BRUSSELS Reuters: The European Union and Australia said on Tuesday that negotiations on a proposed free trade deal had fallen short due to outstanding issues, particularly with regard to agricultural exports. Australia and the EU began discussions in 2018, and they had planned to reach a conclusion this week. However,Read More →

(Web Desk) ISLAMABAD – Tuesday saw the announcement by Pakistan’s Finance Minister Ishaq Dar that the country had received $2 billion from Saudi Arabia. This was a significant event considering that the International Monetary Fund (IMF) had been urging Pakistan to find external finance to cover the country’s needs forRead More →

45,000 tonnes of crude oil landed in Pakistan from Russia through Oman. Russian crude oil is being unloaded from a cargo ship at Karachi Port Trust’s PRL Terminal. The shipment of 45,000 tonnes of crude oil from Russia to Pakistan through Oman was the first of its sort in theRead More →

ISLAMABAD : The State Bank of Pakistan (SBP) will publish its monetary policy rate. According to a statement issued by the central bank, the Monetary Policy Committee (MPC) will meet on June 12 to review the country’s overall financial position, economic indicators, and the performance of various internal and externalRead More →

LAHORE – Three World Bank, Asian Development Bank (ADB), and Agence Française de Developpement (AFD) teams met separately with NTDC Managing Director Engr. Dr. Rana Abdul Jabbar Khan today at WAPDA House Lahore to evaluate the status of different existing and planned projects. The foreign delegations of the lenders, alongRead More →

ISLAMABAD: The cement dispatches decreased by 7.10% in February 2023 as a result of the worsening economic condition, import restrictions, and halted building operations. The total amount of cement shipped this month was 4.040 million tonnes, compared to 4.348 million tonnes sent in the same month previous fiscal year. TheRead More →

HONG KONG (Reuters) – As a result of U.S. inflation figures and comments from central bank officials, investors are concerned that interest rates will be higher for a longer period of time. On Wednesday, Asian markets declined while the U.S. dollar remained steady. Headline January’s U.S. CPI came in atRead More →

ISLAMABAD : Monday’s price of 24 karat per tola gold was Rs 3,300 more than the previous day’s price of Rs183,900. All Sindh Sarafa Jewellers Association said that 10 gramme 24 karat rose by Rs2829 to Rs160,494 from Rs157,665, while 10 gramme 22 carat rose to Rs147,119 from Rs144,526. PerRead More →