PM Shehbaz Affirms Abundant Wheat Supply, Vows Action Against Hoarders
ISLAMABAD: Prime Minister Shehbaz Sharif announced on Tuesday that Pakistan has an ample supply of wheat to meet domestic needs, emphasizing a strict stance...
Business
Gold Prices Surge by 900 Rupees in Pakistan Amid Economic Uncertainty
KARACHI: The price of gold in Pakistan has increased by 900 rupees per tola, reaching a new high of 440,836 rupees. This surge in...
PM Shehbaz and EU Commissioner Discuss Migration Cooperation in Islamabad
ISLAMABAD: Prime Minister Shehbaz Sharif met with European Union Commissioner for Internal Affairs and Migration Magnus Brunner on Tuesday to enhance cooperation between Pakistan...
IMF Projects Pakistan’s FY27 Growth at 3.5% Amid Rising Inflation Concerns
ISLAMABAD: The International Monetary Fund (IMF) has projected Pakistan’s economic growth at 3.5% for the current fiscal year, while inflation is expected to remain...
Elon Musk’s Wealth Surges by $22 Billion, Exceeds $1 Trillion Again
WASHINGTON: Elon Musk, one of the world’s wealthiest individuals, saw a remarkable increase in his fortune, gaining approximately $22 billion in a single day....
Governor’s Rule in Khyber Pakhtunkhwa Deepens Investor Concerns Amid Market Decline
KARACHI: The recent imposition of governor’s rule and a state of emergency in Khyber Pakhtunkhwa, governed by the Pakistan Tehreek-e-Insaf (PTI), has further destabilized...
Banks Ordered to Compensate Rs1.2 Billion Amid Rising Fraud Concerns
KARACHI: The Banking Mohtasib Pakistan, Sirajuddin Aziz, has announced that banks are required to pay a total of Rs1.2 billion to clients affected by...
KPT Launches Direct MSC Europe Service to Enhance Shipping Efficiency
KARACHI: The Karachi Port Trust (KPT) is set to launch a new direct shipping service to Europe, commencing on October 26, as part of...
Government Cuts Foreign-Funded Project Portfolio by Over Half Amid Funding Shortage
ISLAMABAD: The government announced on Monday a significant reduction in its foreign-funded project portfolio, slashing it from Rs537 billion to Rs255 billion due to...
HSBC to Eliminate Fixed-Pay Allowances by 2028 in Major Overhaul
LONDON: HSBC Holdings plc has announced a significant restructuring of its compensation framework, planning to phase out fixed-pay allowances by 2028. This decision aims...