Dar assures PIA of maximum support
ISLAMABAD: Finance Minister Ishaq Dar on Saturday assured the Pakistan International Airlines (PIA) of maximum support for the improvement of…
Power generation declines 9.5%
KARACHI: Power generation in Pakistan experienced a significant year-on-year decline of 9.5% during the fiscal year 2023 (FY23), according to…
Policy dispute imperils telecom industry
ISLAMABAD: In pursuit of the government’s ambitious vision to attract $20 billion in investments within the IT sector over the…
Chinese power giant shows renewed interest in KE
KARACHI: China’s Shanghai Electric Power Company (SEP) has expressed renewed interest in acquiring K-Electric (KE), the integrated power firm based…
Rupee hits 1-month low on high dollar demand
KARACHI: The Pakistani rupee has faced a downward spiral for the fifth consecutive working day, falling by 0.58%, or Rs1.66,…
Russian central bank hikes rate sharper-than-expected
MOSCOW: Russia’s central bank hiked its key interest rate by a greater-than-expected 100 basis points (bps) to 8.5% on Friday,…
Sluggish growth in Pakistan’s IT sector
KARACHI: The Pakistan IT sector, known for its immense potential, has experienced sluggish growth, falling short of expectations in the…
Rs15 radio fee may be added to electricity bills
ISLAMABAD: Amidst the ever-increasing inflation and soaring power and gas rates, the government has decided to impose an additional burden…
Petroleum dealers threaten nationwide strike
KARACHI: Petroleum dealers in Pakistan have issued a warning to close down filling stations across the country indefinitely, starting from…
Forex doubles to 9-month high at $8.73 billion
KARACHI: Pakistan’s foreign exchange reserves doubled, reaching a nine-month high of $8.73 billion, thanks to new debt-financing inflows from the…