KARACHI: Business leaders in Karachi highlighted the critical role of the Safe City project in revitalising business activity and restoring investor confidence in the city, which serves as the economic engine of Pakistan. They argue that the implementation of a safe city initiative in Karachi holds the promise of transforming the city into a secure and business-friendly environment, akin to the
ISLAMABAD: The caretaker government has decided to change the gas priority order by placing the process industry at the top along with domestic consumers. It has also changed the priority order of the fertiliser sector by placing it in the second category along with the power sector. Earlier, the fertiliser industry was placed in the third category. The export-oriented industry was placed in
KARACHI: Pakistan’s US dollar-denominated Eurobonds and Sukuks staged an outstanding rally in global markets on Wednesday in the wake of ending the political deadlock over the formation of the government in the centre, outperforming emerging-market peers on the day. According to the data compiled and reported by JS Global Research, Pakistan’s foreign bonds spiked in the range of 1-6% on the day
ISLAMABAD: The federal government has decided to hire a new head of Pakistan’s Export-Import (Exim) bank amid a disclosure of discrepancy in the age of the incumbent president, which should have made him ineligible for the appointment four years ago. Sources in the Ministry of Finance told The Express Tribune that a decision has been made to expedite the process for the appointment of the chief
KARACHI: The US dollar appreciated by 21 paise to Rs279.57 against the rupee in the interbank market on Tuesday. The exchange rate has been stable for over two months with support from the State Bank of Pakistan which restricted imports. The market perception of the exchange rate is not as positive as it looks. Currency experts believe that the stable exchange rate is an outcome of a SBP’s s