By Staff Reporter
ISLAMABAD: The government will seek fresh expressions of interest for the sale of Pakistan International Airlines (PIA) later this month, a move spurred by the national carrier’s first annual profit in over two decades, signaling a potential turning point in the country’s long-stalled privatization efforts.
By Staff Reporter
ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) greenlit a government proposal on Thursday to slash electricity tariffs by Rs1.71 per unit for three months, from April to June 2024, tapping funds from the Petroleum Development Levy (PDL) to ease consumer costs and spur demand.
By Staff Reporter
ISLAMABAD: Pakistan is deploying a high-level delegation to Washington to negotiate relief from punishing US tariffs that have pushed duties on its exports to 39 percent, threatening a bilateral trade relationship worth $6 billion annually, Prime Minister Shehbaz Sharif’s office said on Wednesday.
By Staff Reporter
ISLAMABAD: Pakistan’s economy is showing tentative signs of stabilisation and recovery as reforms under an International Monetary Fund program begin to curb inflation and revive growth, though structural challenges and global trade risks persist, the Asian Development Bank (ADB) said on Wednesday.
By Staff Reporter
ISLAMABAD: Pakistan International Airlines (PIA) on Tuesday reported its first annual net profit in 21 years, a milestone that could boost government efforts to privatise the debt-stricken carrier after years of losses and operational crises.
By Staff Reporter
ISLAMABAD: Barrick Gold Corp. is in advanced talks to secure over $2 billion from international lenders for its Reko Diq copper-gold mine in Pakistan, a pivotal project poised to transform the South Asian nation into a top-tier mining hub.
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday issued a sweeping invitation to global investors, including Saudi Arabia, China, the US, and the European Union, to tap into the country’s $6 trillion mineral reserves, as Islamabad races to unlock an underdeveloped sector critical to stabilising its debt-strapped economy.
By Staff Reporter
ISLAMABAD: Pakistan and the United States pledged on Monday to expand cooperation on trade, counterterrorism, and regional security during the first phone call between Foreign Minister Ishaq Dar and US Secretary of State Marco Rubio, Foreign Office (FO) said.
By Staff Reporter
KARACHI: Pakistan stocks cratered to an intraday low of 8,687 points on Monday—its biggest point drop ever—before closing 3.3 percent lower, reeling from a global sell-off sparked by China’s retaliatory tariffs on the U.S.
By Staff Reporter
KARACHI: Pakistan’s stock market suffered a historic 8,000-point collapse in an intraday trade on Monday, battered by global fallout from China’s retaliatory tariffs on the US.
