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Rupee continues to sink, closes at 200.14 against US dollar in interbank market
KARACHI: The rupee extended its fall and dropped 0.07% against the US dollar in the interbank market on Friday to close at Rs200.14 as investors expressed concern over the pace of its fall and a lack of support from the central bank.…
CPPA-G seeks electricity hike of Rs4.05 per unit
The Central Power Purchasing Agency- Guaranteed (CPPA-G) on Friday sought an increase of Rs4.05 per unit in tariffs of Ex-WAPDA Distribution Companies (Discos) for April 2022, under the monthly Fuel Charges Adjustment (FCA) mechanism.
In…
Miftah asks multinationals to present export plan in exchange for tax breaks
Finance Minister Miftah Ismail has urged foreign multinational companies operating in Pakistan to present an export plan to the government in exchange for tax breaks.
Taking to Twitter on Friday, Miftah, who is presently leading Pakistan…
Jul-April FDI falls 1.6% year-on-year to $1.46bn
Foreign Direct Investment (FDI) coming into Pakistan fell a nominal 1.6% during the first ten months of the ongoing fiscal year (FY22).
The State Bank of Pakistan (SBP) reported that Pakistan fetched FDI amounting to $1.455 billion…
IMF urges Asia to be mindful of spillover risks from tightening
TOKYO: Asian economies must be mindful of spillover risks as a decade of unconventional easing policies by major central banks is unwound faster than expected, International Monetary Fund Deputy Managing Director Kenji Okamura said.
This…
KSE-100 closes 0.1% lower in mixed session
Uncertainty surrounded the Pakistan Stock Exchange (PSX) on Thursday as the benchmark KSE-100 index ended a two-day winning streak to close 43 points down.
A combination of upside and downside pressures made the market swing between…
Pakistani Consul General terms China is a big market for Pakistan’s dried fruits
ISLAMABAD (PEN) : The Consulate General of Pakistan in Shanghai, in partnership with the Pakistan Trade Development Authority, organized a webinar on the export of dried fruits and nuts from Pakistan to China to tap into the vast potential…
Pakistan wants to form larger share of labour force for Saudi’s futuristic NEOM project
The government wants a greater share of Pakistanis to form the workforce that is contributing to the mammoth NEOM city project in Saudi Arabia.
Saudi ambassador to Pakistan H.E Nawaf Bin Said Al-Malki called on Minister for Overseas…
British Airways owner orders 50 Boeing 737 MAX jets
LONDON: British Airways owner IAG said Thursday it has ordered 50 Boeing 737 MAX aircraft worth $6.25 billion at list prices in a boost for the crisis-hit jet after two deadly crashes.
The news comes amid recovery in the global aviation…
Asian markets plunge after Wall St battering
HONG KONG (AFP) - Asian markets posted big early losses Thursday, after Wall Street suffered one of its worst batterings in two years in the previous session.
Downcast earnings reports from retailers had exacerbated worries about…
