Business

PIA privatisation rescheduled amid renewed government push for investors

PIA privatisation rescheduled amid renewed government push for investors

ISLAMABAD: The privatisation of Pakistan’s national carrier, PIA, has been delayed once again. The process, initially scheduled for the first…
IMF board to review Pakistan programme on Dec 8

IMF board to review Pakistan programme on Dec 8

KARACHI: The IMF Executive Board will meet on Dec. 8, according to an official calendar, to consider and approve a…
Govt to shift burden of LNG cargoes on to RLNG consumers

Govt to shift burden of LNG cargoes on to RLNG consumers

ISLAMABAD: In a major policy shift, the government has decided it will no longer absorb potential losses arising from the…
India approves $816 million rare earth permanent magnets manufacturing programme

India approves $816 million rare earth permanent magnets manufacturing programme

India has approved a 72.8 billion rupees ($815.74 million) rare earth permanent magnets manufacturing programme, the information minister said, in…
Pakistan, Kuwait agree to extend cooperation in petroleum sector

Pakistan, Kuwait agree to extend cooperation in petroleum sector

ISLAMABAD: Federal Minister for Petroleum, Ali Pervaiz Malik, held a meeting on Thursday with the Ambassador of the State of…
Power sector circular debt likely to increase by Rs735 billion

Power sector circular debt likely to increase by Rs735 billion

ISLAMABAD: The power sector is facing a potential increase in circular debt by Rs735 billion during the current fiscal year,…
Pakistani firm lands multi-million dollar export order from Saudi Arabia

Pakistani firm lands multi-million dollar export order from Saudi Arabia

KARACHI: Pakistan has secured a major breakthrough on the export front after a local company received a multi-million dollar order…
PSX surges by 1,055 points amid growing hopes for IMF loan tranche

PSX surges by 1,055 points amid growing hopes for IMF loan tranche

KARACHI: The Pakistan Stock Exchange (PSX) extended its bullish momentum on Thursday amid hopes for disbursement of $1.2 billion loan…
Oil prices drop on expectations of ceasefire in Ukraine unlocking Russian supply

Oil prices drop on expectations of ceasefire in Ukraine unlocking Russian supply

TOKYO: Oil prices fell on Thursday on expectations of a Ukraine‑Russia ceasefire which could pave the way for the unwinding…
IMF recognises CCP’s turnaround in market enforcement

IMF recognises CCP’s turnaround in market enforcement

ISLAMABAD: The International Monetary Fund (IMF) has noted that the Competition Commission of Pakistan (CCP) has taken significant steps to…
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