The Pakistan Stock Exchange (PSX) faced a volatile trading session on Monday, with the benchmark KSE-100 Index starting strong and gaining over 600 points during […]
Category: Business
Xiaoqin Fan Named ADB’s Country Director for Pakistan
The Asian Development Bank (ADB) has appointed Xiaoqin Fan as its new country director for Pakistan, according to a statement from the organization. Fan will […]
More CFOs Arrested as FBR Intensifies Crackdown Against Tax Fraud
The Directorate General of Intelligence & Investigation-Inland Revenue has arrested four Chief Financial Officers (CFOs) from Faisalabad-based textile units and a CFO from a Lahore-based […]
EU Tariffs on Chinese EVs: A Protectionist Act
KARACHI: The European Union (EU) has imposed hefty taxes on Chinese electric vehicles (EVs) in a move that reveals a deep-seated protectionist impulse, potentially undermining […]
Engro Fertilizers Delivers Strong Financial Performance
Engro Fertilizers Limited (EFERT) has announced impressive financial results for the first nine months of 2024 (9MCY24). Despite a decline in quarterly earnings, the company’s […]
Three Economists Win 2024 Nobel Prize for Institutional Studies
Daron Acemoglu, Simon Johnson, and James Robinson have been awarded the 2024 Nobel Prize in Economics for their groundbreaking research on the formation and impact […]
IMF Projects Pakistan’s Gross External Financing Needs at $18.8 Billion for FY25
The International Monetary Fund (IMF) has projected Pakistan’s gross external financing needs at $18.813 billion for the current fiscal year 2024-25, which represents 4.7 percent […]
Govt, Opposition Inch Their Way to Consensus
ISLAMABAD: The majority, except for the PTI, has agreed to alter the procedures for superior judges’ appointments. However, the special parliamentary committee still failed to […]
Data Manipulated for Sugar Export: ECC Approves Shipment of 500,000 Tons on Contradictory Summaries
ISLAMABAD: The government has approved the export of an additional 500,000 metric tons of sugar based on heavily manipulated figures of available stocks and consumption […]
Oil Prices Surge 5% Amid Supply Concerns
HOUSTON: Oil prices experienced a significant increase on Thursday, with heightened attention on key producing countries in the Middle East and growing concerns that an […]