Business

Stocks post second weekly loss as IMF euphoria subsides

Stocks post second weekly loss as IMF euphoria subsides

KARACHI: After losing 1,049 points in the preceding week, the Pakistan Stock Exchange (PSX) recovered as many as 520 points…
Reconstituted EAC comes under fire

Reconstituted EAC comes under fire

KARACHI: Cautiously welcoming the formation of the Economic Advisory Council (EAC), the business leaders on Friday said the body had…
Federal Shariat Court declares interest-based banking system against Sharia

Federal Shariat Court declares interest-based banking system against Sharia

The Federal Shariat Court (FSC) on Thursday announced a verdict in a long-pending case on Riba (interest), declaring the prevailing interest-based banking…
PM Shehbaz rejects summary to increase petrol prices: minister

PM Shehbaz rejects summary to increase petrol prices: minister

Prime Minister Shehbaz Sharif has rejected the Oil and Gas Regulatory Authority’s (Ogra) summary for increasing the prices of petroleum…
IT exports up 29pc to $1.94bn

IT exports up 29pc to $1.94bn

ISLAMABAD: Remit­tances from the IT exports, including telecommunication, computer and information services, during July to March FY22 surged by 29.26…
PTI govt borrowed $49.23bn in its 45-month stint

PTI govt borrowed $49.23bn in its 45-month stint

ISLAMABAD: Struggling with current account challenges and foreign exchange reserves, the ousted PTI government borrowed about $15.4 billion in foreign…
Miftah looking forward to early deal on seventh review

Miftah looking forward to early deal on seventh review

WASHINGTON: Finance Minister Miftah Ismail said on Friday that he was looking forward to an early agreement with the International…
Ahsan laments slow progress on CPEC projects

Ahsan laments slow progress on CPEC projects

ISLAMABAD: Terming the China-Pakistan Economic Corri­dor (CPEC) a top priority, Minister for Planning Development and Special Initiatives Ahsan Iqbal on…
Rupee continues slide, reaches Rs187 against dollar in interbank

Rupee continues slide, reaches Rs187 against dollar in interbank

The rupee’s downward trajectory against the US dollar continued on Thursday as the local currency plunged to Rs187 against the…
Miftah-led ECC approves Rs69bn reimbursement to oil industry

Miftah-led ECC approves Rs69bn reimbursement to oil industry

ISLAMABAD: The single-point maiden meeting of the Economic Coordination Committee (ECC) of the newly formed federal cabinet on Tuesday approved…
Back to top button