News

Pak-China tie-up forges agri innovations

Hafiz Muhammad Usman, currently a post-doctoral fellow at Guizhou University, expresses deep gratitude for the opportunity to introduce advanced agricultural technologies acquired in China to his native Pakistan. Since its inception in 2017, Guizhou University has spearheaded the “PhD Village Chief” programme, extending invitations to doctoral students, postgraduates, and undergraduates to part

Cement makers decry poor law and order

Cement manufacturers have expressed serious concern over the “deteriorating law and order situation”, which is putting at stake their heavy investment in expansion of production capacity. “Law and order situation in Dera Ismail Khan, Dera Ghazi Khan, Kohat, Mianwali and adjacent areas has jeopardised day-to-day operations of cement units there,” said a spokesman for the All Pakistan Cement Manu

REIT fund seeks Rs403m investment via IPO

TPL Real Estate Investment Trust (REIT) Fund-I is scheduled to offer a minimum of 1.25% (22.94 million) units at Rs17.59 per unit to the general public with the aim of raising Rs403 million in the ongoing week at the Pakistan Stock Exchange (PSX). Fund runners may opt for selling an additional 1.22% (22.39 million) units through unlocking a green shoe option, taking total fund raising to a maxi

Oil smugglers, officials connive

Intelligence agencies have unearthed a racket involving 738 petrol filling stations, smugglers and officials, who collaborated to smuggle the Iranian petroleum products, inflicting an annual loss of Rs227 billion to the national exchequer. Some 533 petrol pumps, 100 corrupt officials and 105 Iranian oil smugglers are part of this racket, who have indulged in illegal trade of petroleum products.

Nobody believed a woman could stabilise economy: ex-finance minister Shamshad Akhtar

Dr Shamshad Akhtar, a macroeconomist and the previous caretaker finance minister, said that no one believed a woman could stabilise the economy while recounting her “compressed” time in the finance ministry on Tuesday. While speaking as the chief guest at the Overseas Investors Chamber of Commerce and Industry (OICCI) women empowerment awards, Akhtar talked about her career in Pakistan and abro