China’s world banks are geopolitical victims
MUMBAI: China’s “World Bank” tried in vain to carefully thread the geopolitical needle. Canada, one of its members, is freezing…
Cotton market in crisis as intl prices drop
KARACHI: The cotton market in Pakistan is currently facing a major disruption caused by the declining international price of cotton…
Positive momentum continues at PSX
KARACHI: The Pakistan Stock Exchange (PSX) maintained its positive momentum in the outgoing week as the KSE-100 index surged over…
Bonds’ surge belies reform hurdles
LONDON: Investors have piled back into bonds in Pakistan and Argentina following cash infusions and optimism over multilateral support, but…
Power tariff hiked on IMF demand: Shehbaz
LAHORE: Prime Minister Shehbaz Sharif said on Saturday electricity tariff hike was a condition of the International Monetary Fund (IMF),…
Credit Suisse inquiry to keep files secret
ZURICH: A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years, according to…
Toshiba, GE to build Japan’s wind power chain
TOKYO: Japan’s Toshiba plans to establish a domestic supply chain for offshore wind power equipment together with US manufacturer General…
Iraq-Iran barter likely in violation of US sanctions
WASHINGTON: A barter of Iranian natural gas for Iraqi oil as described by the Iraqi prime minister this week would…
Economy likely to gather steam
KARACHI: The International Monetary Fund (IMF) executive board’s green light for a $3 billion loan programme has ended a prolonged…
NJ to restart power generation by end of July
LAHORE: The 969-megawatt Neelum Jhelum (NJ) hydropower project is all set to resume electricity generation by the end of July…