Browsing Category
Business
OGDCL Completes Jhal Magsi Development Project in Balochistan as per Prime Minister’s Instructions
ISLAMABAD: In compliance with Prime Minister Muhammad Shehbaz Sharif’s instructions for the fast-track development of Jhal Magsi district, Oil and Gas Development Company Limited (OGDCL) has announced the successful completion and…
Stocks rally as KSE-100 crosses 62,000 milestone
Karachi: The Pakistan Stock Exchange (PSX) maintained a fast race on the first day of the week as it violated 62,000 milestones during intra-day trading.
According to the PSX website, the benchmark KSE-100 index rose to 10 a.m.…
November inflation to spike on gas price adjustment, dashing slowdown hopes
KARACHI: Inflation is expected to surge in November, primarily due to a massive hike in gas prices, according to brokerage reports released on Wednesday.
The consumer price index (CPI), which measures changes in the prices of goods and…
Chinese giant BYD mulls investment in Pakistan’s EV sector
Islamabad: Chinese electric vehicle (EV) maker BYD, which is a fierce competitor to Tesla, The News reported Friday that Pakistan is considering investing in the fledgling EV sector and in talks with the government and potential local…
The “mysterious” $258 million increase in Pakistan’s forex reserves
Data released by the State Bank of Pakistan (SBP) on Thursday evening showed that Pakistan’s foreign exchange reserves for the week-ending January 13 stood at a level of $10.443 billion.
This was up by $255.8 billion from the previous…
Bitter tablets: Today, the government will approve a mini budget with new taxes.
The government is attempting to meet a number of stringent requirements imposed by the International Monetary Fund (IMF) in order to release the next tranche of its extended fund facility, and the mini-budget aims to significantly increase…
Protest over delayed clearance of imported cotton threatens the textile industry.
LAHORE: The News reported on Friday that the owners of textiles threatened the government with a protest over the delay in the clearance of imported cotton containers at the Karachi port as Pakistan struggles to replenish its diminishing…
Biden says Musk’s foreign ties ‘worthy’ of scrutiny
“I think that Elon Musk’s cooperation and/or technical relationships with other countries is worthy of being looked at,” Biden said, answering a question from a reporter after a long pause.
“Whether or not he is doing anything…
Apple says iPhone production hit by China Covid lockdown
Foxconn, Apple’s principal subcontractor, locked down its massive factory in Zhengzhou last month after a spike in infections – in line with China’s zero-Covid policy.
In a separate statement Monday, the Taiwanese firm said its fourth…