Business

Power sector bleeds $1bn annually…

ISLAMABAD: Pakistan’s power distribution companies (Discos) are facing a financial crisis, haemorrhaging around $1 billion annually due to rampant line… Read more

IMF review mission set to visit…

ISLAMABAD: The review mission of the International Monetary Fund (IMF) is set to visit Pakistan in the first week of the next month for holding review… Read more

Rupee falls in open market after…

KARACHI: Following the removal of the unofficial cap on the greenback, the rupee fell further against the dollar on Wednesday, depreciating almost 1%.… Read more

Stocks drop with eyes on China,…

Stock markets fell Wednesday following weak Chinese data and as traders assessed results of US midterm elections. The dollar rose strongly versus the… Read more

Pakistan earns $541 million from…

Pakistan earned US $541.030 million by exporting different travel services in various countries during the twelve months of the fiscal year 2021-22. This… Read more

Weekly inflation goes up by 3.35…

The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on August 18 for the combined consumption group, witnessed an increase of… Read more

Basmati rice declared Pakistani…

In a major positive development for Pakistan in the domain of trade and commerce, Australia and New Zealand have acknowledged and declared valuable long-grain… Read more

Gold up again in Pakistan as international…

Following two days of decline, the gold rate in Pakistan was up again on Saturday in line with an increase in the international market. Data provided… Read more