Friday, July 3, 2026

No Result

View All Result

No Result

View All Result

No Result

View All Result

Business

IT exports expected to reach $4bn during current fiscal year, PM told

by Web Desk

May 11, 2026

Finance

Business

Pakistan stock exchange falls by over 1,000 points as market reacts to cabinet formation

by Web Desk

March 12, 2024

The Pakistan Stock Exchange (PSX) witnessed a sharp decline of over 1,000 points on Wednesday, a day following the oath-taking...

Economy

EX PM Imran Khan #1 Choice for experts to stabilise Pakistan’s economy: Bloomberg survey

by Web Desk

January 31, 2024

Pakistan’s top economist and analysts believed that former prime minister Imran Khan would be able to undertake reforms required to...

ISLAMABAD: On Tuesday, Pakistani Commerce and Interior Minister Dr. Gohar Ejaz held discussions with Saudi Arabia’s Ambassador to Pakistan, Nawaf bin Said Al-Malki, expressing a commitment to fortify business relations. This move precedes a forthcoming visit to Riyadh by a delegation comprising prominent Pakistani industrialists. The enduring rapport between Pakistan and Saudi Arabia, underscored by the presence of approximately 2.5 million Pakistani expatriates in the Kingdom, was emphasized. This expatriate community contributes significantly as the largest source of foreign remittances to Pakistan. Recent extensive visits by high-ranking Pakistani officials to Saudi Arabia have aimed at enhancing trade ties and fostering employment opportunities for expatriates. Following the meeting, Dr. Gohar's office stated, "The meeting affirmed the intention to enhance business-to-business relations between Pakistan and Saudi Arabia." Dr. Gohar Ejaz highlighted investment prospects in Pakistan's steel and petrochemical industries, encouraging Saudi industrialists to explore these opportunities. Additionally, steps were being taken to bolster collaboration in the IT sector between the two nations. Referring to a previous visit by a delegation of 15 leading Pakistani IT companies to Saudi Arabia, the statement emphasized the signed agreements that aim to expedite digital transformation, promote innovation, and advance digital infrastructure. These accords also focus on supporting small and medium-sized enterprises, startups, and facilitating the exchange of information on accelerators and incubators. A noteworthy development is the establishment of a special task force designed to promote digital cooperation between Saudi Arabia and Pakistan. During the meeting, the commerce minister also highlighted the scenic beauty of Pakistan’s northern mountainous regions and proposed the development of luxury resorts in these areas. The statement indicated that a delegation comprising ten of Pakistan's top industrialists is anticipated to visit Riyadh, although specific dates for the trip were not provided.

Finance

Pakistan commerce minister meets Saudi envoy ahead of industrialists’ visit to Riyadh

by Web Desk

January 30, 2024

ISLAMABAD: On Tuesday, Pakistani Commerce and Interior Minister Dr. Gohar Ejaz held discussions with Saudi Arabia’s Ambassador to Pakistan, Nawaf...

Finance

IMF downgrades Pakistan’s 2024 growth estimate to 2pc

by Web Desk

January 30, 2024

The International Monetary Fund (IMF) has downgraded Pakistan’s growth estimate for fiscal year 2024 to two per cent, according to...

KSE-100 Index Registers a Decline of More Than 1,100 Points

Finance

KSE-100 decreases over 900 points amid political volatility

by Web Desk

January 30, 2024

Volatility on the political front dented sentiment at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 index lost over...

State Bank of Pakistan’s (SBP) Monetary Policy Committee Monday announced maintaining the status quo, leaving the key policy rate unchanged at 22%. The MPC's decision to maintain the key policy rate — for the fifth time in a row — is in line with market expectations as high inflation persists due to the rise in energy prices. In a concerning update, SBP Governor Jameel Ahmad stated during a press conference in Karachi that inflation remains elevated, necessitating an upward revision of the annual target to 23-25%. The decision to keep the rate status quo is the last under the caretaker government before the country's general election next month. It also comes in the midst of Pakistan's $3 billion Standby Arrangement (SBA) with the International Monetary Fund (IMF).

Finance

SBP maintains interest rate at 22%

by Web Desk

January 29, 2024

State Bank of Pakistan’s (SBP) Monetary Policy Committee Monday announced maintaining the status quo, leaving the key policy rate unchanged...

Finance

IT Ministry has appreciated the role of Special Investment Facilitation Council in increasing foreign direct investment

by Web Desk

January 28, 2024

Caretaker Federal Minister for Information Technology and Telecommunications Umar Saif has appreciated the role of Special Investment Facilitation Council in...

Oil industry seeks Rs12 per litre margin on diesel, petrol to ensure survival

Finance

KCCI and industrialists request Rs. 7 billion through the incremental power package

by Web Desk

January 28, 2024

The Karachi Chamber of Commerce and Industry (KCCI) and industrialists are urgently appealing to the government for the release of...

Pakistan’s total debt rises to Rs54.94 trillion in Jan 2023: SBP

Finance

Surge in power sector’s circular debt hits Rs2.55 trn in Jul-Dec period

by Web Desk

January 26, 2024

According to sources close to the caretaker minister for Power and Petroleum, the circular debt in the country's power sector...

Pakistan Receives $700 Million as Next Installment from IMF

Finance

First five months of FY24, a substantial 74% rise in the payment of debts

by Web Desk

January 25, 2024

The government is focusing its utmost attention on managing non-mark-up spending, given that the current expenditures are escalating due to...

Page 26 of 143 Prev 1 … 25 26 27 … 143 Next

No Result

View All Result

IT exports expected to reach $4bn during current fiscal year, PM told

Finance

Pakistan stock exchange falls by over 1,000 points as market reacts to cabinet formation

EX PM Imran Khan #1 Choice for experts to stabilise Pakistan’s economy: Bloomberg survey

Pakistan commerce minister meets Saudi envoy ahead of industrialists’ visit to Riyadh

IMF downgrades Pakistan’s 2024 growth estimate to 2pc

KSE-100 decreases over 900 points amid political volatility

SBP maintains interest rate at 22%

IT Ministry has appreciated the role of Special Investment Facilitation Council in increasing foreign direct investment

KCCI and industrialists request Rs. 7 billion through the incremental power package

Surge in power sector’s circular debt hits Rs2.55 trn in Jul-Dec period

First five months of FY24, a substantial 74% rise in the payment of debts

Ads

Welcome Back!

Retrieve your password