The mobile phone manufacturers have slammed the government for not abiding by their words and policies, which was essential to invite global giant like Apple to establish their unit in the country. Addressing a mobile device manufacturing summit here on Tuesday, the office bearers of Pakistan Mobile Phone Manufacturing Association (PMPMA) claimed that even iPhone was ready to come to Pakistan b
Amid a global economic slowdown, Pakistan’s exports of non-textile products decreased 0.65 per cent year-on-year to $5.54 billion in the first half of FY23. The stagnation in export proceeds of the non-textile sector was noted since the start of the current fiscal year as demand slowed down in the buyers’ market. No growth was recorded in exports since September 2022 on a year-on-year basis, ac
Crude oil prices rebounded on Wednesday as demand recovery hopes in top importer China following its exit from Covid-19 pandemic curbs provided support after prices dropped in the previous session on concerns about global economic growth. Brent crude futures gained 59 cents, or 0.7 per cent, to $86.72 per barrel by 0214 GMT after falling 2.3pc in the previous session. US West Texas Intermediate
Prime Minister Shehbaz Sharif on Tuesday indicated that the government was finally ready to swallow the bitter pill of the International Monetary Fund’s (IMF) “stringent” conditions to revive the loan programme. The ruling Pakistan Democratic Movement (PDM) alliance was ready to sacrifice its political career for the sake of the country, he said, addressing the launch of ‘PM Youth Loan Scheme f
Shares at the Pakistan Stock Exchange (PSX) continued to rise for the second straight day on Tuesday, with analysts attributing the bounce back to a lower-than-expected increase in the benchmark policy rate. The benchmark KSE-100 index gained 509.56 points, or 1.33 per cent, to reach 38,942.79 points at 9:56am. Intermarket Securities’ Head of Equity Raza Jafri said the index was reacting pos