PEOPLE often ask which political party has the best track record of managing the economy and producing the best results. It is a tricky question to give a straightforward answer to, but if pressed, the most obvious reply would be ‘none of the above’. The reason is that all major parties have had their stint in power and yet Pakistan continues to be the most reliable client of the IMF, the insti
China has said it is ready to work with Pakistan to upgrade the China-Pakistan Economic Corridor (CPEC) and accelerate the building of an even closer China-Pakistan community with a shared future in the new era. Separately, caretaker Prime Minister Anwaarul Haq Kakar said after having achieved the first phase of CPEC, Pakistan is benefiting from its early harvest projects while remaining engag
The profit-after-tax (PAT) of Lucky Core Industries (LCI) surged by over 127 per cent to Rs2.5 billion for the three months ending Dec 31, 2023 from Rs1.1bn in the same quarter last year. The net turnover rose to Rs31bn from Rs25bn in the same period last fiscal year. The sales and PAT in the first half of FY24 stood at Rs60bn and Rs5bn versus Rs49.5bn and Rs2.76bn, up by 21pc and 54pc, respect
Ernst & Young, financial advisor for the privatisation of Pakistan International Airline Ltd (PIACL), on Thursday, presented a business plan forecasting the investment roadmap together with immediate funding requirements of the national carrier. Chairing a meeting Caretaker Minister for Privatisation Fawad Hasan made some suggestions to further rationalise the projections contained in the plan
Pakistan Railways Chief Executive Officer Ami Ali Baloch says the work on the flagship Main Line-1 (ML-1) will be launched this year, as the preparatory works are underway these days. “The work on the ML-1 project will be launched this year. The projects related to improvement in the existing railways track would also be launched soon,” he said while talking to people in an E-open court on Thur