Business

Govt bans new gas connections, cancels 3 million applications

Govt bans new gas connections, cancels 3 million applications

ISLAMABAD: The federal government has imposed a permanent ban on new residential gas connections using local natural gas, and ordered…
Pakistan-IMF talks set on 25th amid pending structural benchmarks

Pakistan-IMF talks set on 25th amid pending structural benchmarks

Pakistan and the International Monetary Fund (IMF) are scheduled to begin negotiations on September 25, sources said, as several structural…
Govt considers slashing FBR tax target, proposal of floods levy on cards

Govt considers slashing FBR tax target, proposal of floods levy on cards

ISLAMABAD: After missing the deadline to privatise the Pakistan International Airlines (PIA), the government is preparing different scenarios to revise…
Pakistan seeks Saudi, Emirati investment to revamp aging railway track

Pakistan seeks Saudi, Emirati investment to revamp aging railway track

ISLAMABAD: Pakistan is seeking investment from Saudi Arabia and the United Arab Emirates (UAE) to modernise its aging railway network,…
KSE-100 crosses 158,000 mark, sets new all-time high

KSE-100 crosses 158,000 mark, sets new all-time high

The equity market advanced sharply on Thursday, closing at a fresh record as investor sentiment was buoyed by a landmark…
Hike in power bills on cards as CPPA eyes fuel cost increase

Hike in power bills on cards as CPPA eyes fuel cost increase

ISLAMABAD: Electricity consumers across the country are likely to face higher bills in October after the Central Power Purchasing Agency-Guarantee…
Pakistan’s trade deficit surges past $6bn in July-Aug FY 2025-26

Pakistan’s trade deficit surges past $6bn in July-Aug FY 2025-26

Pakistan’s trade deficit widened significantly in the first two months of the ongoing fiscal year 2025-26, crossing the $6 billion…
Pakistan, Uzbekistan explore mining, industrial cooperation

Pakistan, Uzbekistan explore mining, industrial cooperation

ISLAMABAD: During his visit to Uzbekistan to follow up on the decisions taken during the visit of the Prime Minister…
Oil prices little changed after Fed rate cut

Oil prices little changed after Fed rate cut

TOKYO: Oil prices were little changed on Thursday after the U.S. central bank lowered its key interest rate as widely…
Reko Diq secures over $5.5bn financing commitments from IFIs

Reko Diq secures over $5.5bn financing commitments from IFIs

ISLAMABAD: Marking a key breakthrough for Pakistan’s mining sector, Reko Diq Mining Company (RDMC) has secured over $5.5 billion in…
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