Business
Bulls Stumble as Bears Reclaim Control Amid Volatility
The trading day began on a strong footing, with the KSE-100 Index extending its upward momentum and surging by as much as 1,178 points in early…
Author: Aftab Ahmed
The Writer is a senior journalist who has worked with Business Recorder, News International and Daily Dunyea
Business
Pakistan Faces $131m Liability if Roosevelt Hotel Stays Shut
The government risks incurring liabilities over US$131 million over three years if the Roosevelt Hotel in New York is not reopened. The Ministry of Defense (MoD)…
Business
PIAIL Board Fails to Use €20M Scribe Hotel Funds
Islamabad: Pakistan International Airline Investment Limited (PIAIL) board has failed to utilize 20 million Euro available at Scribe Hotel due to tax implications. In a recent…
Business
Pakistan eyes stronger maritime links with Egypt
ISLAMABAD — Pakistan and Egypt have agreed to deepen cooperation in the maritime and industrial sectors, aiming to expand joint ventures and boost their blue economies.Pakistan…
Currency Rate
Pakistani Currency Strengthens Against US Dollar
The Pakistani rupee continues to gain against US dollar and appreciated 0.01% during the inter-bank market trading. It closed at 281.12, registering an appreciation of Rs0.03…
Business
Stock Market Continues Gains
PSX 100 index closed at 210 points amid late profit-taking after witnessing a peak during the early session. The market had picked up after a news…
Energy
Mari Energies Acquires 20% Stake in Offshore Indus-C Block
Mari Energies partners with Turkish Petroleum Overseas Company to explore Pakistan’s underdeveloped offshore reserves in a move seen as a breakthrough for bilateral energy cooperation. In…
Business
Chinese Firm Seeks SIFC Help Amid CAREC Tranche-3 Delay
A Chinese company has approached the Special Investment Facilitation Council (SIFC) as a delay casts a shadow over the CAREC Tranche-3 Project. The much-anticipated Rs. 146…
IT& Telecom
PTCL-Telenor Merger Row: Anusha Rahman Quits IT Panel?
As the tensions deepen over the PTCL-Telenor Merger, Anusha Rahman has reportedly resigned from the IT Senate Standing Committee. She has been serving on the board…
Check Bill
Consumers to Face Rs 3.41 Per Unit Increase in Electricity Rates
Staff ReportConsumers are set to face another increase in electricity rates, up to Rs 3.41 per unit. The National Electric Power Regulatory Authority (Nepra) conducted a…