The Public Sector Development Programme (PSDP) has flattened to just Rs148 billion in the first half of the current fiscal year against revised allocation of Rs1.1 trillion amid substantial revenue shortfalls and the government’s tight control over disbursements to meet requirements of the International Monetary Fund (IMF). According to half-yearly (July-December 2024) data released by the Mini
The commercialisation of Gwadar Port, built more than a decade ago, remains a non-starter, turning the multi-billion-dollar infrastructure facility into a white elephant instead of becoming a transhipment hub. This was the gist of a high-level meeting on the operationalisation of Gwadar Port called on the directives of the prime minister and presided over by Planning and DevÂelopment Minister A
The Pakistan Stock Exchange (PSX) saw a significant decline today, with the KSE-100 index shedding 1,840.96 points, or 1.58%, to current index at 114,414.16 during intra day trading. The index reached a high of 116,843.41 points during the day but ultimately failed to maintain its upward momentum, dipping to the low of 114,414.16 points by the end of trading. Despite the negative movement in
Gold prices continued to rise on Tuesday, with a significant increase in both international and local markets. According to reports, the price of gold in the international bullion market increased by $10 per ounce, reaching a new level of $2642. As a result, the price of 24-carat gold per tola in the local markets also rose by Rs 1000, reaching Rs 276,000. Additionally, the price of 10 grams
Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) Vice President Zafar Iqbal on Tuesday stressed the importance of collaborative measures with China's chemical industry to enhance Pakistan's competitiveness. Speaking during a think-tank session with PCJCCI executive committee members, Iqbal highlighted Pakistan's lack of advanced technology to establish petrochemical complex facili