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Business
Tech company enters PSX GEM board
KARACHI:
An IT and telecommunication company has successfully raised equity financing worth Rs475 million by auctioning 18.81% stake to institutional and rich individual investors at thePakistan Stock Exchange (PSX).
Supernet Limited…
WB wants end to ‘unsustainable’ energy subsidies
ISLAMABAD:
The World Bank has made improved economic growth projections for Pakistan but sees deterioration in the external debt repayment capacity and called for urgent measures to avoid risks of running large fiscal and current account…
Gold gains Rs350 per tola as soaring inflation lifts appeal
Business Reporter
KARACHI: Gold price in Pakistan recorded gains on Wednesday after a massive plunge of Rs4,300 per tola in the last three sessions as sentiments improved in the international market after the Russia-Ukraine conflict…
Earliest-known galaxy offers clues about primordial universe
Astronomers have discovered what may be the earliest and most distant galaxy ever observed, one that formed relatively soon after the Big Bang event that marked the origin of the universe and may be populated by the novel first generation…
Traders seek business friendly environment
KARACHI:
The key focus of the incumbent government should be to take strong measures aimed at creating a business friendly tax environment in the country, said Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Shakeel…
Great potential for boosting Sino-Pak trade
BEIJING:
The statistics, released by the General Administration of Customs of China, show that Pakistan’s exports to China crossed $67 million in the first two months of 2022, which recorded a nearly 23% year-on-year increase.
In recent…
Economic challenges to persist: Fitch
KARACHI:
Despite the change in the political setup, the challenges remain the same and the problems of inflation, external risks and supply disruption are expected to loom large over Pakistan’s economy in the days to come.
“The recent…
Dollar climbs again, hits Rs.183.30
The US Dollar has soared again on Tuesday amid the political instability. According to the Forex Association of Pakistan, the dollar fell to Rs185.5 in the interbank market at 1:39 pm, down Rs1.1. The rupee had ended at 186.60 to the dollar…
ICCI slams SBP for making steep hike in benchmark interest rate
Muhammad Shakeel Munir, President, Islamabad Chamber of Commerce & Industry (ICCI) has slammed the decision of the State Bank of Pakistan (SBP) to make a steep hike of 2.5% in benchmark interest rate taking it to 12.25 percent and…
Breakthrough in agri machinery this season
BAHAWALPUR:
Under the National Research Centre for Intercropping, jointly established by Sichuan Agricultural University and the Islamia University of Bahawalpur, spring sowing in the demonstrative plots of maize-soybean strip…