KARACHI: Pakistan and China have signed more than 300 memorandums of understanding (MoUs) and over three dozen joint venture agreements over the last two years, with a cumulative value exceeding $13 billion, Pakistan’s Ambassador to China Khalil Hashmi has said, according to a statement issued on Monday. Speaking at a meeting with a 70?member Chinese…
CEO stresses technology, market access; D-8 meeting targets $500b intra?trade by 2030 LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) has reaffirmed its commitment to promote regional economic cooperation through B2B linkages, knowledge sharing and market facilitation at the 9th meeting of the D-8 SME Governmental Bodies, according to a statement issued on Monday….
ISLAMABAD: A delegation of National Steel Complex Limited met Federal Minister for Commerce Jam Kamal Khan to discuss issues relating to industrial competitiveness, tariff rationalisation, value-added manufacturing, and operational challenges being faced by steel and engineering sectors. The delegation briefed the minister on concerns arising from the existing duty structure applicable to raw materials, intermediate…
Trading volume stands at 284,031,410 shares with a total traded value of Rs12,022,767,811 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: In a volatile trading session on Tuesday, the Pakistan Stock Exchange (PSX)…
ISLAMABAD: Pakistan LNG Limited (PLL) has rejected bids for two spot liquefied natural gas (LNG) cargoes, which demanded higher rates and could force consumers to pay an additional $22 million for one LNG cargo. At a briefing, the Senate Standing Committee on Petroleum was informed that an LNG cargo was expected to arrive at Karachi…
ISLAMABAD: The petroleum division is set to move a summary to the Economic Coordination Committee (ECC) to amend the oil refinery policy, aiming to remove sales tax on the import of machinery and address the issue of operational sales tax, according to an official statement. Federal Minister for Petroleum Ali Pervaiz Malik chaired a high-level…
KARACHI: Investors offloaded their holdings at the Pakistan Stock Exchange (PSX) on Monday over uncertainty surrounding US-Iran negotiations for a peace deal, which pulled the KSE-100 index down by 610 points. In the morning, trading commenced on a negative note, with the benchmark index sliding 1,433.57 points, or 0.84%, within minutes to hit 169,682.25 at…
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has emphasised the government's focus on transforming tax administration through reforms centred on people, processes and technology, during a meeting with a delegation of the Institute of Chartered Accountants of Pakistan (ICAP), according to an official statement issued on Monday. Welcoming the delegation, the finance minister…
Clarifies that measures for which no specific period has been defined will remain applicable until further notice Prime Minister Shehbaz Sharif. Photo: Radio Pakistan Prime Minister Shehbaz Sharif on Monday extended several austerity measures aimed at reducing fuel consumption till June 13 to cope with the ongoing fuel crisis amid the US-Iran conflict. According to a notification…
Stocks flatlined, while the dollar strengthened on Monday as investors fretted that talks between the United States and Iran were at a stalemate, leaving the vital Strait of Hormuz virtually closed, which sent oil prices higher. US President Donald Trump on Sunday rejected Iran’s response to a US proposal for peace talks to end the…