Big industries turn around with 3.9% output growth

Karachi: Pakistan’s big manufacturing industries including readymade garments, fertiliser and iron and steel have surprisingly turned around as their output grew 3.9% in August compared to July, ending a four-month downtrend. ...

Refineries ask PM to clear hiccups in upgrade

ISLAMABAD: Five refineries, one oil pipeline, and 22 oil marketing companies (OMCs), under the platform of Oil Companies’ Advisory Council (OCAS), have sought intervention of Prime Minister Shehbaz Sharif for removal of hurdle...

18-Jan-2025 Read More

Govt announces plan for rightsizing five more ministries

ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb announced on Friday that during the fourth wave, five ministries namely Ministry of Communications, Ministry of Railways, Ministry of Poverty Allevia...

18-Jan-2025 Read More

ECC approves Rs935.8m salaries for PSM employees

ISLAMABAD: In a bid to reduce the prices per unit, the Economic Coordination Committee (ECC) of the cabinet Friday approved that the baseline tariff of electricity would be determined and notified in January instead of July ever...

18-Jan-2025 Read More

IMF revises Pakistan GDP forecast for FY25 down to 3%

ISLAMABAD: The IMF has revised its GDP growth projection for Pakistan and stated that Islamabad is projected to touch GDP growth rate at 3 percent against officially envisaged target of 3.5 percent for the current fiscal year. ...

18-Jan-2025 Read More

Pakistan, KSA eyeing Reko Diq deal in ‘next few months’

ISLAMABAD: Pakistan and the Kingdom of Saudi Arabia (KSA) are moving towards finalising the nitty-gritty of the multibillion dollar Reko Diq project in the next few months.In another relevant development, the revised valuation o...

18-Jan-2025 Read More