The automotive industry has urged the government to determine the sector’s future direction, warning that local manufacturing and the import of used cars cannot move together. In a letter to the ministries of finance, commerce, and industries, the Pakistan Association of Auto Parts & Accessories Manufacturers (Paapam) said that the industries and manufacturing sectors were the job providers,
US Treasury Secretary Janet Yellen said on Tuesday that the United States and Europe needed to respond to China’s industrial overcapacity in a “strategic and united way” to keep manufacturers viable on both sides of the Atlantic. Yellen told reporters during a visit to Frankfurt that G7 finance ministers shared US concerns about Chinese efforts to dominate clean energy industries, but did not n
Moving swiftly in the wee hours to meet the deadline given to the International Monetary Fund (IMF), the Oil & Gas Regulatory Authority (Ogra) on Tuesday determined up to 10 per cent reduction in the average prescribed price of natural gas while providing enough material to the government to increase consumer gas rates by about 87pc with effect from July 1. Ogra “determines the revenue requirem
On the call of Pakistan Kisan Rabita Committee, farmers held protest demonstrations in 30 different districts of the country demanding start of the purchase of wheat from growers and arrest of the people involved in the wheat scandal. In Punjab, the protests were held in Lahore, Multan, Bahawalpur, Vehari, Jhang, Pakpattan, Chiniot, Kasur, Khanewal, Bahawalnagar, Dera Ghazi Khan, Burewala, Chis
Pakistan Stock Exchange (PSX), with the commencement of new week, snapped its rising spree and came under significant selling pressure owing to over-leveraged investor positions, futures contract rollover and pre-budget uncertainty, resulting in a drop of over 250 points. In the morning, the KSE-100 index had a robust start as it spiked to the intra-day high of 75,618.49 points. However, it qui