News

In meeting with PM Shehbaz, China\'s Xi says will support Pakistan in stabilising its financial situation

China will continue to support Pakistan in stabilising its financial situation, state media quoted China’s President Xi Jinping as saying on Wednesday. China and Pakistan should move forward more effectively with the construction of the China-Pakistan Economic Corridor (CPEC), as well as accelerate the construction of infrastructure for the Gwadar Sea Port, state media reported Xi as saying.

In meeting with PM Shehbaz, China\'s Xi says will support Pakistan in stabilising its financial situation

China will continue to support Pakistan in stabilising its financial situation, state media quoted China’s President Xi Jinping as saying on Wednesday. China and Pakistan should move forward more effectively with the construction of the China-Pakistan Economic Corridor (CPEC), as well as accelerate the construction of infrastructure for the Gwadar Sea Port, state media reported Xi as saying.

In meeting with PM Shehbaz, China\'s Xi says will support Pakistan in stabilising its financial situation

China will continue to support Pakistan in stabilising its financial situation, state media quoted China’s President Xi Jinping as saying on Wednesday. China and Pakistan should move forward more effectively with the construction of the China-Pakistan Economic Corridor (CPEC), as well as accelerate the construction of infrastructure for the Gwadar Sea Port, state media reported Xi as saying.

Oil climbs on demand hopes after big drawdown in US crude stocks

Oil prices rose in early trade on Wednesday after industry data showed a surprise drop in United States crude stockpiles, suggesting demand is holding up despite steep interest rate hikes dampening global growth. Brent crude futures picked up 17 cents, or 0.1 per cent, to $94.82 a barrel at 0014 GMT, while US West Texas Intermediate (WTI) crude futures rose 26 cents, or 0.3pc, to $88.63 a barre

Business confidence drops to lowest level in Pakistan: survey

Entrepreneurs are getting increasingly pessimistic about the conditions of their businesses owing to the country’s political and economic situation, according to a Gallup Pakistan survey conducted in the ongoing quarter of 2022. The Gallup Business Confidence Index showed 65 per cent of business owners believe their businesses are facing bad conditions. Industrial machines businesses are doi