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DW
May 18, 2024

China tries drastic measures to boost ailing property sector

Property and construction accounts for more than a quarter of China’s gross domestic product, but the sector has been under unprecedented pressure since 2020, when authorities tightened developers’ access to credit in a bid to cut debt.

Business

Shahzad Paracha
May 18, 2024

FBR inefficiencies put multimillion-dollar FDI at risk

The bureaucratic hurdles of the Federal Board of Revenue (FBR) have put Foreign Direct Investment (FDI) worth tens of millions of dollars at stake.

Business

Web Desk
May 17, 2024

Eight companies express interest in acquiring PIA

The Federal Minister for Privatisation, Board of Investment, and Communications, Abdul Aleem Khan, has announced the closure of the extended time period for submitting offers for the privatisation of Pakistan International Airlines (PIA).

Business

Web Desk
May 17, 2024

CM Maryam orders reduction in transport fares following petrol price drop

Chief Minister (CM) Maryam Nawaz has issued a directive to ensure a reduction in transport fares following the recent decrease in petroleum prices. She said that the benefits of the reduced fuel prices must be directly passed on to the public.

Business

Web Desk
May 17, 2024

Gold price drops by Rs600 per tola in Pakistan

Gold prices witnessed a decline in Pakistan on Friday, as 24-karat gold saw a decrease of Rs600, reaching Rs245,000 per tola. Notably, this reduction places the price Rs4,000 below its actual cost for today.

Business

Web Desk
May 17, 2024

PSX closes week at new record high of 75,342

Pakistan Stock Exchange’s (PSX) leading indicator, the KSE-100 index, concluded Friday’s trading session on a high note, achieving a new pinnacle at 75,342.35, marking a noteworthy uptick of 411.65 points or 0.55 per cent.

Business

Web Desk
May 17, 2024

Weekly inflation declines for fifth consecutive week in Pakistan

The Weekly Sensitive Price Indicator (SPI) for the Combined Group in Pakistan has shown a decline, decreasing by 1.06 per cent week-on-week (WoW) during the week ending on May 16, 2024.

Business

Web Desk
May 17, 2024

Pakistan’s current account surplus climbs to $491 million

Pakistan’s current account recorded a surplus of $491 million in April 2024, according to the latest data released by the State Bank of Pakistan (SBP).

Business

Web Desk
May 17, 2024

Interbank closing: PKR gains 19.5 paisa against USD

The Pakistani rupee (PKR) experienced a minor depreciation of approximately 9 paisa against the US dollar (USD) this week, closing at PKR 278.21 per USD, down from last week’s closing rate of PKR 278.12 per USD.