The MoU was signed by Eduard-Robert PREDA, Charge D’Affaires, Embassy of Romania to the Islamic Republic of Pakistan, and Chairman of PRBC, Sohail Shamim FIRPO, and recognized the outstanding services rendered by PRBC since 2011 in promoting bilateral trade between the two countries. The agreement establishes a framework for cooperation between the Embassy of Romania […]
Brent crude prices fell by 38 cents, or 0.5%, to $84.73 a barrel by 0035 GMT. U.S. West Texas Intermediate crude futures fell 50 cents, or 0.6%, to $82.32 a barrel. Every week, Brent crude was down 0.3% while WTI was trading marginally higher after slipping as much as 0.2% on Friday. The U.S. dollar […]
The KSE-100 index gained 684 points to close at an all-time high of 81,839 points, a new historical high. Meanwhile, the market capitalization increased by Rs. 23 billion, with 454 million shares traded. A total of 241 companies witnessed an increase in their shares, while 155 companies saw a decline. Earlier on Monday, the KSE-100 […]
According to the report, the debt volume is expected to decrease from 77% to 70% of the country’s GDP. The report also states that 62% of Pakistan’s revenue will be spent on debt repayment in the current fiscal year. Additionally, the report predicts that inflation will remain high in Pakistan in the current fiscal year. […]
Instead, data from the European Automobile Manufacturers’ Association (ACEA) showed that the modest 4.4 percent overall growth in the sales of new cars in Europe came primarily from hybrid vehicles. Sales of hybrids, not including plug-in hybrids, rose by 21 percent to just over 2 million, or nearly 30 percent of the market. Sales of […]
According to sources, the government of Pakistan has expedited the process of privatizing First Women Bank, and the UAE government has shown interest in the privatization of the bank, sources added. Sources said that efforts have been made for a government-to-government privatization plan for First Women Bank since February 2024. The privatization of First Women […]
It also warned on profit and scrapped its dividend, sending its shares to their lowest in more than a decade. A slowdown in the luxury sector has hit the 168-year-old name harder than rivals as customers were largely unimpressed by a style shift that aimed to expand beyond classic trench coats and accessories and command […]
According to a statement, the Pakistan Telecommunication Authority (PTA) invited bids through advertisements published in national and international media and on the PPRA website. PTA will shortlist the firms and accordingly RFP will be issued to the shortlisted consultants, according to a news release. International Mobile Telecommunications Spectrum The EOI for the consultancy on the […]
The Shehbaz Sharif-led government and the IMF reached a three-year, $7 billion aid package deal on Saturday, providing much-needed respite to the nation. This agreement marks a critical step towards stabilizing Pakistan’s economy, which has been under severe strain. Moody’s commented that the new IMF programme would enhance Pakistan’s (Caa3 stable) funding prospects. However, Moody […]
According to sources, LESCO has issued a notification to lift the ban on green meters for solar systems. According to the notification, the temporary installation of bi-directional green meters is permitted until October 15. The notification said consumers will be given a No Objection Certificate (NOC) for bi-directional green meters for solar systems. It is […]
