Asian Development Bank Finalizes $1.1 Billion Investment for ML-1 Modernization
ISLAMABAD: The Asian Development Bank (ADB) is set to finalize a $1.1 billion investment program aimed at enhancing the efficiency, safety, and sustainability of...
Business
Government Raises Treasury Bill Yields, Surpassing Policy Rate Significantly
KARACHI: The government has raised the cut-off yields on treasury bills by up to 75 basis points, exceeding the State Bank of Pakistan’s policy...
Ogra Announces 8% Hike in LPG Prices Ahead of Winter Season
ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has announced an eight percent increase in liquefied petroleum gas (LPG) prices, effective October, raising the...
IHC Demands Report on Seven-Year Moratorium Affecting New OMCs
ISLAMABAD: The Islamabad High Court (IHC) has requested a detailed report from the Oil and Gas Regulatory Authority (Ogra) regarding the ongoing moratorium on...
FBR Exposes Rs9.41 Billion Wealth Fraud Amid Taxpayer Revisions
ISLAMABAD: The Federal Board of Revenue (FBR) has uncovered a significant fraud involving taxpayers who illegally amended their wealth statements to declare unexplained assets...
Pakistan Surpasses Revenue Targets, Prepares for IMF Subsidy Shift
ISLAMABAD: Pakistan has exceeded its first-quarter revenue targets, demonstrating resilience amid economic challenges, as it engages in ongoing discussions with the International Monetary Fund...
Pakistan Stock Exchange Sees KSE-100 Index Surge by 369 Points to Near 170,000
KARACHI: The Pakistan Stock Exchange (PSX) experienced a modest recovery on Wednesday, with the benchmark KSE-100 Index rising by 368.92 points, or 0.22%, to...
UK Energy Bills Set for Largest Increase in Four Years Amid Crisis
LONDON: UK households are bracing for the largest rise in energy bills in four years, driven by ongoing supply shortages and escalating geopolitical tensions....
China Extends US Trade Barrier Investigations to December 27 Amid Talks
BEIJING: China has announced an extension of its investigations into trade barriers imposed by the United States, now set to conclude on December 27....
US Inflation Rate Increases Less Than Anticipated Amid Economic Recovery
WASHINGTON: The latest data reveals that the US inflation rate has risen less than expected, providing a glimmer of hope for consumers and policymakers...