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IMF board to meet today to decide on $3b loan agreement
The International Monetary Fund’s (IMF) executive board is set to meet on Wednesday to decide on endorsing the staff-level…
Projects worth Rs1.1tr approved
ISLAMABAD: On Tuesday, the government approved nearly Rs1.1 trillion for six projects, which include schemes for the installation…
HEC’s land to be handed to SPD
ISLAMABAD: The government has handed over Heavy Electrical Complex’s (HEC) land to the Strategic Plans Division (SPD).
Sources…
IMC strikes historic deal with Toyota Egypt
KARACHI: Indus Motor Company (IMC), a prominent player in Pakistan’s automotive industry, has achieved a significant milestone by…
Oil prices up by 2% to 10-week high
NEW YORK: Oil prices jumped about 2% to a 10-week high on Tuesday, boosted by a falling US dollar, hopes for higher demand in the…
Govt decides to sell HBFC
ISLAMABAD: The government on Monday decided to sell House Building Finance Company (HBFC) under a negotiated deal but deferred…
Startup funding plummets by 95%
KARACHI: The startup ecosystem in Pakistan has experienced a drastic decline in funding during the second quarter of 2023, marking…
Remittances decline by 14% in FY23
KARACHI: The inflows of workers’ remittances sent home by overseas Pakistanis experienced a significant slowdown, declining by 14%…
TERF criticism to spark capital flight
KARACHI: Investors in Pakistan seem to be cursed, literally. It has hardly been two weeks since the initial optimism following the…
CPEC projects garnered $25b direct investment
ISLAMABAD: The China-Pakistan Economic Corridor (CPEC), a flagship project of the Belt and Road Initiative (BRI), has witnessed…