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…
Aleem Khan issued clear directives to expedite pending projects, emphasising that delays will no longer be tolerated KARACHI: Federal Minister for Communications Abdul Aleem Khan visited the regional office of the National Highway Authority (NHA) in Karachi and chaired a high-level review meeting, according to an official statement issued on Tuesday. The minister was given…
ISLAMABAD: Federal Minister for Petroleum Ali Pervaiz Malik held a meeting with British High Commissioner Jane Marriott to discuss the evolving regional situation, its implications for global energy markets, and avenues for strengthening bilateral cooperation in Pakistan’s energy and minerals sectors, according to an official statement issued on Tuesday. During the meeting, both sides exchanged…
Overall market participation was strong, as 1,066 million shares were traded with a total value of Rs. 49 billion. KEL led the volume chart, with 195.8 million shares..Photo: Express KARACHI: The Pakistan Stock Exchange (PSX) closed slightly higher on Tuesday, supported mainly by strength in the banking sector, though the trading session remained highly volatile….
Prime Minister Shehbaz Sharif. Photo: File ISLAMABAD: The Prime Minister’s Office has issued fresh instructions to finalise currency swap agreements with the European Union (EU), Russia and Iran, in a move that can lessen dollar dependency and integrate trade with regional economies. The agenda of currency swap agreements has been made part of the Ministry…
Calls for fiscal discipline, currency stability as devolution of agriculture, industry fails to deliver Within 60 days of the approval of FRDL (Amendment) Act 2021, the federal government will establish an office to be called debt management office. photo: file LAHORE: The Pakistan Business Forum (PBF) has written to leading political figures, including Nawaz Sharif,…
US crude falls 15% to $96.31, Brent down 13% to $94.71 after market reacts to US-Iran ceasefire news Oil prices slid, stocks and bonds surged, while the safe-haven dollar was knocked back on Wednesday, as a two-week Middle East ceasefire brought some relief to markets on hopes for a resumption of oil and gas flows…