Deputy Prime Minister/ Foreign Minister Ishaq Dar on Saturday chaired the meeting of the Cabinet Committee on Inter-Governmental Commercial Transactions Act (CCIGCT). Participants included members of the Committee, the Minister for Petroleum and the Minister for Privatisation besides federal secretaries of various ministries and divisions, Foreign Office Spokesperson said in a press conference. CCIGCT was […]
Business
Minister assures full support to Azerbaijan’s investors
Federal Minister for Privatization Abdul Aleem Khan has assured full support and facilitation to Azerbaijani investors through relevant institutions. He was talking to Azerbaijan’s Ambassador to Pakistan, Khazar Farhadov in Islamabad. Both the sides also discussed strengthening economic relations between Pakistan and Azerbaijan, creating more investment opportunities and exploring mutual development prospects.
Pakistan-Saudi business Collaboration gains momentum at Jeddah Chamber
Federal Minister for Commerce Jam Kamal Khan met with the Jeddah Chamber of Commerce and Industry to discuss opportunities for strengthening trade and investment ties between Pakistan and Saudi Arabia. The meeting focused on enhancing bilateral trade, boosting investment, and fostering long-term economic collaboration, said a press release issued here on Friday. During the discussion, […]
Pakistan to renegotiate Qatar LNG deal amid high costs, paper says
Pakistan will renegotiate a liquefied natural gas (LNG) supply pact with Qatar, seeking better terms, The News newspaper said on Friday, citing the petroleum minister. An economic crisis has slashed power use in Pakistan, which gets more than a third of its electricity from natural gas, saddling it with excess capacity it still needs to […]
Gold prices up by Rs 1,346 per tola to Rs.300,046
The price of 24 karat per tola gold increased by Rs.1,346 and was sold at Rs 300,046 on Friday against its sale at Rs 298,700 on previous trading day, All Sindh Sarafa Jewellers Association reported. The price of 10 grams of 24 karat gold also increased by Rs.1,154 to Rs.257,241 from Rs. 256,087 whereas that […]
Rupee gains 10 paisa against dollar
Pakistani rupee on Friday appreciated by 10 paisa against the US dollar in the interbank trading and closed at Rs279.04 against the previous day’s closing of Rs279.14. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.60 and Rs 281.10, […]
Cash-strapped PIA approves salary increase for employees
The Board of Directors of Pakistan International Airlines (PIA) on Friday gave principle approval for cadre-wise salary adjustments for its employees. According to statement released by the PIA spokesperson, the decision was made in response to rising inflation. “The last salary increase for PIA employees was made four years ago, after which the rising inflation […]
Kitchen Items’ prices decrease by 0.21pc
The weekly inflation, measured by the Sensitive price Indicator (SPI), went down by 0.21 percent for the combined consumption groups during the week ended on February 6, the Pakistan Bureau of Statistics (PBS) reported on Friday. According to the PBS data, the SPI for the week under review in the above-mentioned group was recorded at […]
Tanveer chairs meeting to review sugar production, demand
Minister for Industries and Production Rana Tanveer Hussain on Friday chaired the Sugar Advisory Board meeting to review the production and demand of sugar in the country. The meeting was attended by Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial and other senior officials, said a news release. The minister emphasized the need for […]
Pakistan’s Citi Pharma to venture into real estate sector
Citi Pharma Limited (CPHL), a Pakistani pharmaceutical company, has decided to venture into the real estate sector with the formation of Citi REIT Management Company, its wholly owned subsidiary. The pharmaceutical shared the development in a notice to the Pakistan Stock Exchange (PSX) on Friday. The Board of Directors (BoD) of the pharmaceutical has approved […]