Cabinet members have urged Prime Minister Shehbaz Sharif to introduce uniform gas prices in a bid to do away with alleged favouritism, which benefitted certain manufacturers. At present, different gas prices are being charged from urea manufacturers. Some are paying lower tariffs whereas some others are asked to pay higher rates. However, all manufacturers are receiving same prices for ferti
Foreign loan disbursements dropped 43% to $3.6 billion in the first five months of the current fiscal year due to slower-than-expected releases, showed the official statistics on Monday. Against loans of $6.4 billion received during the July-November period of last fiscal year, Pakistan got $3.6 billion from bilateral and multilateral creditors during this fiscal year, according to figures repo
Bullish momentum continued at the Pakistan Stock Exchange (PSX) as shares climbed more than 4,000 points on Monday. The benchmark KSE-100 index climbed 3,021.94, or 2.76 per cent, to stand at 112,535.08 points from the previous close of 109,513.14 at 11:18am. At 2:46pm, the index stood at 113,874.01, up by 4360.87 points or 3.98pc, from the last close. Finally, the index closed at 113,924.41
Technology companies continue to hold most of the top spots in the annual Management Top 250 ranking of America’s best-run companies, with Apple unseating Microsoft at No. 1. The Management Top 250 ranking compares companies using the late management guru Peter Drucker’s principles to identify the most effectively managed businesses. This year, 842 companies were graded in five categories (custome
Former Senate chairman Raza Rabbani on Monday condemned the formation of an eight-member committee for the revision of existing or grant of new allowances to government servants, calling it “double standards on the part of the finance minister”. Despite a shortfall in revenue collection, the government has started working on offering lucrative allowances to its employees, in addition to a salar