The Central Development Working Party (CDWP) on Thursday cleared four development projects with an estimated cost of Rs138.66 billion in the areas of transport & communications, energy and physical planning and housing including a cross-border road project. The CDWP meeting presided over by Deputy Chairman Planning Commission Dr Jehanzeb Khan approved one project on its own at an estimated cost
Trade and industry leaders said that the Rs13.55 per litre increase in petrol price will hit all segments of society and multiply the financial woes of the general public. They said they were expecting a Rs5-9 per litre hike but it was unfair on the part of the government to blatantly raise the price. Karachi Chamber of Commerce and Industry (KCCI) President Iftikhar Ahmed Sheikh said the i
Merchandise exports grew for the fifth consecutive month in January, reaching a 17-month high, indicating a recovery of export-led industrial growth. In absolute terms, export proceeds in January totalled $2.78 billion, up 27 per cent from $2.19bn the previous year, according to data from the Ministry of Commerce released on Thursday. Commerce Minister Gohar Ejaz noted that these positive tr
The Pakistan Stock Exchange (PSX) on Wednesday managed modest gains, a day after losing 900 points as foreign selling eased. On Tuesday, the stock market had posted another major decline of 1.5 per cent due to investor concerns over political noise and security unrest in the country. It was the fourth consecutive drop on the market, with the KSE-100 index having lost nearly 3,000 points since
The Pakistan Stock Exchange (PSX) on Wednesday managed modest gains, a day after losing 900 points as foreign selling eased. On Tuesday, the stock market had posted another major decline of 1.5 per cent due to investor concerns over political noise and security unrest in the country. It was the fourth consecutive drop on the market, with the KSE-100 index having lost nearly 3,000 points since