IMF board delivers a tough message over new bailout
ISLAMABAD: A day after approving the $3 billion bailout package, the International Monetary Fund (IMF) board has conveyed its concerns…
More funds sought for education, research
LAHORE: Pakistan’s annual budget for education and research work stands very low and it needs to be enhanced as most…
Electric bills to significantly rise soon
ISLAMABAD: ISLAMABAD. The country’s power regulator–the National Electric Power Regulatory Authority (Nepra) on Friday approved a hike in the national…
China invites investors for rare meeting
HONG KONG: China’s financial regulators have invited some of the world’s biggest investors to a rare symposium next week, three…
Banking sector grows but struggles with serving priority sectors
KARACHI: Pakistan’s banking sector has experienced significant growth in deposits and investment over the past five years, but it still…
Consumers may be denied petrol price relief
ISLAMABAD: The government is likely to deny consumers a full relief from the decline in international oil prices as it…
Rupee springs surprise, drops Rs4
KARACHI: Pakistani currency on Friday dropped by a surprising 1.40%, or Rs4, to Rs284 against the US dollar in the…
Textiles see decline while apparels boom
KARACHI: Pakistan’s textile industry has experienced a significant decline in production, particularly in the cotton yarn and cotton cloth segments,…
Wall St climbs on cooler inflation
BOSTON: World stocks extended gains on Friday while the dollar held near 15-month lows after US inflation data this week…
‘Work on ML-1 railway line project to start this year’
BEIJING: Federal Minister for Planning, Development, and Special Initiatives, Ahsan Iqbal, expressed his optimism about starting the much-anticipated ML-1 project…