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Green-light given for 20% hike in drug prices
ISLAMABAD: Inflation-hit people were given another shock on Friday when the Economic Coordination Committee (ECC) of the cabinet…
3,150 megawatts added to national grid
ISLAMABAD: Prime Minister Shehbaz Sharif’s government in Pakistan has added over 3,000 megawatts (MW) of electricity to the…
UAE investor acquires majority stake in Summit Bank
KARACHI: UAE-based investor Naseer Abdulla Hussain Lootah has acquired troubled Pakistani bank Summit Bank with the aim of…
Pak Suzuki announces yet another shutdown
KARACHI: Pak Suzuki Motor Company (PSMC) has announced yet another temporary shutdown of its automobile and motorcycle plants in…
Rupee hits one-month high at 283.39 to a dollar
KARACHI: Pakistani rupee ticked up 0.03%, or Rs0.08, on Wednesday and closed at a one-month high at Rs283.39 against the US dollar…
‘Risks to public debt remain high’
ISLAMABAD: The risks to Pakistan’s public debt remain high and any further exchange rate shock would persistently keep the debt…
Indus Motor’s profit dives 62% to Rs5.8 billion
KARACHI: Indus Motor Company (IMC) has announced a substantial drop of 62% in its net profit in nine months ended March 31, 2023.…
Russian oil slashes OPEC’s share of Indian market
NEW DELHI: OPEC’s share of India’s oil imports fell at the fastest pace in 2022/23 to the lowest in at least 22 years, as intake…
Blockade removed at NJ project tunnel
LAHORE: A significant development was made in relation to removing blockade at the tail race tunnel of 969-megawatt Neelum-Jhelum…
Water shortage looms over Kharif crops
ISLAMABAD: Pakistan’s water losses have exceeded its total storage capacity but a shortage of water in the early Kharif season is…