ISLAMABAD : An important development is that China has once again given Pakistan another year to repay the $2 billion debt. The initial date of the debt’s maturity was March 24. The extension will assist Pakistan bolster its foreign exchange reserves, Ministry of Finance sources told The Express Tribune, confirmingRead More →
Karachi (A News) – K-Electric has filed an application with the National Electric electricity Regulatory Authority (NEPRA) to reduce electricity tariffs. The firm has requested a decrease of Rs4.95 per unit due to fuel cost adjustments. If the plea is allowed, Karachi’s energy users would receive Rs4.94 billion in relief.Read More →
ISLAMABAD (APP) Senator Muhammad Aurangzeb, the federal minister of finance and revenue, said on Tuesday that growing the country’s exports from $30 billion to $60 billion over the next five years is critical for the country’s long-term economic viability. The finance minister stated that great progress has been accomplished inRead More →
ISLAMABAD (APP) – Pakistan and Turkey signed multiple Memorandums of Understanding (MoUs), protocols, and cooperation agreements on Thursday to strengthen bilateral ties in a variety of sectors during Turkish President Recep Tayyip Erdogan’s visit to Pakistan. Prime Minister Shehbaz Sharif and President Recep Tayyip Erdogan watched the exchanging of agreementsRead More →
DAVOS (Web Desk) Finance Minister Muhammad Aurangzeb stated on Tuesday that Pakistan has finalized terms for a $1 billion loan from two Middle Eastern banks. The loans, which have an interest rate of 6 to 7 percent, include a bilateral agreement and a trade finance arrangement, both with short termsRead More →
Qatar Airways has closed its offices in Pakistan as part of a cost-cutting initiative. Despite the shutdown of these offices, the airline announced that flights will continue as scheduled. According to sources, the airline’s move to close its offices would not effect flight operations, but will have an impact onRead More →
NEW YORK (AP)— Stock indices finished mixed on Wall Street Thursday, with advances in some heavyweight technology and telecom sectors offsetting gains elsewhere. The S&P 500 dipped less than 0.1% after fluctuating between minor gains and losses throughout the day. The little loss broke the benchmark index’s three-day winning streak.Read More →
ISLAMABAD: Pakistan’s exports increased significantly in the fiscal year 2023–24 as a result of the Special Investment Facilitation Council’s (SIFC) activities. The Pakistan Bureau of Statistics reported that, in comparison to the previous fiscal year, exports of Pakistani goods increased by 10.54% to $30.64 billion. FY 2024 imports fell byRead More →
ISLAMABAD (APP) Deputy Prime Minister and Foreign Minister Ishaq Dar stated on Wednesday that Pakistan has a big potential to join the G-20 with fundamental reforms to its economy. He stated that the administration is firmly dedicated to structural reforms in the country’s economy, including capital market and corporate sectorRead More →
(Web Desk) – McDonald’s reported an unexpected drop in global sales on Monday, its first decline in 13 quarters, as bargain-hunting customers avoided higher-priced menu items like Big Macs. Persistent inflation has forced lower-income consumers to look for cheaper food options at home. As a result, fast food chains suchRead More →
