KARACHI: Despite hopes of economic recovery following the IMF’s $7 billion bailout package, several industrial sectors are either shutting down units or reducing production due to the soaring costs of power and gas,

KARACHI: Contrary to frequent closures of local businesses, Pakistan witnessed a higher arrival of foreign companies than those leaving the country in one and a half years.     Several

• Malaysia also looks to import basmati rice • Trade office to open in Karachi next month • PMs Anwar, Shehbaz talk cooperation in tourism, agriculture, defence ISLAMABAD: Malaysian Prime

ISLAMABAD: The Eco­nomic Coordination Com­mittee (ECC) of the cabinet on Thursday approved a supplementary grant of Rs45 billion for defence and a 122 per cent increase in the maximum retail

ISLAMABAD: The government is pushing to finalise the financing agreement for the Mainline-1 (ML-1) railway track, from Karachi to Peshawar, ahead of Chinese Prime Minister Li Qiang’s visit to Islamabad on

LONDON: Oil prices jumped about four per cent on Tuesday following reports Iran was preparing to launch a missile attack on Israel. Brent futures were up $2.50, or 3.5pc, to

KARACHI: The country’s overall oil sales recorded a month-on-month increase of 5 per cent and 20pc year-on-year to 1.27 million tonnes in September. According to Arif Habib Ltd (AHL), petrol

MOSCOW: Two agriculture companies from Russia and Pakistan have signed barter deals to trade chickpeas and lentils from Russia in exchange for rice, mandarins and potatoes, Russia’s TASS news agency