Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) has underscored the critical importance of cancelling all agreements with independent power producers (IPPs) and procuring electricity from cheaper sources without any capacity charges. A consensus in that regard was reached at a think tank session of the PCJCCI held at the Chamber Secretariat on Thursday. “Despite a vast potenti
Despite grappling with the triple crises of food, fuel, and finance, Pakistan has made progress in implementing the Sustainable Development Goals (SDGs), aimed at ending poverty, protecting the planet, and improving lives worldwide. Speaking at the High-Level Political Forum under the auspices of the UN Economic and Social Council, Ambassador Usman Jadoon, acting permanent representative to the
Incarcerated PTI leader Imran Khan “will remain imprisoned for the foreseeable future” despite his successful legal appeals in April and June, Business Monitor International (BMI), an arm of the Fitch credit ratings agency, has said in its latest country risk report for Pakistan. The comprehensive report, a copy of which became available to Dawn.com today, includes 10-year forecasts extending t
The $60 per ounce jump in the international gold price to $2,470 pushed the domestic rates for the yellow metal to an all-time high of Rs254,000 per tola and Rs217,764 per 10 grams. The previous peak was recorded in the third week of April at Rs252,000 per tola and Rs216,221 per 10 grams, respectively. The All Sindh Saraf Jewellers Association (ASSJA) said the 24-karat gold price surged by
The State Bank of Pakistan’s (SBP) foreign exchange reserves increased by a meagre $19 million to $9.423 billion during the week ended July 12. The SBP reserves have been increasing for several weeks, which has ensured currency stability. The exchange rate largely depends on the central bank’s ability to pay foreign debts promptly. Experts say the country will have to pay a large amount at t