US investment hits decade high
LAHORE: US President’s Adviser Shahid Ahmed Khan has said that the US has been a leading investor in Pakistan for…
Rupee extends losing streak on unaltered policy
KARACHI: The Pakistani currency experienced a 0.31% drop, losing Rs0.90 to reach Rs287.54 against the US dollar in the interbank…
Sovereign Wealth Fund launched
ISLAMABAD: Highlighting the significance of the mining sector as a key driver of the economy, Senator Mohammad Ishaq Dar, the…
PLL skips awarding tender to Trafigura
SINGAPORE: Pakistan LNG Limited (PLL) did not award a tender to commodities trader Trafigura, which had offered bids to deliver…
‘Policy implementation vital to curb illegal cigarettes’
LAHORE: Despite the introduction of the technology-based “Track and Trace system” to combat illicit tobacco trade in Pakistan, a significant…
Russian crude imports face constraints
KARACHI: Pakistan is unlikely to meet a target for Russian crude to make up two-thirds of its oil imports, despite…
China renews licences of 279 seafood firms
BEIJING: The General Administration of Customs of the Peoples Republic of China (GACC) has renewed the registration of 279 Pakistani…
Inflation surges to 28.3% in July
KARACHI: Pakistan’s monthly inflation reading – the increase in price of major commodities and services grouped in consumer price index…
Trade deficit shrinks by 41%
KARACHI: Pakistan’s trade deficit, the gap between import payments and export earnings, has significantly reduced by 41% to $1.61 billion…
As investment rises, IT exports surge to $2.6b
KARACHI: Pakistan’s information technology exports have increased to $2.6 billion from the earlier level of less than $1 billion recorded…