PM Shehbaz Sharif Demands Urgent Action on Gemstone Sector Delays
ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday expressed his dissatisfaction with the ongoing delays in the pilot project for the gemstones and jewellery sector,...
Business
Pakistan Stock Exchange Recovers Slightly Amid Ongoing Political Uncertainty
KARACHI: The Pakistan Stock Exchange (PSX) experienced a partial recovery on Wednesday, regaining some of the losses incurred during the first two sessions of...
Oil Prices Surge Amid Renewed Supply Fears Following Houthi Attacks
NEW YORK: Oil prices experienced a significant rise on Wednesday as tensions escalated in the Middle East following attacks on Saudi Aramco’s headquarters by...
UN Warns of Potential Food Crisis Amid Fertiliser Supply Disruptions
ISLAMABAD: A senior UN official has warned that failure to activate the Hormuz fertiliser plan could lead to a significant food crisis, particularly in...
World Bank Rates Pakistan’s Tax Reform Programs as Moderately Satisfactory
ISLAMABAD: The World Bank has assessed its two loan programs in Pakistan, totaling approximately $670 million, as ‘moderately satisfactory’ while highlighting ‘substantial risk’ associated...
Senate Panel and Government Clash Over Power Distribution Companies’ Privatisation
ISLAMABAD: The proposed privatisation of power distribution companies (Discos) has ignited a significant debate in Pakistan, as a Senate panel asserts that the issue...
Netflix Lays Off 1,000 Employees in Major Restructuring Move
LOS ANGELES: Netflix has announced the layoff of 1,000 employees as part of a significant restructuring effort, marking its largest workforce reduction since 2022....
GSK Plans Over 1,200 Job Cuts in Belgium Amid Cost-Cutting Strategy
LONDON: GlaxoSmithKline (GSK) announces plans to cut more than 1,200 jobs in Belgium as part of a broader cost-saving initiative aimed at streamlining operations...
KSE-100 Index Surges 641 Points Amid Renewed Investor Confidence
KARACHI: The Pakistan Stock Exchange (PSX) experienced a significant rebound on Wednesday, with the benchmark KSE-100 Index climbing 641 points, or 0.39%, to close...
PM Shehbaz Appoints Retired Lt Gen Zafar Iqbal as Energy Advisor
ISLAMABAD: Prime Minister Shehbaz Sharif has appointed retired Lieutenant General Zafar Iqbal as his special assistant on energy, effective immediately. This decision, announced through...