ISLAMABAD: Six days, 10 world leaders and around 900 delegates; the Shanghai Cooperation Organisation (SCO) conference in Islamabad was attended by countries that represented 40% of the world’s population and
Firm being set up to open power market
ISLAMABAD: The government has allowed the Power Division to approach the Securities and Exchange Commission of Pakistan (SECP) for incorporating a limited company to operationalise the Independent System and Market
Agriculturalists advocate free wheat market
LAHORE: Agriculturalists and businessmen have advocated the government to introduce a free market mechanism for wheat crop to end confusion and enable farmers to fetch a fair price for their
US reports third largest budget deficit
WASHINGTON: The US budget deficit grew to $1.833 trillion for fiscal year 2024, the highest outside of the Covid era, as interest on the federal debt exceeded $1 trillion for
SCO leaders for deeper cooperation
BEIJING: At the recently concluded meeting in Islamabad, Pakistan, government leaders from Shanghai Cooperation Organisation (SCO) member states called for deeper cooperation in areas such as economy and trade, security,
Profit-taking continues to dominate PSX
KARACHI: Continuing the previous trend, profit-takers dominated proceedings at the Pakistan Stock Exchange (PSX) for the second straight session on Friday, pulling the KSE-100 index down by 335 points. The
Gold hits record Rs280,000
KARACHI: In Pakistan, gold has surpassed the Rs280,000/tola (11.66 grams) mark for the first time, reaching a new all-time peak in line with global trends, maintaining its record-breaking streak for
SBP reserves rise above $11b after 2-1/2 years
Karachi: Pakistan’s foreign exchange reserves, held by the State Bank of Pakistan (SBP), surged past $11 billion after a gap of over 30 months, with an increase of $215 million
SBP projects 2.5%-3.5% GDP growth in FY25
KARACHI: Pakistan’s economy is projected to maintain its momentum with the industrial and services sectors showing recovery in the current fiscal year (FY2024-25). However, the growth is expected to lose
Oil industry denounces restrictive fuel prici
ISLAMABAD:The oil industry has aired serious concern over what it says is restrictive pricing of motor fuels that has caused them a loss of millions of rupees. In a letter