deferred approval of a $40 million project due to exorbitant rates quoted for buying furniture and laptops by using a foreign loan. The Central Development Working Party (CDWP) approved the concept clearance proposal…
Minister says 55% of power mix came from clean sources; hydro expansion, local coal shift planned Pakistan has stepped up efforts to address the energy security challenge. Photo: file ISLAMABAD: Federal Minister for Power Sardar Awais Ahmed Khan Leghari met with Canadian High Commissioner Tarik Ali Khan to discuss energy sector cooperation and investment opportunities,…
LAHORE: The Small and Medium Enterprises Development Authority (SMEDA), on advice of the Special Assistant to PM Haroon Akhtar Khan, convened a series of five meetings with regional stakeholders, including banks and industries departments of Sindh, Balochistan, Khyber-Pakhtunkhwa, AJK and Gilgit-Baltistan (G-B) for equitable promotion of the SME financing across Pakistan. Nadia Jahangir Seth, Chief…