Tag: Latest

Listen to article ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met with the Secretary General of the Economic Cooperation Organisation (ECO), Dr Asad Majeed Khan, on Tuesday to discuss enhancing regional economic cooperation and strengthening ECO’s role in promoting trade, commerce, and tourism among its 10 member states. Khan briefed the minister on ECO’s…

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Listen to article LAHORE: Pakistan Sugar Mills Association (PSMA) – Punjab Zone has denied that sugar prices have increased due to exports of the sweetener. In a statement, a spokesman for the association said that some misconceptions had been raised in media by linking the sugar price hike with exports without establishing facts. Owing to a conservative…

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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has given approval to Pakistan Stock Exchange Limited (PSX) for issuing guidelines on stock split by listed companies. The guidelines are aimed at promoting stock splits as a viable financial strategy in Pakistan’s capital market, especially for companies with high share prices, according to a press…

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ISLAMABAD: Turkmenistan is set to become the first Central Asian country to access the Gwadar Port under China Pakistan Economic Corridor (CPEC) as both countries are about to ink an agreement in this regard. Pakistan and Turkmenistan are already venturing various joint projects, including TAPI pipeline, railway track and fibre connectivity to connect two regions…

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ISLAMABAD: The country’s power regulator has slapped a fine of Rs10 million on K-Electric (KE)—the power utility that supplies electricity to Karachi—for “lack of safety measures/culture” which resulted in the death of a person within its service territory during FY 2022-23. The National Electric Power Regulatory Authority (NEPRA) directed KE to pay the fine in…

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ISLAMABAD: The International Monetary Fund has appointed Mahir Binici as the new country head for Pakistan, while the government intensifies efforts to secure the $7 billion loan approval by the last week of September. All this is taking place amid growing suspicions about the motives of the global lender. The IMF’s action to set wrong…

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