Before seeking final dates for the second review of the ongoing IMF loan programme, the government has convened a special meeting of the Economic Coordination Committee (ECC) on Monday (today) to discuss and clear an unprecedented surge of 3,900 per cent in fixed monthly charges and a 194pc hike in consumer rates for natural gas. These price adjustments, set for cabinet’s ratification on Tuesda
Once a profitable entity and the pride of a nation, the national flag carrier’s fortunes plummeted to an all-time low on Sunday, when its operations ground to a halt yet again, due to a lack of fuel. While Pakistan International Airlines (PIA), suffering losses to the tune of Rs750 billion, is no stranger to recurring crises, the current situation is probably the most dire in recent years as 77
Profit-takers held sway over the stock market on Wednesday as investors chose to cash in their earlier gains. Topline Securities Ltd said banking, auto and IT stocks performed well while some energy heavyweights put a dent to the index of the representative shares listed on the national bourse. Furthermore, the rupee experienced a second day of depreciation against the dollar before settling
Chinese President Xi Jinping announced eight major steps to support high-quality cooperation, in his speech at the opening ceremony of the third Belt and Road Forum on Wednesday. Here are the highlights: Multidimensional network China will build a multidimensional connectivity network, speeding up the development of the China-Europe Railway Express, participate in the trans-Caspian internati
Engro Polymer and Chemicals Ltd said on Wednesday its earnings for July-September increased 17 per cent year-on-year to Rs2.6 billion. Arif Habib Ltd said the company’s net income also increased 69pc from the preceding quarter due to higher sales volumes and a lower tax charge. Along with the result, the company also announced a cash dividend of Rs2.50 per share, taking the nine-month pay-ou