BEIJING: Chinese retail sales rebounded in January and February as Beijing abandoned its suffocating zero-Covid policy, reopening borders and ending mandatory quarantine, and the country celebrated the Lunar New Year...
Sunwalk Group, a Chinese telecom infrastructure company, plans to invest $2 billion in Pakistan’s telecom sector for the deployment of an optical fiber network, encompassing an area of 100,000km. “Sunwalk...
The World Bank (WB) Tuesday extended its commitment towards Pakistan's long-term development with a focus on transitioning to renewable energy, particularly solar and hydropower. WB's South Asia Vice-President Martin Raiser...
ISLAMABAD: Pakistan has approached the United States seeking its help to secure “lenient treatment” from the International Monetary Fund (IMF) amid a delay in signing the staff-level agreement (SLA) due to the...
KARACHI - The Pakistani rupee lost Rs2.23 against the US dollar in the interbank in early trading hours on Monday. The dollar was being traded at Rs283 at 10:30am in...
KARACHI - Shares at the Pakistan Stock Exchange (PSX) witnessed bullish trend in early trading session on Monday. The benchmark KSE-100 index gained 452.03 points, or 1.08 per cent, to...
Oil prices ticked up in Monday Asian late morning trade, reversing a weak start as a recovery in Chinese demand and a weaker dollar provided support to a market rattled...
Siemens (Pakistan) Engineering Company Limited (SIEM), an engineering conglomerate and financial services contractor, intends to sell its energy portfolio to a non-affiliated entity of Siemens Energy Group. The company shared...
LAHORE - The Pakistani rupee appreciated by Rs1.30 against the US dollar in the interbank market on Friday. After slipping by 1.13 per cent a day earlier, the rupee was...
Finance Minister Ishaq Dar on Thursday said that the International Monetary Fund (IMF) was "satisfied" with Pakistan's actions but the staff-level agreement could not be signed this week. "We seem to be very close to signing...