A comprehensive Workplace Safety Programme (WSP) is being launched in Pakistan by the signatories to the International Accord for Health and Safety in the Textile and Garment Industry, a move that will support the country to boost its textile sector. The programme will cover Pakistan’s garments and textile suppliers, helping the country improve the industry like that of Bangladesh and other sig
Oil prices were largely unchanged in early Asian trade on Thursday as traders weighed optimism over China’s demand outlook against the possibility of further interest rate hikes from global central banks. Brent crude futures were up one cent at $82.71 per barrel at 0121 GMT while US crude futures fell four cents to $77.24. The market was bolstered by projections from the International Energy
Remittances sent by overseas Pakistanis declined by 14 per cent in November this year. The inflows fell by 9.6 per cent during the first five months of the current fiscal year (FY23). The latest data released by the State Bank on Wednesday showed that the remittances kept falling and declined to $2.1 billion in November from $2.5bn during the same month last year. The inflows declined by 5pc co
The United States Federal Reserve moderated its all-out campaign to cool inflation on Wednesday, lifting the benchmark lending rate by a half percentage point though warning there is still “some ways to go”. America’s central bank has taken aggressive moves to ease demand in the world’s biggest economy, hiking rates seven times this year with interest-sensitive sectors like housing already reel
Share prices rose on Tuesday as investors reacted to the positive triggers of Saudi financial support package and flood-related assistance from Asian Development Bank. JS Global said investors carried out buying in selected stocks, which lifted the overall market sentiments. The news about the finalisation of the draft for upgrading the local refineries helped stocks in the refinery sector r