The World Trade Organisation (WTO) has said that Pakistan has formally accepted the Agreement on Fisheries Subsidies. Pakistan’s Ambassador to the WTO Ali Sarfaraz Hussain presented the instrument of acceptance to WTO Director-General Ngozi Okonjo-Iweala on Thursday, according to the information on the WTO website. The WTO DG said Pakistan’s formal acceptance of the agreement marks a vital s
The Indus River System Authority (Irsa) has called back-to-back meetings of its technical and advisory committee on March 25 and 26 for finalisation of water estimates and provincial shares for the coming Kharif season amid uncertainties over filling capacity of Tarbela Dam. The meetings are taking place at a crucial stage when the Tarbela and Mangla dams are at their dead level, meaning there
The Pakistan Stock Exchange (PSX) extended its bullish spell to a fourth straight session on Tuesday, helping the benchmark KSE 100 index breach another barrier of 117,000 thanks to optimism related to the IMF’s positive review of the economy. Topline Securities Ltd said the bulls dominated the session, propelling the benchmark index to an intraday high of 1,002 points before settling at 117,00
Despite a 1,000 basis points cut in the key interest rate to 12pc since the start of the current fiscal year, the Large-Scale Manufacturing (LSM) sector continued to show sluggish performance, with production contracting by 1.22 per cent in January compared to the same month last year, according to data released by the Pakistan Bureau of Statistics on Monday. The big industry production has see
Oil prices eased about one per cent on Tuesday as US President Donald Trump and Russian President Vladimir Putin discussed moves to end the three-year-old war in Ukraine, which could result in a possible easing of sanctions on Russian fuel exports. Earlier in the day, prices hit a two-week high on worries that instability in the Middle East could reduce oil supplies, and hopes that economic sti