Exporters stop yarn sales due to depreciating dollar
The exporters in Pakistan have halted yarn sales as the falling dollar prices have led to higher availability of the raw material at cheaper...
Swat motorway tunnels by FWO set a new trend in Pakistan
Prime Minister Imran Khan unveiled the plaque to mark the inauguration of these new tunnels on Swat Motorway and also inspected these three newly...
Gas companies ask for 220pc hike in prices
Lahore-based Sui Northern Gas Pipelines has filed formal petitions with the Oil and Gas Regulatory Authority (Ogra), asking for prescribed price for the next...
WAPDA pledges to add 11MAF water to national storage
“Cognisant of the value of water for survival of life as well as progress and prosperity of human beings, we are committed to optimal...
Engro becomes Karachi United’s official team sponsor
Engro Corporation Limited, Pakistan's premier conglomerate, has become the official sponsor of Karachi United (KU) football team to support community development and social uplift...
ECC may halt payments to IPPs
The Economic Coordination Committee (ECC) might withhold payments worth millions of rupees to the independent power producers (IPPs) after an investigation conducted by NAB....
Pakistan’s cellphone imports rise to $1.3bn
According to the data released by the Pakistan Bureau of Statistic (PBS) on Tuesday, Pakistan’s cellphone imports went up by 51.5 per cent to...
Textile exports decline by 3.1 percent in February
Textile and clothing exports decreased in February from a year ago owing to a decline in value-added exports declared the official data released by...
Freight rates increase by 700% across the globe
According to reports, the 700% increase in international freight rates for the sea, rail, and air routes is being linked to abnormal growth in...
CCOE approves circular debt mitigation plan
The CCOE approved debt mitigation plan which covers the period FY21 to FY23 aims to cut the flow of circular debt from the current...
GGPL to invest $94.04 million in virtual LNG pipeline from Gwadar
According to a senior GGPL executive, Gwadar GasPort Limited (GGPL) has decided to invest $94.04 million in a ‘virtual pipeline’ to transport imported liquefied...
Moody’s says most economies won’t be able return to pre-pandemic activity levels until 2022
In the year since the World Health Organisation (WHO) declared COVID-19 a pandemic on March 11, 2020, the virus has disrupted the global economy...