Prime Minister Muhammad Shahbaz Sharif has directed the Power Division to formulate comprehensive and effective policy recommendations aimed at boosting the country’s industrial production through efficient utilisation of electricity resources. The prime minister gave the directives while chairing a review meeting on Power Division’s reform package for the industry and agriculture sector, read
Volatility was observed at the Pakistan Stock Exchange (PSX) on Friday, with the benchmark KSE-100 Index losing over 300 points during the trading opening hours. At 10:25am, the benchmark index was hovering at 164,096.19, a decrease of 348.52 points or 0.21%. Selling was observed in key sectors including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs
Chinese state media on Thursday issued a seven-point rebuttal to US calls for Beijing to wind back its rare earth controls, as both sides struggle to move beyond a volley of barbs and accusations of blindsiding the other. US Trade Representative Jamieson Greer on Wednesday called China’s new rare earth export restrictions “a global supply-chain power grab,” and suggested Beijing could stave off
International Monetary Fund chief Kristalina Georgieva on Thursday urged member countries to keep trade as an engine of growth for the world economy despite President Donald Trump’s steep new tariffs, warning that a larger-scale trade war could have negative consequences. Georgieva, speaking to reporters at the annual meetings of the IMF and World Bank, mapped out a sober view of a global econo
Finance Minister Muhammad Aurangzeb has met with his Saudi counterpart Mohammed Al-Jadaan in Washington DC and briefed him on the privatization of the state-owned Pakistan International Airlines (PIA) and airports as Islamabad seeks “strategic investments,” the finance ministry said on Thursday. The meeting between Aurangzeb and the Saudi finance minister took place on the sidelines of the Worl