Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry on Wednesday invited Kazakh investors to explore joint ventures at Pakistani ports, including opportunities in Gwadar’s free zones to enhance Kazakhstan’s access to regional and international trade markets. The minister made the remarks during a meeting with an 11-member Kazakh delegation led by Timur Turlov, chief executive o
Buying returned at the Pakistan Stock Exchange (PSX) as investors seek comfort over US President Donald Trump’s decision to pause a planned attack on Iran, with the benchmark KSE-100 Index gaining over 2,300 points during the opening minutes of trading on Tuesday. At 9:35am, the benchmark index was hovering at 164,162.04, up by 2,357.02 points or 1.46%. Buying interest was observed in key se
Asian shares wobbled on Tuesday while bonds found their footing following a steep selloff after US President Donald Trump’s decision to pause a planned attack on Iran and his claim there was a good chance of a nuclear deal sent oil prices lower. Trump said on Monday he had paused a planned attack against Iran to allow for negotiations to take place on a deal to end the war, after Tehran sent
Finance Minister Muhammad Aurangzeb Monday assured the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) of relief measures focused on export facilitation, tax reforms, digitization, and automation aimed at easing compliance and improving services for taxpayers and businesses. Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting at the Finance Divi
The Asian Development Bank (ADB) is likely to approve a financing facility of around USD 1.2 billion for the rehabilitation of Pakistan Railways’ Main Line-1 (ML-1) project from Karachi to Rohri section, for which the bank is also planning to bring in other development partners as co-financiers. This was revealed by well-placed sources while talking to Business Recorder. Speaking about ADB-s